Industrial Building with Roll-Up
For Sale
Contact for pricing
4639 Lown Street North, St Petersburg, FL 33714
Industrial building with open production space, 16-foot clear height, and large roll-up doors plus office space on E-2 zoned land.
Property Size9,632 SF
Lot Size0.37 Acres
Price / SF$186.36
Days on Market18
Property Features for 4639 Lown Street North
General Information
Standard status
Active
Size
9,632 SF
Class
C
Lot size
0.37 Acres
Property subtype
Industrial
Zoning
E-2 Unincorporated Pinellas
Site & Location
Highway Access
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Office Build-Out
800 SF
Power
400 amps
Voltage
240 V
Three-Phase Power
Yes
Building Details
Year Built
1984
Buildings
1
Tenancy
Single
Building Size
9,632 SF
Listing Agency:
Vector Commercial Real Estate
(727) 823-1230
Listed By:
Ned Willis · License #FL 499932
Source:
Crexi
Added: Jul 27
Changed: Aug 8
Last Checked: Aug 12 at 11:37AM
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 Vector Commercial Real Estate
Investment Insights
Based on property information with market context.
This 9,632 SF industrial building is designed for warehouse, fabrication, assembly, or light manufacturing uses, with an open production layout and convenient support space. The facility offers 16' clear height, 240V 3-phase power with 400-AMP service, and large 12' x 14' roll-up doors for efficient material handling. Outdoor storage and work areas add flexibility for day-to-day operations. The property also includes approximately 800 SF of office space with seven private offices and three restrooms.
The building sits on approximately 16,165 SF of land in unincorporated Pinellas County and is zoned E-2. It is located near US Highway 19 and Gandy Boulevard, providing convenient access throughout St. Petersburg, Pinellas County, and the greater Tampa Bay area.
Built in 1984, the property includes functional industrial improvements that can support a range of industrial operators seeking practical production and distribution space with on-site office support and multiple roll-up door openings.
The building sits on approximately 16,165 SF of land in unincorporated Pinellas County and is zoned E-2. It is located near US Highway 19 and Gandy Boulevard, providing convenient access throughout St. Petersburg, Pinellas County, and the greater Tampa Bay area.
Built in 1984, the property includes functional industrial improvements that can support a range of industrial operators seeking practical production and distribution space with on-site office support and multiple roll-up door openings.
Key Highlights
- 9,632 SF industrial building with open production space for warehouse, fabrication, assembly, or light manufacturing
- 16' clear height and 240V 3‑phase power with 400‑AMP service
- 12' x 14' roll‑up doors plus outdoor storage and work areas
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
$87,142
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
4.85%
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%
$1,742,840
$1.7M
Cap Rate 7%
$1,244,886
$1.2M
Cap Rate 9%
$968,244
$968.2K
Market Conditions
NOI Build-Up for 9,632 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
$142.2K $14.76/SF
− Vacancy
−$8.1K −$0.84/SF
EGI
$134.1K $13.92/SF
− OpEx
−$46.9K −$4.87/SF
NOI
$87.1K $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%
$1,742,840
Cap Rate 7%
$1,244,886
Cap Rate 9%
$968,244
Alternative Uses
Best Use
Flex RnD
$1.24M
$1.09M – $1.45M
NOI $87,142 @ 7.0% cap · market cap 4.85%
Second Best
Warehouse
$1.16M
$1.01M – $1.35M
NOI $81,115 @ 7.0% cap · market cap 4.52%
Theoretical Best
Office A
$2.51M
$2.19M – $2.92M
NOI $175,375 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33714, FL
19,905
Population
9,889
Households
2
Avg Household Size
44
Median Age
20%
College-Educated
86%
High-School Grad
3.7 sq mi
ZIP Area
5,380
Density / Sq Mi
$47,221
Median Household Income
$36,207
Median Earnings
$1,270
Median Rent
$177,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial building with open production space, 16-foot clear height, and large roll-up doors plus office space on E-2 zoned land.
Where is this flex space located?
The property is located at 4639 Lown Street North St Petersburg, FL.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: 9,632 SF industrial building with open production space for warehouse, fabrication, assembly, or light manufacturing; 16' clear height and 240V 3‑phase power with 400‑AMP service; 12' x 14' roll‑up doors plus outdoor storage and work areas
