11801 28th Street North Unit 2 — Lease in St. Petersburg, FL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: St. Petersburg, FL 33716
  • Size: 12,418 SF
  • Year built: 1985

Description

12,418 square foot front park, rear load industrial building with 5,850 square feet of office, 17'8" clear height, one dock well with leveler, 2 grade level loading doors, 600+ amp 3-phase power, 25 parking spaces on a .95 acre MOL site with 28th Street North frontage. The roof was replaced in January of 2026. Excellent "Gateway" location on the NE corner of 28th Street North and 118th Avenue North, St. Petersburg, FL. Building SF: 12418 | Land Size: 0.95 Ac | Year Built: 1985 | Listing Type: FOR LEASE

Market Context

This industrial in St. Petersburg, FL is listed for lease across 12,418 SF. The building dates to 1985. It has been on the market for 71 days. Compare it against other industrial listings for lease in St. Petersburg, FL — view the full market.

As of Q1 2026, the Tampa industrial market showed a 7.3% vacancy rate, rents up 6.4% year over year, and cap rates around 7.6%. Source: multiple brokerage reports, Q1 2026.

Rising rents point to a competitive market where well-priced, well-located space leases quickly.

Industrial market FAQ

What is the typical cap rate for industrial in Tampa?
About 7.6% as of Q1 2026, per multiple brokerage reports.
Is the Tampa industrial market tightening or softening?
Vacancy is around 7.3%, with asking rents rising year over year (Q1 2026).

Estimated Market Rate

$0.86/SF/mo – $1.16/SF/mo

Mid: $1.01/SF/mo

Estimated total for 12,418 SF: $12,542 per month

Cost-of-business estimate only; rate estimator unavailable.

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