Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    375 Mears Blvd Oldsmar, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Sublease opportunity with subdivision potential and air conditioning.

    Type:INDUSTRIAL
    Property size:
    85,000 SF
    Lot size:
    3.61 Acres
    Added:
    Apr 8, 2025
    Days on Market:
    387
    Last Refresh:
    Apr 5 at 9:51 pm

    Property Features for 375 Mears Blvd

    General Information

    Standard status
    Active
    Size
    85,000 SF
    Lot size
    3.61 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 375 Mears Blvd Contact us

    We can help!

    Listing Contact
    Scott Altieri
    Scott Altieri

    Listing agent Scott Altieri

    Listing office JLL | Tampa

    Listing date Apr 8, 2025

    Source Moodyscre

    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 JLL | Tampa

    Overview

    Industrial Space Available For Sublease

    This industrial property offers a sublease opportunity with an expiration date in April 2029. The space features the ability to be subdivided down to approximately 60,000 square feet. The property includes 5,000 square feet of office space and a clear height of 22 feet. Access is facilitated by two grade-level doors and two truck wells. The entire property is air-conditioned. The total property size is 85,000 square feet.
    Location Intelligence

    Current Use by Public Records

    James L. Villa, ... Big Box & Wholesale Store EasyPak Industrial Manufacturer

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Public Storage — 3657 Tampa Rd, Oldsmar, FL 34677
    • Advanced Data Solutions — 141 Scarlet Blvd A, Oldsmar, FL 34677
    • Eagle Mini Storage — 3884 Tampa Rd, Oldsmar, FL 34677
    • Oldsmar Storage Units — 109 S Bayview Blvd A, Oldsmar, FL 34677
    • 727 moving — 131 buckingham ave w, oldsmar, fl 34677

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6753
    Latitude
    28.0385

    Nearby Similar for Lease

    • $48,020 SF/Yr

      Professional Office Space For Lease

      Professional office space suitable for medical or general office use.
      3180 CURLEW Rd 107, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Retail Space in Oldsmar Center

      Retail spaces available in a busy Oldsmar shopping center.
      3150 Tampa Rd, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Retail Spaces on Tampa Road

      Retail spaces available in Oldsmar, excellent visibility and access.
      4022-4058 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $21,000 SF/Yr

      Move-In Ready Commercial Space

      Commercial space with heavy power, outdoor storage, easy access.
      355 Douglas Rd E, Oldsmar, FL 34677
      View Details
    • Contact for pricing

      Retail Space at Forrest Lakes Plaza

      Retail spaces available at busy Tampa Road and Forest Lakes.
      3711 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $5 SF/Yr

      Industrial Space in Oldsmar, FL

      42,000 SF industrial property available for lease in Oldsmar.
      301 Commerce Blvd, Oldsmar, FL
      View Details
    • Contact for pricing

      Retail Space in Palm Harbor

      Grocery anchored shopping center with outparcel opportunities in Palm Harbor.
      Tampa Rd, Oldsmar, FL
      View Details
    • Contact for pricing

      Retail Space in North Tampa

      Retail space available in North Tampa Shores Shopping Center.
      4011 Tampa Rd, Oldsmar, FL
      View Details
    • Contact for pricing

      Oldsmar Flex Space Available

      Flex space with dock-high warehouse and garden office.
      4023-4035 Tampa Rd, Oldsmar, FL 34677
      View Details
    • $12 SF/Yr

      Oldsmar Industrial Space Available

      2,125 SF industrial space for lease in Oldsmar, Florida.
      231 Douglas Rd E, Oldsmar, FL
      View Details
    • Contact for pricing

      Oldsmar Flex Space For Rent

      3,000 SF flex space available for lease in Oldsmar.
      359 Douglas Rd E, Oldsmar, FL
      View Details
    • Contact for pricing

      Retail Spaces on Tampa Road

      Retail spaces available with high visibility and multiple access points.
      4022-4040 Tampa Rd, Oldsmar, FL
      View Details

    FAQs

    What type of property is this?
    Warehouse - Sublease opportunity with subdivision potential and air conditioning.
    Where is this warehouse located?
    The property is located at 375 Mears Blvd Oldsmar, FL.
    What are key features of this property?
    This property features: Sublease Expiration: April 2029; Ability to subdivide up to ±60,000 SF; Clear height: 22’
    (813) 830-6535 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Scott Altieri
    Scott Altieri
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!