Flex Warehouse in Corporate
For Sale
$1,200,000
640 Brooker Creek Boulevard Unit 430, Oldsmar, FL 34677
Available for lease or sale in the Brooker Creek corporate park, offering space for flexible light industrial use.
Property Size5,680 SF
Price / SF$211.27
Days on Market103
Property Features for 640 Brooker Creek Boulevard Unit 430
General Information
Standard status
Active
Size
5,680 SF
Listing Agency:
Smith Associates, Inc
Listed By:
Erick A. Padilla · License #3121924
(786) 222-2706
Source:
Chenoregroup
Added: Jul 4
Changed: Oct 10
Last Checked: Oct 7 at 1:54PM
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 Smith Associates, Inc
Investment Insights
Based on property information with market context.
This offering presents a flex warehouse totaling approximately 5,680 square feet, available for lease or sale. The property is marketed as a warehouse-flex configuration suitable for users who need a mix of functional space for operations and storage. Lease terms are presented on an NNN basis.
The asset is located at 640 Brooker Creek Blvd in the Brookers Creek corporate park in the Oldsmar/Tampa area. The listing is positioned as part of a corporate park setting, providing a straightforward option for tenants and buyers looking for an industrial-flex product within that business environment.
For tenants, the flex warehouse format can fit a range of light industrial and distribution-adjacent requirements where operational flexibility is useful. For buyers, the property’s clearly defined flex/warehouse use and NNN lease structure support a practical owner-occupant or investor approach based on the stated leasing parameters. Please note that specific interior features, overhead door count, ceiling height, and loading details are not provided in the available information.
The asset is located at 640 Brooker Creek Blvd in the Brookers Creek corporate park in the Oldsmar/Tampa area. The listing is positioned as part of a corporate park setting, providing a straightforward option for tenants and buyers looking for an industrial-flex product within that business environment.
For tenants, the flex warehouse format can fit a range of light industrial and distribution-adjacent requirements where operational flexibility is useful. For buyers, the property’s clearly defined flex/warehouse use and NNN lease structure support a practical owner-occupant or investor approach based on the stated leasing parameters. Please note that specific interior features, overhead door count, ceiling height, and loading details are not provided in the available information.
Key Highlights
- ±1,680 SF flex warehouse available for lease or sale
- Lease rate: $11.95 PSF NNN
- Sale price: $1.2M (approx. $211 PSF)
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
NOI $51,388 @ 7.0% cap · market cap 4.28%
Second Best
Warehouse
$683.3K
$597.9K – $797.2K
NOI $47,834 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,419 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Available for lease or sale in the Brooker Creek corporate park, offering space for flexible light industrial use.
Where is this flex space located?
The property is located at 640 Brooker Creek Boulevard Unit 430 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: ±1,680 SF flex warehouse available for lease or sale; Lease rate: $11.95 PSF NNN; Sale price: $1.2M (approx. $211 PSF)
