Flex Space with Outside
For Sale
$1,750,000
Pending
4712 N CLARK, Tampa, FL 33614
Block-built industrial space with a flexible layout, IG zoning, and convenient access to major Tampa transportation routes.
Property Size7,570 SF
Lot Size0.60 Acres
Days on Market12
Property Features for 4712 N CLARK
General Information
Standard status
Pending
Size
7,570 SF
Lot size
0.60 Acres
Property subtype
Industrial
Zoning
IG
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$6,460
Building Details
Building Size
7,570 SF
Year Built
1985
Units
6
Construction
block
Listing Agency:
IQ Commercial
(813) 293-3234
Listed By:
Ralph Carrasquillo · License #BK3015016
(813) 293-3234
Source:
Elliman
Added: Aug 20
Changed: Aug 30
Last Checked: Aug 30 at 6:39PM
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 IQ Commercial
Investment Insights
Based on property information with market context.
Located at 4712 N Clark in Tampa, this flex property includes 7,560 SF of warehouse space on a contiguous 26,250 SF lot. The solid block building offers a flexible configuration, while the site provides outside storage capacity that supports a range of industrial operations. Constructed in 1985, the property is zoned IG (Industrial General), allowing for varied industrial applications as supported by the source information.
The site connects to Dale Mabry Highway, MLK Blvd, Veterans Expressway, I-275, and I-4, with Tampa International Airport also identified as a nearby access point. The property is positioned three blocks from the proposed new Rays stadium. Walk Score is 59, Bike Score is 82, and Transit Score is 30.
The site connects to Dale Mabry Highway, MLK Blvd, Veterans Expressway, I-275, and I-4, with Tampa International Airport also identified as a nearby access point. The property is positioned three blocks from the proposed new Rays stadium. Walk Score is 59, Bike Score is 82, and Transit Score is 30.
Key Highlights
- 7,560 SF of flex warehouse space
- Contiguous 26,250 SF lot with outside storage
- IG (Industrial General) zoning
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
$80,158
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
4.58%
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%
$1,603,160
$1.6M
Cap Rate 7%
$1,145,114
$1.1M
Cap Rate 9%
$890,644
$890.6K
Market Conditions
NOI Build-Up for 7,560 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
$99.8K $13.20/SF
− Vacancy
−$5.5K −$0.73/SF
EGI
$94.3K $12.47/SF
− OpEx
−$14.1K −$1.87/SF
NOI
$80.2K $10.60/SF
Area
ZIP 33614
Vacancy
5.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
15.00%
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%
$1,603,160
Cap Rate 7%
$1,145,114
Cap Rate 9%
$890,644
Alternative Uses
Best Use
Warehouse
$1.15M
$1.00M – $1.34M
NOI $80,158 @ 7.0% cap · market cap 4.58%
Second Best
Industrial
$943.0K
$825.2K – $1.10M
NOI $66,012 @ 7.0% cap · market cap 3.77%
Theoretical Best
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,244 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33614, FL
47,695
Population
19,660
Households
2.4
Avg Household Size
39
Median Age
23%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
4,917
Density / Sq Mi
$51,143
Median Household Income
$31,350
Median Earnings
$1,399
Median Rent
$295,700
Median Home Value
Market
Vacancy Rate% for Industrial in Tampa, FL
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Block-built industrial space with a flexible layout, IG zoning, and convenient access to major Tampa transportation routes.
Where is this flex space located?
The property is located at 4712 N CLARK Tampa, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 7,560 SF of flex warehouse space; Contiguous 26,250 SF lot with outside storage; IG (Industrial General) zoning
