Racetrack Road Flex/Industrial
9945 Race Track Road Tampa, FL 33626
For Sale
Contact for pricing
Industrial/flex property on Racetrack Road with showroom and office space.
Property Size15,844 SF
Lot Size1.05 Acres
Price / SF$170
Days on Market78
Property Features for 9945 Race Track Road
General Information
Standard status
Active
Size
15,844 SF
Lot size
1.05 Acres
Property subtype
Retail, Industrial, Mixed Use
Listing Agency:
KW Commercial NW Tampa
Listed By:
Alex Lucke, CCIM · License #SL3351552
Source:
Crexi
Added: May 14
Changed: Jul 10
Last Checked: Jul 29 at 2:46PM
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 KW Commercial NW Tampa
Investment Insights
Based on property information with market context.
Located on Racetrack Road in the Westchase/Oldsmar submarket, this property offers an industrial/flex opportunity. Constructed in 2000, the building has a metal frame and steel frame metal roof system. The property contains approximately 15,844 square feet situated on approximately 45,738 square feet of land with over approximately 240 feet of direct frontage. The building features a combination of warehouse, showroom, office, and covered loading areas. The layout includes approximately 13,364 square feet of warehouse and operational space featuring approximately 16’ clear to beam and approximately 18’ to 21’ clear to ceiling depending on building section. Loading capabilities include two 8’ x 8’ receiving doors, one 12’ x 12’ overhead door, six oversized 12’ x 16’ grade-level overhead doors, and three 7’ x 14’ receiving doors. The property also features two covered drive-through loading/carport areas with canopy heights reaching approximately 20’. The building is serviced by 480-volt three-phase power with multiple electrical panels designed for high-output industrial operations. The front portion of the building features approximately 1,570 square feet of showroom/display area with attached office space, along with approximately 964 square feet of second-floor mezzanine-style office overlooking the warehouse area. The property has excellent visibility, signage exposure, and access to Tampa Road, Hillsborough Avenue, and the Veterans Expressway.
Key Highlights
- Rare owner‑user industrial/flex opportunity in the Westchase/Oldsmar submarket with immediate occupancy.
- High visibility location on Racetrack Road with ±240 feet of frontage and high traffic counts (±19,200 AADT).
- Functional layout with ±13,364 SF of warehouse space, ±1,570 SF of showroom/display area, and ±964 SF of mezzanine office space.
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $290.9k | $18.36 |
| − Vacancy | −$16.0k | −$1.01 |
| EGI | $274.9k | $17.35 |
| − OpEx | −$41.2k | −$2.60 |
| NOI | $233.7k | $14.75 |
15,844 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.34M
$2.92M – $3.89M
NOI $233,662 @ 7.0% cap · market cap 8.68%
Second Best
Flex RnD
$2.99M
$2.61M – $3.49M
NOI $209,103 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$3.69M
$3.23M – $4.31M
NOI $258,384 @ 7.0% cap · market cap 9.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- LOKO Cuisine — 107 Dunbar Ave, Oldsmar, FL 34677
Frequently Asked Questions
What type of property is this?
Flex space - Industrial/flex property on Racetrack Road with showroom and office space.
Where is this flex space located?
The property is located at 9945 Race Track Road Tampa, FL.
What is the asking price?
The asking price for this property is $2,693,480.
What are key features of this property?
This property features: Rare owner‑user industrial/flex opportunity in the Westchase/Oldsmar submarket with immediate occupancy.; High visibility location on Racetrack Road with ±240 feet of frontage and high traffic counts (±19,200 AADT).; Functional layout with ±13,364 SF of warehouse space, ±1,570 SF of showroom/display area, and ±964 SF of mezzanine office space.
