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Property profile & analytics
OFF-MARKET Estimated value $645,000
Manufacturing properties

4181 116th N Ter Clearwater, FL 33762-4957

2,400 SF 0.5 ac lot Built 1984
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US18-5184466
Property summary
AI-generated overview

This exceptional investment opportunity presents a 8,280-square-foot industrial property in Clearwater, Florida, ideally suited for distribution, manufacturing, or warehousing. Located at 4181 116th Terrace N, 33762, this property boasts two buildings on a half-acre lot (22,200 sq ft), zoned M-1. The single-tenant, net-lease property features 2,400 square feet of office space and 5,880 square feet of warehouse space, with a 5-year lease expiring January 31, 2026, and three one-year renewal options. The warehouse includes two dock-high doors, 15-foot ceilings, and 14 parking spaces, including 4 covered spaces. Built between 1984 and 1988, the concrete and metal building offers ample space for storage, inventory, or manufacturing operations. The office area comprises several offices, a conference room, file room, kitchen, breakroom, and two restrooms. This property benefits from high visibility on 116th Terrace N and easy access to major thoroughfares, including US 19 and 118th Avenue N, placing it within a thriving commercial and industrial area with high traffic volume (35,500 VTD). The asking price is $1,325,000, resulting in a price per square foot of $160.02. This is a prime investment opportunity with strong tenant occupancy and a desirable location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1984
Construction CONCRETE BLOCKS
Total area 2,400 SF
Lot 0.5 ac (21,880 SF)
APN 15-30-16-29244-000-0170
UPID US18-5184466
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mecon Inc Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$643k
Blend (final) Blend
$645k
Owner & transaction history
116th Terrace LLC · 8 yrs held
116th Terrace LLC
since 2017
5 recorded transactions
2024
Price N/A
2022
Price N/A
2022
Price N/A
2017
$375,000
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $500,000 +28.4%
Office building $450,000 +16.0%
Neighborhood: shopping center $425,000 +8.8%
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