Industrial Building with Warehouse
For Sale
$1,125,000
4023 7TH Terrace S, St Petersburg, FL 33711
Commercial Sale, ST PETERSBURG, FL
Property Size5,796 SF
Lot Size0.21 Acres
Price / SF$194.10
Days on Market11
Property Features for 4023 7TH Terrace S
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
FULLERS GARDEN HOMES TENCO REP
Directions
From I-275 S: Take Exit 19 (22nd Ave S). Turn right onto 22nd Ave S, then right on 34th St S, left on 18th Ave S, and right on 40th St S. The property is on the corner of 40th St S and 7th Terrace S. From I-275 N: Take Exit 18 (26th Ave S). Head west on 26th Ave S to 34th St S, turn right, then left on 18th Ave S and right on 40th St S. The property is on the corner of 40th St S and 7th Terrace S.
Standard status
Active
APN
27-31-16-29772-000-0080
Size
5,796 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
FULLERS GARDEN HOMES TENCO REPLAT LOT 8
Tax Annual Amount
6831
Legal Description
FULLERS GARDEN HOMES TENCO REPLAT LOT 8
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Building Details
Year built
1976
Floors in Building
1
Building materials
Block, Concrete
Listing Agency:
LESLIE WELLS REALTY, INC.
(941) 776-5571
Listed By:
Cynthia Disharoon · License #3575116
(941) 290-2808
Added: Sep 22
Changed: Oct 2
Last Checked: Oct 2 at 3:06AM
MLS# A4707669
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The 5,796-square-foot industrial building contains approximately 2,900 square feet of finished space that is currently leased, alongside approximately 2,900 square feet of warehouse area. The warehouse portion has a roll-up door and restroom. Concrete block construction, approximately 20-foot clear height, and new air conditioning throughout are additional building features.
The property is on 7th Terrace S in St. Petersburg, with access to I-275 and the greater Tampa Bay market. Public sewer serves the site.
The property is on 7th Terrace S in St. Petersburg, with access to I-275 and the greater Tampa Bay market. Public sewer serves the site.
Key Highlights
- 5,796 SF industrial building on a 0.21‑acre lot
- Approximately 2,900 SF of finished space is currently 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
—
—
no second resolved use
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
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Current Use
Lease Details
20 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,251
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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- Cabessa Storage & Warehouse — 4039 8th Ave S, St. Petersburg, FL 33711
- Boat & Rv Storage — 700 49th St S, Gulfport, FL 33707
- Truck Spot LLC — 700 40th St S, St. Petersburg, FL 33711
Frequently Asked Questions
What type of property is this?
Warehouse - A mixed-occupancy layout pairs a leased finished area with warehouse space, roll-up access, and a restroom.
Where is this warehouse located?
The property is located at 4023 7TH Terrace 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 on a 0.21‑acre lot; Approximately 2,900 SF of finished space is currently leased; Approximately 2,900 SF of warehouse space with roll‑up door access and a restroom
