Two-Unit Industrial
For Sale
$1,095,000
4055 7th Terrace ST PETERSBURG, Saint Petersburg, FL 33711
Concrete block facility with office areas, loading doors, 24-hour access, and one renovated suite available for occupancy.
Property Size5,796 SF
Lot Size0.22 Acres
Price / SF$188.92
Days on Market62
Property Features for 4055 7th Terrace ST PETERSBURG
General Information
Standard status
Active
Size
5,796 SF
Total Parking Spaces
8
Lot size
0.22 Acres
Zoning
IT
Warehouse & Industrial
Drive-In Doors
2
Power
200 amps
Additional Details
Gross Income
$33,600
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,480
Amenities
24-hour access
Concrete
true
Public Records
City Lot,Interior Lot
9246
67 x 135
0.21
1
false
Paved,Asphalt
Slab
Street Paved,City Street
5796
Public Maintained Road
2
Building Details
Building Size
5,796 SF
Year Built
1977
Buildings
1
Construction
reinforced concrete block
Listing Agency:
(407) 890-1354
Listed By:
Elizabeth "Suzette" Ray
(407) 890-1354
Source:
Therealestatecollection
Added: Jul 1
Changed: Aug 30
Last Checked: Aug 30 at 6:25PM
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 Elizabeth "Suzette" Ray
Investment Insights
Based on property information with market context.
This industrial warehouse contains approximately 5,796 square feet arranged in two units. The reinforced concrete block building has steel rafters, a newer roof, and approximately 200-amp electric service. Each unit includes an office area with dedicated window A/C, a renovated restroom with slop sink, front and rear entry doors, and an oversized roll-up garage door. One unit is leased on an NNN basis, while the other has been recently renovated and is available for lease or owner occupancy.
The property provides approximately 6–8 paved surface parking spaces and 24-hour access. Its central St. Petersburg setting offers convenient connectivity to I-275 and major local corridors. Building signage is available, supporting tenant identification from the surrounding street network.
The property provides approximately 6–8 paved surface parking spaces and 24-hour access. Its central St. Petersburg setting offers convenient connectivity to I-275 and major local corridors. Building signage is available, supporting tenant identification from the surrounding street network.
Key Highlights
- Approximately 5,796 SF concrete block warehouse with two units
- One unit leased on an NNN basis; second unit recently renovated and available
- Each unit includes office space, window A/C, restroom, and oversized roll‑up garage door
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
$52,437
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
4.79%
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%
$1,048,740
$1.0M
Cap Rate 7%
$749,100
$749.1K
Cap Rate 9%
$582,633
$582.6K
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
$85.5K $14.76/SF
− Vacancy
−$4.9K −$0.84/SF
EGI
$80.7K $13.92/SF
− OpEx
−$28.2K −$4.87/SF
NOI
$52.4K $9.05/SF
Area
Pinellas County, FL
Vacancy
5.70%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
35.00%
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%
$1,048,740
Cap Rate 7%
$749,100
Cap Rate 9%
$582,633
Alternative Uses
Best Use
Flex RnD
$749.1K
$655.5K – $874.0K
NOI $52,437 @ 7.0% cap · market cap 4.79%
Second Best
Warehouse
$697.3K
$610.1K – $813.5K
NOI $48,811 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,531 @ 7.0% cap · market cap 9.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
Under-served
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
- Tellus Self Storage - St. Petersburg — 898 30th Ave N, St. Petersburg, FL 33704
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete block facility with office areas, loading doors, 24-hour access, and one renovated suite available for occupancy.
Where is this warehouse located?
The property is located at 4055 7th Terrace ST PETERSBURG Saint Petersburg, FL.
What is the asking price?
The asking price for this property is $1,095,000.
What are key features of this property?
This property features: Approximately 5,796 SF concrete block warehouse with two units; One unit leased on an NNN basis; second unit recently renovated and available; Each unit includes office space, window A/C, restroom, and oversized roll‑up garage door
