Industrial Building with Warehouse
New
For Sale
$1,125,000
4023 7TH S, St Petersburg, FL 33711
A divided layout pairs leased, finished space with a separate warehouse area featuring a roll-up door and restroom.
Property Size5,796 SF
Price / SF$194.10
Days on Market4
Property Features for 4023 7TH S
General Information
Standard status
Active
Size
5,796 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
2,900 SF
Office Build-Out
2,900 SF
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,830
Building Details
Building Size
5,796 SF
Year Built
1976
Buildings
1
Construction
concrete block
Listing Agency:
Leslie Wells Realty, Inc.
Listed By:
Cynthia Disharoon · License #3575116
(941) 290-2808
Source:
Elliman
Added: Sep 29
Last Checked: Oct 1 at 12:53PM
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 building in St. Petersburg dates to 1976 and has concrete block construction with approximately 20 feet of clear height. About 2,900 square feet is finished and leased; the remaining approximately 2,900 square feet is warehouse space with a roll-up door and restroom. New AC serves the building. The leased portion is occupied and is not shown in the available photos.
The property sits in the 7th Terrace commerce corridor, with access to I-275 and the broader Tampa Bay market. Its reported scores are 73 for biking, 84 for walking, and 53 for transit.
The property sits in the 7th Terrace commerce corridor, with access to I-275 and the broader Tampa Bay market. Its reported scores are 73 for biking, 84 for walking, and 53 for transit.
Key Highlights
- 5,796 SF industrial building built in 1976
- Approximately 2,900 SF of finished space is leased
- Approximately 2,900 SF of warehouse space with roll‑up door access and a restroom
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
4.34%
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 4.34%
Second Best
Industrial
$607.2K
$531.3K – $708.5K
NOI $42,507 @ 7.0% cap · market cap 3.78%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,531 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
Yes
Highway 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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Similar Off Market Nearby
- Extra Space Storage — 3201 32nd Ave S, St. Petersburg, FL 33712, United States
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- Motivated Movers Florida — 3074 20th Ave S, St. Petersburg, FL 33712
Frequently Asked Questions
What type of property is this?
Warehouse - A divided layout pairs leased, finished space with a separate warehouse area featuring a roll-up door and restroom.
Where is this warehouse located?
The property is located at 4023 7TH S St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: 5,796 SF industrial building built in 1976; Approximately 2,900 SF of finished space is leased; Approximately 2,900 SF of warehouse space with roll‑up door access and a restroom
