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Dunedin Light Industrial Investment

620 UNION St, Dunedin, FL 34698

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For Sale

$950,000

Leased industrial asset with contractual rent increases in Dunedin, Florida.

Type:Commercial

Property size:

3,600 SF

Price / SF:

$263/SF

HighLights

Leased light industrial asset in a supply‑constrained Dunedin market.
Contractual 3% annual rent increases provide stable income.
Currently leased to an established tenant at $4,150/month, offering immediate income.
Potential for division into two units, allowing for multi‑tenant leasing.
Estimated 4.45% cap rate at the current asking price of $950,000.
Functional office/warehouse layout.

We can help!

Listing Contact

Tiffany Novitsky

Learn more

For Sale

$950,000

Leased industrial asset with contractual rent increases in Dunedin, Florida.

Type:Commercial

Property size:

3,600 SF

Price / SF:

$263/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 4:35 pm

Property Features for 620 UNION St

General Information

Standard status: Active
Size: 3,600 SF
Property subtype: Commercial

Building Details

Year Built: 1971

We can help!

Listing Contact

Tiffany Novitsky

Listing agent Tiffany Novitsky License #3405611

Listing office Lauren Michaels Real Estate Partners

Listing date Apr 24, 2026

Source Elliman

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 Lauren Michaels Real Estate Partners

HighLights

Leased light industrial asset in a supply‑constrained Dunedin market.
Contractual 3% annual rent increases provide stable income.
Currently leased to an established tenant at $4,150/month, offering immediate income.
Potential for division into two units, allowing for multi‑tenant leasing.
Estimated 4.45% cap rate at the current asking price of $950,000.
Functional office/warehouse layout.

Overview

This 3,600 square foot light industrial asset in Dunedin offers stable income with built-in growth. The property features a functional office/warehouse layout and is currently leased to an established tenant at $4,150 per month with 3% annual increases. The configuration allows for potential division into two units, creating future flexibility for multi-tenant leasing or partial owner-user occupancy. The property offers an estimated 4.45% cap rate with contractual rent growth. Industrial assets in Dunedin and the greater Pinellas County market continue to experience strong demand and limited new supply. This property is suited for investors seeking stable income with contractual rent increases, buyers looking for long-term industrial exposure in a high-barrier coastal market, and owner-users seeking future flexibility while collecting income. The property represents a compelling opportunity to acquire a well-located light industrial asset in a market where similar properties rarely become available.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$93.7k	$26.04
− Vacancy	−$19.2k	−$5.34
EGI	$74.5k	$20.70
− OpEx	−$18.6k	−$5.18
NOI	$55.9k	$15.53

3,600 SF · lease $26.04/SF/yr · vacancy 20.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$798.5K

$698.7K – $931.6K (±1% cap)

NOI $55,895 @ 7.0% cap · market cap 5.88%

Second Best

Warehouse

$433.1K

$379.0K – $505.3K (±1% cap)

NOI $30,317 @ 7.0% cap · market cap 3.19%

Theoretical Best

Office A

$936.4K

$819.3K – $1.09M (±1% cap)

NOI $65,547 @ 7.0% cap · market cap 6.90%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Cool Today Hardware & Home Improvement Clearwater Plumbing General Contractor

Suggested Use

Similar Places Nearby

Take Care Truck and Dolly Moving — 1943 Nugget Dr, Clearwater, FL 33755
Clearwater Storage — 1861 N Highland Ave, Clearwater, FL 33755

Location Insight

Map
Local Demand

City: Dunedin
County: Pinellas
State: Florida
Longitude: -82.783278
Latitude: 27.997648

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For sale
Warehouses
FL
Dunedin
34698
620 UNION St

What type of property is this?

Warehouse - Leased industrial asset with contractual rent increases in Dunedin, Florida.

Where is this warehouse located?

The property is located at 620 UNION St Dunedin, FL.

What is the asking price?

The asking price for this property is $950,000.

What are key features of this property?

This property features: Leased light industrial asset in a supply‑constrained Dunedin market.; Contractual 3% annual rent increases provide stable income.; Currently leased to an established tenant at $4,150/month, offering immediate income.