St. Petersburg Warehouse with Leased
4055 7TH TERRACE St Petersburg, FL 33711
4055 7TH TERRACE, St Petersburg, FL, 33711
$1,095,000
For Sale
$1,095,000
Two-unit warehouse with income and owner-user potential in St. Petersburg.
Property Size5,796 SF
Lot Size0.22 Acres
Price / SF$188.92
Days on Market94
Property Features for 4055 7TH TERRACE
General Information
- Standard status
- Active
- Size
- 5,796 SF
- Lot size
- 0.22 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1977
Listing Agency
CHARLES RUTENBERG REALTY INC
(727) 538-9200
Listed by
VICTORIA ROESE · License #3097497
Source
Corcoran
Added: Apr 14 Checked: Jul 16 at 6:02 am
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 CHARLES RUTENBERG REALTY INC
Investment Insights
Based on property information with market context.
This two-unit industrial/warehouse property is located in central St. Petersburg. The concrete block building totals approximately 5,796 square feet and is configured as two bays of roughly 2,880 square feet each, situated on a 0.21–0.22 acre lot. The property has convenient access to I-275 and major St. Pete corridors. One unit, approximately 2,800 square feet, is currently leased on a triple-net (NNN) basis, providing income. The second unit, approximately 2,900 square feet, has been recently renovated and is available for lease or for an owner-occupant. Each bay includes an office area with a dedicated window A/C unit, a renovated restroom with a slop sink, front and rear entry doors, and an oversized roll-up commercial garage door. Constructed of reinforced concrete block with steel rafters, the warehouse benefits from a newer roof and approximately 200-amp electric service. On-site parking accommodates approximately 6–8 vehicles, and 24-hour access plus available building signage provide functionality and visibility for tenants. Recent renovations include updated interiors, fresh paint, improved office finishes, and move-in ready warehouse space. The property is zoned GC – General Commercial. It is suitable for a range of light industrial, service, storage, or small business uses.
Key Highlights
- Immediate cash flow from existing tenant with a NNN lease structure.
- Opportunity for owner‑user to occupy the recently renovated ±2,900 SF unit while benefiting from rental income.
- Prime central St. Petersburg location with easy access to I‑275.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $150.9k | $26.04 |
| − Vacancy | −$30.9k | −$5.34 |
| EGI | $120.0k | $20.70 |
| − OpEx | −$30.0k | −$5.18 |
| NOI | $90.0k | $15.53 |
5,796 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.29M
$1.12M – $1.50M
NOI $89,991 @ 7.0% cap · market cap 8.22%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
Similar Off Market Nearby
- Public Storage — 1400 34th St S, St. Petersburg, FL 33711
- Truck Spot LLC — 700 40th St S, St. Petersburg, FL 33711
- Boat & Rv Storage — 700 49th St S, Gulfport, FL 33707
- Cabessa Storage & Warehouse — 4039 8th Ave S, St. Petersburg, FL 33711
- The Storage house — 1219 49th St S, Gulfport, FL 33707
FAQs
What type of property is this?
Warehouse - Two-unit warehouse with income and owner-user potential in St. Petersburg.
Where is this warehouse located?
The property is located at 4055 7TH TERRACE St 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: Immediate cash flow from existing tenant with a NNN lease structure.; Opportunity for owner‑user to occupy the recently renovated ±2,900 SF unit while benefiting from rental income.; Prime central St. Petersburg location with easy access to I‑275.
