3291 118th Ave North - FLse — Lease in St. Petersburg, FL

  • Price: Contact for price
  • Listing type: For lease
  • Asset type: Industrial Property
  • Location: St. Petersburg, FL 33716
  • Size: 15,000 SF
  • Year built: 1985

Description

This 15,000± square-foot multitenant office/warehouse was built in 1985 of concrete block construction. The available 5,100± square-foot unit is on the southern endcap and provides 1,230± square feet of well-appointed office/showroom, 3,870± square feet of very clean warehouse, 13.3' clear height, 2 restrooms, LED lighting, and 200± amps of power (120/240v Single Phase & 120/240v 3-Phase). Loading is served via 2 grade level doors (one measuring 10'h x 12'w on the east side of the building and one @ 13.4’h x 12’w on the south side of the building). Building SF: 15000 | Land Size: 1.38 Ac | Year Built: 1985 | Listing Type: FOR LEASE

Market Context

This industrial in St. Petersburg, FL is listed for lease across 15,000 SF. The building dates to 1985. It has been on the market for 70 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 15,000 SF: $15,150 per month

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

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