Flex-Office-Warehouse - For Sale
10550 72nd Street Largo, FL 33777
Details & Description
Price: $2,575,000
  • Property Type Flex/Office Whs for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 15,000
  • Building Price per Sq Ft $171.67
  • CAP Rate % 5.60
Located in the highly desired heart of Pinellas County, 10550 72nd St. is a 15,000SF fully air-conditioned, multi-tenant flex building. The building is fully occupied with long and short-term tenants creating the opportunity for investors to come in and increase rates immediately. Conversely, there is a unique opportunity for an owner user to occupy one or more of the units and collect income from the tenants occupying the rest of the building. The property is zoned M-1 in the city limits of Pinellas Park. The city of Pinellas Park is one of Pinellas’ most business-friendly municipality. Market rents within the past 12 months have continued to rise due to the increased demand for flex space. We ask that you please do not disturb the tenants, but contact the listing agent to schedule property tours. Financials will be presented upon submission of NDA. The adjacent 10530 72nd St. can be purchased along with this property. The property is offered for sale with a 1 year proforma cap rate 5.6% or $2,575,000.
Property ID:    292661
Property URL: melqr.com/292661
Generated:    04-01-23
Property Highlights
Additional Photos
Listing Agents
Hayden Peiker

O: 727-822-4715
M: 727-480-5288
hayden@cprteam.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
Florida / Largo / 33777 / 10550 72nd Street

10550 72nd Street

Largo, FL 33777

Listing ID: 292661
$2,575,000
For Sale
  • Property Type Flex/Office Whs for Sale
  • Lot Size Acres 0.000
  • Building Sq Ft 15,000
  • Building Price per Sq Ft $171.67
  • CAP Rate % 5.60
  • 10550 72nd Street Largo, FL 33777 | for Sale | Photo 1
  • 10550 72nd Street Largo, FL 33777 | for Sale | Photo 2
  • 10550 72nd Street Largo, FL 33777 | for Sale | Photo 3
  • 10550 72nd Street Largo, FL 33777 | for Sale | Photo 4
10550 72nd Street | for Sale | Thumbnail 1
10550 72nd Street | for Sale | Thumbnail 2
10550 72nd Street | for Sale | Thumbnail 3
10550 72nd Street | for Sale | Thumbnail 4
Property Highlights
• Excellent Mid-Pinellas location.
• Multi-Tenant flex building 15,000SF +/-.
• Fully AC.
• 6 Tenants.
• 59 Parking Spaces/4:1,000sf.
• 8 grade level doors.
• Clear height 12’.
• Zoned M-1/Light Industrial.
Description

Located in the highly desired heart of Pinellas County, 10550 72nd St. is a 15,000SF fully air-conditioned, multi-tenant flex building. The building is fully occupied with long and short-term tenants creating the opportunity for investors to come in and increase rates immediately. Conversely, there is a unique opportunity for an owner user to occupy one or more of the units and collect income from the tenants occupying the rest of the building. The property is zoned M-1 in the city limits of Pinellas Park. 


The city of Pinellas Park is one of Pinellas’ most business-friendly municipality. Market rents within the past 12 months have continued to rise due to the increased demand for flex space. We ask that you please do not disturb the tenants, but contact the listing agent to schedule property tours. Financials will be presented upon submission of NDA. The adjacent 10530 72nd St. can be purchased along with this property. The property is offered for sale with a 1 year proforma cap rate 5.6% or $2,575,000.

Attachments & Files
10550-72nd-st-n-om-final-NGL-AlV.pdf

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Largo Area Market Trends

Listing Demographics for 10550 72nd Street Largo, FL 33777

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population8,59495,130258,366
Population Median Age454445
Population by Age0-9 Yrs877 (10%)8869 (9%)22695 (8%)
10-19 Yrs805 (9%)9549 (10%)24693 (9%)
20-29 Yrs761 (8%)9948 (10%)29481 (11%)
30-39 Yrs1113 (12%)12269 (12%)31613 (12%)
40-49 Yrs1052 (12%)11368 (11%)29360 (11%)
50-59 Yrs1330 (15%)14086 (14%)38761 (15%)
60-69 Yrs1167 (13%)13723 (14%)38379 (14%)
70+ Yrs1488 (17%)15319 (16%)43385 (16%)
Median HH Income$59,886$54,349$51,666
Total Household Income< 24K588 (17%)7334 (19%)22683 (21%)
25-49K782 (23%)10085 (26%)28298 (26%)
50-74K619 (18%)6717 (17%)19365 (18%)
75-99K393 (11%)4996 (13%)13232 (12%)
100-199K792 (23%)7182 (19%)17740 (16%)
200K+212 (6%)1332 (3%)3694 (3%)
Highest Education LevelNo Diploma596791022723
Diploma or GED21482220961159
Some College16531573344083
Assoc. Degree505764920193
Bachelors Degree10681310134122
Higher Degree639548815382
Total Housing Units3,79845,273127,971
--Owner-Occupied2,61626,84871,921
--Renter-Occupied77010,79733,090
Owner-Occupied Values< 100K584810821144
100-199K527873122036
200-299K813606517387
300-399K30122806935
400-499K1367061727
500K+2559572692
Total Working Age Population7,08880,045220,230
In Work Force4,47548,942129,558
Not In Work Force2,61331,10390,672
Workforce Employed4,18446,265122,335
Workforce Unemployed2782,3676,699
Civlian Workforce4,46248,632129,035
Military Workforce13310523
Total Households3,38737,645105,012
Family Households2,10022,60359,877
Non-Family Households1,28615,04245,135
Married Couple1,60016,54243,114
Other Family5006,06116,763
Married w/Child4985,08212,232
Single Male w/Child517862,303
Single Female w/Child1491,7195,046

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Florida15,982,378+1818,801,310+1421,517,610+1324,340,457
Pinellas County921,482-1916,542+7983,883+51,034,290

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Listing Location & Map Views
Other Flex-Office-Warehouse Listings for Sale Nearby
Address Price Sq Ft Acres
10530 72nd Street, Seminole, FL $2,475,000 15000 -
4765 Spring Avenue, Clearwater, FL $525,000 4600 0.46
10055 Seminole Boulevard, Seminole, FL $5,580,000 60000 13
12600 Automobile Boulevard, Clearwater, FL CALL 15440 1.31
12105 28th Street North, St Petersburg, FL $2,995,000 20572 0.47
2051 Gandy Blvd North, St Petersburg, FL CALL 51000 -
1509 49th Street South, Gulfport, FL $1,295,000 20000 1
5452 West Crenshaw Street, Tampa, FL $1,380,000 11700 0.12
6008 Main Street, New Port Richey, FL $499,999 3073 0.23
4300 North Washington Boulevard, Sarasota, FL $1,750,000 5715 0.34
Closest Commercial Airports
Airport Distance (mi)
Tampa International Airport (TPA) 15
Sarasota Bradenton International Airport (SRQ) 35
Orlando International Airport (MCO) 95
Listing Agent
Hayden Peiker - CRE Agent at

Hayden Peiker

Commercial Partners Real.

727-822-4715 (office)

727-480-5288 (mobile)

VIEW AGENT PROFILE

CLICK TO VISIT

CONTACT ME

More listings from Hayden Peiker
10530 72nd Street
Seminole, FL 33777
Primary photo of 10530 72nd Street, Seminole, FL
$2,475,000
  • Type Flex/Office Whs
  • Building Sq Ft 15,000
  • Lot Acres 0.000
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