Warehouse with Sale-Leaseback
8787 Enterprise Blvd, Largo, FL 33773
For Sale
$3,000,000
At closing, the buyer may take possession immediately or continue occupancy under a brief NNN lease.
Property Size20,000 SF
Price / SF$150
Days on Market50
Property Features for 8787 Enterprise Blvd
General Information
Standard status
Size
Property subtype
Amenities
Short Term Sale Leaseback - Up to 9 months. Single Tenant.
Market rent on a NNN lease to be deducted off purchase price
20,000 Net SF on 1.25 Acres. Located just of Ulmerton rd & Starkey.
Building Details
Building Size
Year Built
Listing Agency:
Tampa Office
Listed By:
James Defusto
(813) 387-4784
Source:
Marcusmillichap
Added: Sep 24
Changed: Nov 3
Last Checked: Nov 12 at 4:09AM
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 Tampa Office
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Investment Insights
Based on property information with market context.
The warehouse is offered with two closing delivery paths: vacant possession or a short-term sale-leaseback. If the leaseback is selected, the NNN term may run for up to nine months, with specific lease provisions subject to negotiation. The property is located at 8787 Enterprise Boulevard in Largo, Florida.
Key Highlights
- Vacant delivery is available at closing
- Optional NNN sale‑leaseback term of up to nine months
- Lease provisions are negotiable
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,429
Cap Rate
5.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,368,580
$3.4M
Cap Rate 7%
$2,406,129
$2.4M
Cap Rate 9%
$1,871,433
$1.9M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$208.8K $10.44/SF
− Vacancy
−$10.6K −$0.53/SF
EGI
$198.2K $9.91/SF
− OpEx
−$29.7K −$1.49/SF
NOI
$168.4K $8.42/SF
Area
Pinellas County, FL
Vacancy
5.10%
Lease Rate
$10.44 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,368,580
Cap Rate 7%
$2,406,129
Cap Rate 9%
$1,871,433
Alternative Uses
Best Use
Warehouse
$2.41M
$2.11M – $2.81M
NOI $168,429 @ 7.0% cap · market cap 5.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $364,151 @ 7.0% cap · market cap 12.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,064
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33773, FL
17,494
Population
8,353
Households
2.1
Avg Household Size
48
Median Age
31%
College-Educated
91%
High-School Grad
5.1 sq mi
ZIP Area
3,430
Density / Sq Mi
$74,115
Median Household Income
$46,759
Median Earnings
$1,567
Median Rent
$280,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Largo, FL
Properties on Market for Warehouses in Largo
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Stanford Storage — 7950 118th Ave N, Largo, FL 33773
- Self-Storage at U-Haul — 12420 Starkey Rd, Largo, FL 33773
- Iron Mountain — 12855 Starkey Rd, Largo, FL 33773
- Honey Bee RV Storage Largo — 13188 93rd St N, Largo, FL 33773
- Pinellas Warehousing & Fulfillment — 9310 Ulmerton Rd Bldg 3 Suite 200, Largo, FL 33771
Frequently Asked Questions
What type of property is this?
Warehouse - At closing, the buyer may take possession immediately or continue occupancy under a brief NNN lease.
Where is this warehouse located?
The property is located at 8787 Enterprise Blvd Largo, FL.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Vacant delivery is available at closing; Optional NNN sale‑leaseback term of up to nine months; Lease provisions are negotiable
