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    355 Douglas E Rd Oldsmar, FL 34677-2922

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    355 Douglas E Rd Oldsmar, FL 34677-2922

    View on Map
    • Manufacturing properties
    • 21,000 SF
    • 1.56 lot acres
    Off-Market
    Property ID
    US18-3044497
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $2,905,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Rapid Response Team / General Contractor / Renovation Specialist

    Property Details for 355 Douglas E Rd

    Year built
    1984
    Construction
    FRAME
    Lot size
    1.56 lot acres
    Property size
    21,000 SF
    Property type
    Manufacturing properties
    APN
    24-28-16-00000-210-0600
    APU
    242816000002100600

    Description

    This exceptional 21,000-square-foot industrial property in Oldsmar, Florida, presents a unique leasing opportunity. Situated on a 1.56-acre lot, this single-tenant building boasts a flexible layout suitable for manufacturing, warehouse, or flex uses. Built in 1984 and extensively renovated in 2024, the property features a 11'-17' clear ceiling height, providing ample vertical space. Ten (10) grade-level loading doors, some measuring 14' wide by 14' high, ensure efficient loading and unloading. The building also includes 2,975 square feet of office space and substantial power (1,000 amps, 3-phase). Parking is abundant with 45 paved spaces. The fully fenced site is zoned M-1 (City of Oldsmar) within Pinellas County and offers above-standard parking and loading capabilities. This Class C building is ready for immediate occupancy. The property's location on the south side of Douglas Road East provides excellent accessibility. This is a NNN lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,905,000
      Market price range: $2.91M - $4.21M
      AI Estimate
      $2,905,000
      Market price range: $2.91M - $4.21M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,495,000
      Current use
      RETAIL STORES
      $4,635,000
      Change: +33% Conversion: Moderate
      WAREHOUSE, STORAGE
      $4,525,000
      Change: +29% Conversion: Easy

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oldsmar
    County
    Pinellas
    State
    Florida
    Longitude
    -82.6567
    Latitude
    28.0411
    CBSA code
    45300
    CBSA name
    TAMPA-ST. PETERSBURG-CLEARWATER, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $19,979
    $0.00
    $0.00
    $1,255,000
    -
    $563,006
    $691,994
    $1,255,000

    Comparable in this City

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      50,598 SF

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    • Value Estimation
      $1,090,000
      7,890 SF

      130 Avon St

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    • Value Estimation
      $1,030,000
      7,440 SF

      237 Dunbar Ct

      MANUFACTURING (LIGHT) • 7,440 SF
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    • Value Estimation by Request
      2,400 SF

      306 Marlborough St

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    • Value Estimation
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      6,175 SF

      340 Mears Blvd

      MANUFACTURING (LIGHT) • 6,175 SF
      340 Mears Blvd, Oldsmar, FL 34677-3047
      View Details
    • Value Estimation
      $2,240,000
      16,200 SF

      306 Mears Blvd

      MANUFACTURING (LIGHT) • 16,200 SF
      306 Mears Blvd, Oldsmar, FL 34677-3047
      View Details

    Similar Nearby for Sale

    • $1,750,000
      6,100 SF

      Renovated Flex Space in Oldsmar

      Turn-key flex industrial/office property with recent improvements, ideal for investors.
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      7,052 SF

      7,052 SF Flex Space Available

      Flex space with office, fenced lot, and multiple doors.
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    • $980,000
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      Oldsmar Industrial/Self Storage Opportunity

      8,760 SF industrial property in Oldsmar, Florida for sale.
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      5,280 SF

      Oldsmar Industrial Property For Sale

      Industrial property available in Oldsmar, Florida, totaling 5,280 square feet.
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      Oldsmar Industrial Land For Sale

      5.6 acre industrial land with 2.21 buildable acres.
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    Similar Nearby for Lease

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      32,000 SF

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      32,000 SF warehouse space with dock-high doors available 2025.
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      2,125 SF

      Oldsmar Industrial Space Available

      2,125 SF industrial space for lease in Oldsmar, Florida.
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      85,000 SF

      Industrial Space Available For Sublease

      Sublease opportunity with subdivision potential and air conditioning.
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      94,000 SF

      Warehouse Distribution Building For Rent

      94,000 square foot warehouse distribution building available for rent.
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      42,000 SF

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      Oldsmar Flex Space Available

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      View Details
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    Oldsmar, FL 34677-2922
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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.

    More about this property
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