Renovated Industrial
New
For Sale
$1,150,000
4001 7TH S, St Petersburg, FL 33711
Office and warehouse areas feature updated finishes, roll-up access, and new air conditioning.
Property Size5,796 SF
Price / SF$198.41
Days on Market4
Property Features for 4001 7TH S
General Information
Standard status
Active
Size
5,796 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
20 ft
Conditioned Warehouse
Yes
Taxes and HOA fees
Annual Taxes
$6,959
Building Details
Building Size
5,796 SF
Year Built
1974
Buildings
1
Construction
Concrete block construction
Listing Agency:
Leslie Wells Realty, Inc.
Listed By:
Cynthia Disharoon · License #3575116
(941) 290-2808
Source:
Elliman
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 1 at 12:55PM
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 Leslie Wells Realty, Inc.
Investment Insights
Based on property information with market context.
This 5,796-square-foot industrial property combines office and warehouse space in a concrete block building constructed in 1974. The office area has tile flooring, and the building includes an updated kitchen and renovated restrooms. Warehouse features include roll-up door access and approximately 20 feet of clear height. New air conditioning serves the building. The property is vacant and available for occupancy.
The building occupies a corner lot with frontage on 40th Street S in St. Petersburg’s 7th Terrace commerce corridor. I-275 provides access to the greater Tampa Bay market.
The building occupies a corner lot with frontage on 40th Street S in St. Petersburg’s 7th Terrace commerce corridor. I-275 provides access to the greater Tampa Bay market.
Key Highlights
- 5,796‑square‑foot industrial building on a corner lot
- Approximately 20 feet of clear height in the warehouse
- Frontage on 40th Street S in St. Petersburg’s 7th Terrace commerce corridor
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$48,811
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.24%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$976,220
$976.2K
Cap Rate 7%
$697,300
$697.3K
Cap Rate 9%
$542,344
$542.3K
Market Conditions
NOI Build-Up for 5,796 SF
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.
Gross rent
$60.5K $10.44/SF
− Vacancy
−$3.1K −$0.53/SF
EGI
$57.4K $9.91/SF
− OpEx
−$8.6K −$1.49/SF
NOI
$48.8K $8.42/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$976,220
Cap Rate 7%
$697,300
Cap Rate 9%
$542,344
Alternative Uses
Best Use
Warehouse
$697.3K
$610.1K – $813.5K
NOI $48,811 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$607.2K
$531.3K – $708.5K
NOI $42,507 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,531 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33711, FL
20,121
Population
9,522
Households
2.1
Avg Household Size
41
Median Age
32%
College-Educated
96%
High-School Grad
4.7 sq mi
ZIP Area
4,281
Density / Sq Mi
$68,295
Median Household Income
$27,156
Median Earnings
$1,819
Median Rent
$253,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Office and warehouse areas feature updated finishes, roll-up access, and new air conditioning.
Where is this warehouse located?
The property is located at 4001 7TH S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,796‑square‑foot industrial building on a corner lot; Approximately 20 feet of clear height in the warehouse; Frontage on 40th Street S in St. Petersburg’s 7th Terrace commerce corridor
