Renovated Flex Space in
325 MEARS BOULEVARD #100 Oldsmar, FL 34677
325 MEARS BOULEVARD #100, Oldsmar, FL, 34677
$1,750,000
For Sale
$1,750,000
Turn-key flex industrial/office property with recent improvements, ideal for investors.
Property Size6,100 SF
Lot Size0.43 Acres
Price / SF$286.89
Days on Market349
Property Features for 325 MEARS BOULEVARD #100
General Information
- Standard status
- Active
- Size
- 6,100 SF
- Lot size
- 0.43 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing Agency
VIP EXECUTIVE REALTY LLC
(813) 475-6019
Listed by
TOM BIBLE · License #3049862
Source
Corcoran
Added: Aug 7, 2025 Updated: Jul 6 at 7:45 am Checked: Jul 19 at 4:47 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of VIP EXECUTIVE REALTY LLC
Investment Insights
Based on property information with market context.
This renovated flex industrial/office property is located in Oldsmar. The versatile space features over $300,000 in recent improvements. It is located in a prime location with easy access to Tampa Road and State Road 580, providing direct routes to Tampa, Clearwater, Palm Harbor, St. Pete and Safety Harbor. The property is suitable for investors seeking a turn-key flex space or owner-users in the home services industry, such as HVAC companies, plumbing contractors, electricians, or other trades-based businesses looking to own rather than lease. The current owner is open to a leaseback of up to 6–12 months, offering immediate cash flow and allowing flexibility for short- or mid-term transition planning. The property size is 6100 square feet.
Key Highlights
- Over $300,000 in recent upgrades.
- Prime Oldsmar location with easy access to major roadways (Tampa Road and State Road 580).
- Ideal for investors or home service business owners (HVAC, plumbing, electricians, etc.).
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.8k | $26.04 |
| − Vacancy | −$32.6k | −$5.34 |
| EGI | $126.3k | $20.70 |
| − OpEx | −$31.6k | −$5.18 |
| NOI | $94.7k | $15.53 |
6,100 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.58M
NOI $94,711 @ 7.0% cap · market cap 5.41%
Second Best
Flex RnD
$788.4K
$689.9K – $919.8K
NOI $55,188 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.59M
$1.39M – $1.85M
NOI $111,066 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Friend's Plumbing
Plumbing Service
Similar For Sale Nearby
Similar Off Market Nearby
- Tampa Bartender — 3905 Tampa Rd #40, Oldsmar, FL 34677
- Amici's Catered Cuisine — 205 Marlborough St A, Oldsmar, FL 34677
FAQs
What type of property is this?
Flex space - Turn-key flex industrial/office property with recent improvements, ideal for investors.
Where is this flex space located?
The property is located at 325 MEARS BOULEVARD #100 Oldsmar, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Over $300,000 in recent upgrades.; Prime Oldsmar location with easy access to major roadways (Tampa Road and State Road 580).; Ideal for investors or home service business owners (HVAC, plumbing, electricians, etc.).
