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Multi-Tenant Flex Space

4643 73rd Avenue North, Pinellas Park, FL 33781

For Sale
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Adjoining warehouse and office improvements offer flexible layouts, month-to-month occupancy, and municipal water and sewer service.

Property Size11,550 SF
Lot Size0.53 Acres
Price / SF$108.23
Days on Market99

Property Features for 4643 73rd Avenue North

General Information

Standard status Active
Size 11,550 SF
Class C
Lot size 0.53 Acres
Property subtype Industrial
Zoning B-1
Occupancy 100%
Investment Type Value Add
Net Operating Income $30,485

Financials

Asking Price $1,250,000
Gross Income $49,800

Site & Location

Neighborhood Burnside Lealman
Highway Access Yes
Road Access Yes
Utilities to Site Yes

Warehouse & Industrial

Clear Height 9 ft
Warehouse Space 8,750 SF
Dock-High Doors 1
Three-Phase Power Yes

Building Details

Year Built 1960
Buildings 2
Units 8
Tenancy Multi
Listing Agency: Bridgewater Commercial Real Estate
Listed By: Jack Wynne · License FL BK3604106
Source: Crexi
Added: Aug 6 Changed: Nov 11 Last Checked: Nov 12 at 6:32AM

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 Bridgewater Commercial Real Estate

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This flex-space offering combines adjoining warehouse and office improvements totaling 11,550 square feet on 0.79 acres. The warehouse component includes 3,750-square-foot and 5,000-square-foot buildings constructed in 1960 and 1973, respectively, with nine-foot clear heights. Features include loading ramps, overhead doors, a van-high dock, 220-volt single-phase power, and select 3-phase service. The office/flex building was constructed in 1982 and includes 2,800 square feet, 12 parking spaces, and four rear roll-up garage doors, some enclosed by tenants.

Located one block south of Park Boulevard in Pinellas Park, the properties are within a five-minute drive of I-275 and US 19. B-1 zoning supports a broad range of uses, including contractor offices and shops, indoor storage, light repair, mixed-use development, and selected manufacturing or service operations. The improvements connect to municipal water and sewer. The warehouse has three tenants occupying 4,800 square feet, while the office building is fully leased to three tenants; all tenancies are month-to-month.

Key Highlights

  • 11,550 square feet across adjoining warehouse and office/flex improvements on 0.79 acres
  • B‑1 zoning supports contractor offices and shops, indoor storage, light repair, and other listed commercial uses
  • Warehouse buildings measure 3,750 SF and 5,000 SF, with nine‑foot clear ceiling heights

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$104,494
Cap Rate
8.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,089,880 $2.1M
Cap Rate 7%
$1,492,771 $1.5M
Cap Rate 9%
$1,161,044 $1.2M
Market Conditions
NOI Build-Up for 11,550 SF
Gross rent
$170.5K $14.76/SF
− Vacancy
−$9.7K −$0.84/SF
EGI
$160.8K $13.92/SF
− OpEx
−$56.3K −$4.87/SF
NOI
$104.5K $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 Rate 5%
$2,089,880
Cap Rate 7%
$1,492,771
Cap Rate 9%
$1,161,044

Alternative Uses

Best Use
Office B
$2.56M
$2.24M – $2.99M (±1% cap)
NOI $179,329 @ 7.0% cap · market cap 14.35%
Second Best
Flex RnD
$1.49M
$1.31M – $1.74M (±1% cap)
NOI $104,494 @ 7.0% cap · market cap 8.36%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M (±1% cap)
NOI $210,297 @ 7.0% cap · market cap 16.82%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Daycare Center Clothing & Fashion Store Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9 ft
Clear height
1
Dock-high doors
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,642
Businesses Nearby
Under-served
Demand for This Use

Demographics for 33781, FL

27,349
Population
12,370
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
82%
High-School Grad
6.6 sq mi
ZIP Area
4,144
Density / Sq Mi
$55,378
Median Household Income
$37,039
Median Earnings
$1,197
Median Rent
$251,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Flex space in Pinellas County, FL

$234 Jul
$256 Aug
$287 Sep
$245 Oct

Properties on Market for Flex space in Pinellas County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Similar Off Market Nearby

  • Catering By Lundy's — 3851 62nd Ave N suite b, Pinellas Park, FL 33781
  • Lagom Catering — 6657 49th St N, Pinellas Park, FL 33781

Frequently Asked Questions

What type of property is this?
Flex space - Adjoining warehouse and office improvements offer flexible layouts, month-to-month occupancy, and municipal water and sewer service.
Where is this flex space located?
The property is located at 4643 73rd Avenue North Pinellas Park, FL.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 11,550 square feet across adjoining warehouse and office/flex improvements on 0.79 acres; B‑1 zoning supports contractor offices and shops, indoor storage, light repair, and other listed commercial uses; Warehouse buildings measure 3,750 SF and 5,000 SF, with nine‑foot clear ceiling heights
(727) 519-3607 · Office Call to check price and availability
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