Listing Agency: Smith Associates, Inc E***@SmithRealtors.us Show Phone

Listed By: Erick Padilla · License #3121924 Show Phone

Added: Jun 4 Changed: Sep 2 Last Checked: Oct 9 at 5:06AM

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MLS# A12030989

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Investment Insights

Based on property information with market context.

This flex space is located within Brooker Creek Corporate Park at 640 Brooker Creek Blvd in Oldsmar, Florida. The property is identified as a flex-space asset within the broader industrial and warehouse category, providing a commercial setting suited to a range of operational needs supported by this property type.

Public water service is available, and the property is situated in Pinellas County under ZIP Code 34677. Its corporate-park setting and flex-space classification provide the primary physical and locational context for evaluating the asset.

Key Highlights

• Flex‑space property in Brooker Creek Corporate Park
• Located at 640 Brooker Creek Blvd
• Public water service

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$51,388

Cap Rate

4.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,027,760 $1.0M

Cap Rate 7%

$734,114 $734.1K

Cap Rate 9%

$570,978 $571.0K

Market Conditions

NOI Build-Up for 5,680 SF

Gross rent

$83.8K $14.76/SF

− Vacancy

−$4.8K −$0.84/SF

EGI

$79.1K $13.92/SF

− OpEx

−$27.7K −$4.87/SF

NOI

$51.4K $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%

$1,027,760

Cap Rate 7%

$734,114

Cap Rate 9%

$570,978

Alternative Uses

Best Use

Flex RnD

$734.1K

$642.4K – $856.5K (±1% cap)

NOI $51,388 @ 7.0% cap · market cap 4.28%

Second Best

Warehouse

$683.3K

$597.9K – $797.2K (±1% cap)

NOI $47,834 @ 7.0% cap · market cap 3.99%

Theoretical Best

Office A

$1.48M

$1.29M – $1.72M (±1% cap)

NOI $103,419 @ 7.0% cap · market cap 8.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Goose Pond University Training Center PlateSmart Technologies (Bike/Boat/Book/etc) Store ACISS Systems, Inc. (Bike/Boat/Book/etc) Store Photonx Wellness, Inc. Wellness Program Gulf Photonics Production Facility

Suggested Use

Top Pick Dental Office Hair Salon Real Estate Agency Restaurant Parking Lot & Garage Furniture & Home Goods

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

Location Intelligence

Trade Area within ½ mile

295

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 34677, FL

22,524

Population

10,056

Households

2.2

Avg Household Size

46

Median Age

41%

College-Educated

95%

High-School Grad

12.7 sq mi

ZIP Area

1,774

Density / Sq Mi

$85,389

Median Household Income

$46,404

Median Earnings

$1,484

Median Rent

$352,200

Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Flex space - Flex property with public water service in Pinellas County, Florida.

Where is this flex space located?

The property is located at 640 Brooker Creek Blvd Oldsmar, FL.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Flex‑space property in Brooker Creek Corporate Park; Located at 640 Brooker Creek Blvd; Public water service