1600 Sr 590 Safety Harbor, FL 34695
This exceptional 10.49-acre industrial property in Safety Harbor, Pinellas County, Florida, presents a compelling investment opportunity. The complex comprises three buildings totaling 110,266 square feet, constructed between 1965 and 1971, and zoned M-1 Light Industrial. Building 1 boasts 72,500 square feet of warehouse space, complemented by 4,964 square feet of office space. Building 2 offers 7,200 square feet of smaller bay warehouse units, each featuring a 10-foot overhead door and grade-level loading, along with a 5,112 square foot canopy for covered parking and loading. Building 3, situated on 3.5 acres, is fully leased to a yard waste transfer business. The property benefits from two entrances/exits on SR-590, providing excellent accessibility. Additional features include ample outdoor storage space suitable for various vehicles and equipment, and a cell tower leased to Crown Castle until June 2038, generating consistent rental income. Its location offers proximity to SR-60/Courtney Campbell Causeway and adjacent railroad access. The property is fully fenced for enhanced security. This presents a value-add opportunity with potential for rent increases, repositioning, redevelopment, or owner-user occupancy. The property's desirable location in the high-growth market of Pinellas County makes it an attractive investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.