Fully Leased Multi-Unit Industrial
4501 107 CIRCLE N, Clearwater, FL 33762
For Sale
$3,250,000
Pending
Fully leased multi-unit industrial property in a well-located business area.
Property Size22,400 SF
Lot Size2.53 Acres
Days on Market276
Property Features for 4501 107 CIRCLE N
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Pool
Public Pool
Central Air Cooling
Concrete Flooring
Shingle Roof
Zoned Cooling
Building Details
Year Built
Listing Agency:
REALTY EXPERTS
(727) 888-1000
Listed By:
CARTER CLARKE, IV · License FL #3289085
(727) 403-5372
Source:
Corcoran
Added: Feb 10
Changed: Aug 14
Last Checked: Aug 14 at 6:02AM
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
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Investment Insights
Based on property information with market context.
The property at 4501-4521 107th Cir N offers an opportunity to acquire a fully leased, multi-unit property situated in a well-located business area. The property includes two buildings, each measuring 11,200 square feet, for a total of 22,400 square feet. These buildings are divided into ten light industrial units, all of which 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, on-site parking, and convenient access, with close proximity to major thoroughfares and surrounding commercial users.
Key Highlights
- Fully leased property providing immediate and stable income.
- Two buildings totaling ten light industrial units.
- Well‑suited for a range of light industrial uses (service, storage, distribution, contractor operations).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$202,656
Cap Rate
6.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,053,120
$4.1M
Cap Rate 7%
$2,895,086
$2.9M
Cap Rate 9%
$2,251,733
$2.3M
Market Conditions
NOI Build-Up for 22,400 SF
Gross rent
$330.6K $14.76/SF
− Vacancy
−$18.8K −$0.84/SF
EGI
$311.8K $13.92/SF
− OpEx
−$109.1K −$4.87/SF
NOI
$202.7K $9.05/SF
Area
Clearwater, 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 Rate 5%
$4,053,120
Cap Rate 7%
$2,895,086
Cap Rate 9%
$2,251,733
Alternative Uses
Best Use
Flex RnD
$2.90M
$2.53M – $3.38M
NOI $202,656 @ 7.0% cap · market cap 6.24%
Second Best
Industrial
$2.35M
$2.05M – $2.74M
NOI $164,279 @ 7.0% cap · market cap 5.05%
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 authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
769
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33762, FL
5,572
Population
3,117
Households
1.8
Avg Household Size
51
Median Age
52%
College-Educated
97%
High-School Grad
7.1 sq mi
ZIP Area
785
Density / Sq Mi
$91,024
Median Household Income
$51,596
Median Earnings
$1,711
Median Rent
$332,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Pinellas County, FL
Properties on Market for Flex space in Pinellas County
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Home | Cloud Catering — 9505 49th St N, Pinellas Park, FL 33782
- Maids Of All Trades — 10300 49th St N Ste. 508, Clearwater, FL 33762
- R2 Provisions — 4521 107th Cir N #4, Clearwater, FL 33762
- Chouinard's Cuisine — 4521 107th cir n, clearwater, fl 33762
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased multi-unit industrial property in a well-located business area.
Where is this flex space located?
The property is located at 4501 107 CIRCLE 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: Fully leased property providing immediate and stable income.; Two buildings totaling ten light industrial units.; Well‑suited for a range of light industrial uses (service, storage, distribution, contractor operations).
