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Workshop/Warehouse 4810 110th Ave 14,971 SF 100% Leased Industrial Building Pinellas Park, FL 33762 $3,061,247 CAD ($204.48 CAD/SF) 7.39% Cap Rate
Investment Highlights
- Flexible Layouts: Scalable unit configurations maximize space utilization and improve tenant retention.
- Supply-Constrained Market: Capitalizes on a severe regional shortage of functional workshop and storage spaces.
- High-Demand Unit Sizes: The uniform 100–2,000 SF layout commands premium rental rates from service providers.
Executive Summary
An exceptional opportunity to acquire a 15,175 SF storage and workshop complex across 36 units in the premier Mid-Pinellas industrial submarket. Strategically located at 4810 110th Ave N, Pinellas Park, FL 33762, the property features highly versatile M-1 (Light Industrial) zoning.
The complex is currently 100% occupied by approximately 26 active tenants. The layout offers built-in operational flexibility, allowing multiple units to be combined to accommodate scaling businesses. Offered at $2,220,000 ($146.29 SF), the portfolio delivers an immediate Net Operating Income (NOI) of $163,952 at a 7.38% Cap Rate. This high-yielding investment boasts an elite, near-100% occupancy track record in a supply-constrained market.
The complex is currently 100% occupied by approximately 26 active tenants. The layout offers built-in operational flexibility, allowing multiple units to be combined to accommodate scaling businesses. Offered at $2,220,000 ($146.29 SF), the portfolio delivers an immediate Net Operating Income (NOI) of $163,952 at a 7.38% Cap Rate. This high-yielding investment boasts an elite, near-100% occupancy track record in a supply-constrained market.
Property Facts
| Price | $3,061,247 CAD | Lot Size | 0.85 AC |
| Price Per SF | $204.48 CAD | Rentable Building Area | 14,971 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7.39% | Year Built | 1983 |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 24 |
| Building Class | B | ||
| Zoning | I - Pinellas Park - M-1 (see attached zoning) | ||
| Price | $3,061,247 CAD |
| Price Per SF | $204.48 CAD |
| Sale Type | Investment |
| Cap Rate | 7.39% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 0.85 AC |
| Rentable Building Area | 14,971 SF |
| No. Stories | 1 |
| Year Built | 1983 |
| Clear Ceiling Height | 14’ |
| No. Drive In / Grade-Level Doors | 24 |
| Zoning | I - Pinellas Park - M-1 (see attached zoning) |
Amenities
- 24 Hour Access
- Air Conditioning
Utilities
- Lighting
- Water
- Sewer
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 16-30-16-69732-400-3401 | Improvements Assessment | $1,260,448 CAD |
| Land Assessment | $608,016 CAD | Total Assessment | $1,868,464 CAD |
Property Taxes
Parcel Number
16-30-16-69732-400-3401
Land Assessment
$608,016 CAD
Improvements Assessment
$1,260,448 CAD
Total Assessment
$1,868,464 CAD
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Workshop/Warehouse | 4810 110th Ave
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