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    Tarpon Springs Industrial/Warehouse Space Title is generated by Realmo AI

    716 Wesley Ave, Tarpon Springs, FL 34689

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    22,000 SF industrial/warehouse space available for lease now!

    Type:Industrial
    Property size:
    22,000 SF
    Lot size:
    1.26 Acres
    Added:
    Apr 17, 2023
    Days on Market:
    1143
    Last Refresh:
    May 12 at 9:54 pm

    Property Features for 716 Wesley Ave

    General Information

    Standard status
    Active
    Size
    22,000 SF
    Lot size
    1.26 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1997

    Spaces For Lease

    at 716 Wesley Ave Contact us

    Units 13 and 14 $11/Mo

    Size
    2,000 SF
    Type
    Industrial
    2000 sft space available for lease. BONUS Mezzanine adds another 1500 sft!!! and...
    show more
    Contact us

    Unit 19 $10/Mo

    Size
    1,000 SF
    Type
    Industrial
    Hard to find 1000 square foot flex space with private bathroom, mezzanine area. nLocated...
    show more
    Contact us

    We can help!

    Listing Contact
    Maggie McGrath

    Listing agent Maggie McGrath License #FL 3232402

    Listing office Doyle & McGrath

    Listing date Apr 17, 2023

    Source Crexi

    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 Doyle & McGrath

    HighLights

    • 22,000 SF industrial/warehouse space with heavy industrial (M‑2) zoning.
    • Excellent Pinellas County location with easy access to major highways and close proximity to local amenities.
    • High ceilings (20' clear height) and two 14' high x 12' wide ground‑level drive‑through doors.
    • Flexible open floor plan that can be customized.
    • NNN lease structure ($10.00/SF base rent + $4.15/SF NNN expenses).
    • Mezzanine and bathroom included.

    Overview

    Located on Wesley Ave in Tarpon Springs, Florida, this 22,000 square foot industrial/warehouse property is available for lease. The metal building features a 20-foot clear ceiling height and includes a mezzanine and bathroom. A ground drive-through door, measuring 14 feet high and 12 feet wide, is located at the front of the building. The property has an open floor plan that can be customized. It is zoned Heavy Industrial (M-2). The location provides easy access to major highways and is close to local amenities, restaurants, and shopping centers. Permitted uses include industrial workshops and services, vehicle repair (major and minor), warehouses, light and heavy utility service, light manufacturing, wholesale trade, construction equipment sales/rental, construction material & service establishments, landscape service establishments, light and heavy printing establishments, rental service establishments, and research and development. Built in 1997, the property is of block construction and sits on a 1.26-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Florida International Fence General Contractor Wesley Openers & Springs ... Auto Parts Store Curtis Driveline and Transmissions Auto Repair Shop Affordable Auto Repair Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Similar Places Nearby

    • Belle Harbour Marina — 307 Anclote Rd, Tarpon Springs, FL 34689
    • Mar-Marina — 761 Anclote Rd, Tarpon Springs, FL 34689
    • Carefree Boat Club — 527 Anclote Rd #130, Tarpon Springs, FL 34689
    • Anclote Road Commercial and Rental — 500 Anclote Rd, Tarpon Springs, FL 34689
    • Anclote Harbors Marina — 523 Anclote Rd, Tarpon Springs, FL 34689

    Location Insight

    • Map
    • Local Demand
    City
    Tarpon Springs
    County
    Pasco
    State
    Florida
    Longitude
    -82.7668652
    Latitude
    28.1705525

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    FAQs

    What type of property is this?
    Warehouse - 22,000 SF industrial/warehouse space available for lease now!
    Where is this warehouse located?
    The property is located at 716 Wesley Ave Tarpon Springs, FL.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: 22,000 SF industrial/warehouse space with heavy industrial (M‑2) zoning.; Excellent Pinellas County location with easy access to major highways and close proximity to local amenities.; High ceilings (20' clear height) and **two 14' high x 12' wide ground‑level drive‑through doors**.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Maggie McGrath
    Real Estate License ID: FL 3232402
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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