Fully Leased Industrial
4501 107 Cir N Clearwater, FL 33762
For Sale
$3,250,000
Pending
Multi-unit property with stable income in a desirable location.
Property Size22,400 SF
Days on Market93
Property Features for 4501 107 Cir N
General Information
- Standard status
- Pending
- Size
- 22,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1986
Listing Agency:
REALTY EXPERTS
(727) 403-5372
Listed By:
Carter Clarke, IV · License #3289085
(727) 403-5372
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 11:29AM
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 REALTY EXPERTS
Investment Insights
Based on property information with market context.
The property at 4501 & 4521 107th Cir N consists of two buildings, each with 11,200 square feet, totaling ten light industrial units. All units are currently leased, providing immediate and stable income. The units are suitable for light industrial uses such as service, storage, distribution, and contractor operations. The property features functional layouts and on-site parking. It offers convenient access and proximity to major thoroughfares and surrounding commercial users. The location has a bike score of 35, indicating it is somewhat bikeable, a walk score of 2, indicating car dependence, and a transit score of 24, indicating minimal transit.
Key Highlights
- 100% occupied, providing immediate and stable income.
- Two buildings totaling ten light industrial units.
- Well‑suited for service, storage, distribution, and contractor operations.
Financial Insights For Flex RnD
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 | $330.6k | $14.76 |
| − Vacancy | −$18.8k | −$0.84 |
| EGI | $311.8k | $13.92 |
| − OpEx | −$109.1k | −$4.87 |
| NOI | $202.7k | $9.05 |
22,400 SF · lease $14.76/SF/yr · vacancy 5.70% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$2.90M
$2.53M – $3.38M
NOI $202,656 @ 7.0% cap · market cap 6.24%
Second Best
Warehouse
$2.69M
$2.36M – $3.14M
NOI $188,640 @ 7.0% cap · market cap 5.80%
Theoretical Best
Office A
$6.28M
$5.50M – $7.33M
NOI $439,916 @ 7.0% cap · market cap 13.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
SioGreen Inc
Industrial Manufacturer
Tampasta Llc
Specialty Food Shop
Bill Kramer's Automotive
Auto Repair Shop
VSNailPro
Hair Salon
Florida Pasta Company
Big Box & Wholesale Store
Similar Off Market Nearby
- R2 Provisions — 4521 107th Cir N #4, Clearwater, FL 33762
- Chouinard's Cuisine — 4521 107th cir n, clearwater, fl 33762
- Maids Of All Trades — 10300 49th St N Ste. 508, Clearwater, FL 33762
- Home | Cloud Catering — 9505 49th St N, Pinellas Park, FL 33782
FAQs
What type of property is this?
Flex space - Multi-unit property with stable income in a desirable location.
Where is this flex space located?
The property is located at 4501 107 Cir N Clearwater, FL.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: 100% occupied, providing immediate and stable income.; Two buildings totaling ten light industrial units.; Well‑suited for service, storage, distribution, and contractor operations.
