10040 18th N St Saint Petersburg, FL 33716-4215
Individually Owned
9-yr Hold
Free & Clear
Estimated value (blended)
$6.15M
Range $5.53M – $6.76M (±10%)
Property ID
US18-3802458
Property summary
AI-generated overview
This exceptional Class B industrial warehouse, located at 10040 18th Street North in St. Petersburg, Florida, offers a prime opportunity for businesses seeking flexible space options. The property boasts a total of 82,461 square feet, situated on a generous 5.09 acres of land. Multiple tenancy is available, with spaces ranging from a minimum of 17,525 square feet to a maximum contiguous space of 19,835 square feet. Currently, 37,360 square feet is vacant and ready for immediate occupancy. Built in 1998, the warehouse features a desirable 24-foot ceiling height, providing ample vertical storage capacity. The property is zoned EC and has an APN of 24-30-16-57484-004-0380. Ample power is available, with options including 800 Amps, 3-phase power and 1200 Amps, 3-phase power. Parking is provided at a ratio of 1.65 spaces per 10,000 square feet. This well-located warehouse in St. Petersburg, FL (zip code 33716) presents a compelling opportunity for businesses seeking efficient and versatile industrial space. Contact us today to learn more about leasing options.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
82,107 SF
Lot
5.74 ac (249,825 SF)
APN
24-30-16-57484-004-0380
UPID
US18-3802458
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Industrial Manufacturer Production Facility
-
Industrial Manufacturer Production Facility
-
Shipping Company Freight Service
-
Corporate Office
-
Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.55M
Blend (final)
Blend
$6.15M
Owner & transaction history
since 2017
5 recorded transactions
Zoning & alternative use
Top alternative use upside
Auto repair, garage
$28.7M
+44.7%
Neighborhood: shopping center
$26.1M
+31.8%
Office building
$24.4M
+23.2%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$6.15M
Value range
$5.53M – $6.76M
±10% around blend
Estimated value / SF
$75 / SF
Confidence
None
1 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
10
$5.53M
blend $6.15M
$6.76M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
82,107 SF
Lot area
5.74 ac
Year built
1998
Stories
1
APN
24-30-16-57484-004-0380
Assessed value
$7,800,000
Annual tax
$139,801
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$19.55M
Weighted, 0 comps · none confidence
Evidence
1 found
County-verified recorded sales
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$6.15M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 159 sales
$241
-69%
County 439 sales
$220
-66%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $75/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Auto Repair, Garage
Gross theoretical uplift
+45%
vs current-use indication
Neighborhood: Shopping Center
Office Building
Warehouse, Storage · current use
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 1 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$7.80M
Move the market yield to see immediate price impact.
Value / SF
$95
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$491k
$9.83M
$7.02M
$5.46M
$546k
$10.92M
$7.80M
$6.07M
$601k
$12.01M
$8.58M
$6.67M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
1 found
None confidence · county-verified
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$139,801
Tax year 2023
Assessed value
$7,800,000
Assessed 2023
Previous assessed
$6,800,000
+14.7% YoY
Effective rate
1.79%
On assessed value
Land market value
$1,062,839
Improvement market value
$6,737,161
Total market value
$7,800,000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Bathrooms
16
Total area
82,107 SF
Lot
5.74 ac (249,825 SF)
APN
24-30-16-57484-004-0380
UPID
US18-3802458
Jurisdiction
PINELLAS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
16
Lot
5.74 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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