What are warehouses selling for in Pinellas, Pasco, Polk and Manatee?
In the two years to September 30, 2026, the median recorded warehouse sale was $154 PSF in Pinellas, $142 in Pasco, $102 in Polk and $213 in Manatee, against $164 in Hillsborough. Manatee sold highest per foot and Polk lowest.
Five counties, side by side
414 arm's-length warehouse sales were recorded across the five counties in those two years. The table is per SF of building, so a small building and a big one can be compared, but a county's median still mixes both. Read it next to the size table below.
| County | Sales | Low PSF | Median PSF | High PSF | Cap rate |
|---|---|---|---|---|---|
| Hillsborough | 144 | $120 | $164 | $209 | — |
| Pinellas | 82 | $123 | $154 | $190 | — |
| Pasco | 41 | $106 | $142 | $185 | — |
| Polk | 64 | $82 | $102 | $128 | — |
| Manatee | 83 | $154 | $213 | $247 | — |
| All five | 414 | $117 | $158 | $210 | — |
Arm's-length sales of warehouse parcels (Florida DOR use code 048) recorded October 1, 2024 to September 30, 2026, the newest September 24, 2026: the price over the building's SF on the 2026 tax roll. One sale per parcel, counted once though the county and the state both record it; a sale of several parcels on one deed left out. Low and high are the 25th and 75th percentiles. A deed records a price, not the rent, so the book holds no cap rate for these sales: —.
Size moves the price more than the county
In Hillsborough, where the most sales are, a building under 10,000 SF sold for a median $197 PSF and one of 50,000 to 100,000 SF for $116. That gap is wider than the gap between most of the counties.
| Building size | Sales | Median PSF |
|---|---|---|
| Under 10,000 SF | 59 | $197 |
| 10,000 to 25,000 SF | 52 | $156 |
| 25,000 to 50,000 SF | 12 | $130 |
| 50,000 to 100,000 SF | 12 | $116 |
| 100,000 SF and up | 9 | $133 |
The same Hillsborough sales, by the building's SF on the 2026 tax roll.
Plant City and Lakeland
Plant City sits on I-4 between Tampa and Lakeland, and its buildings sold for a median $156 PSF on 22 sales. Lakeland is in Polk, where the county median was $102. Both draw distribution users who want I-4 at a lower price than Tampa's.
Get a free broker opinion of value
Send the address and the size. We'll pull the recorded sales closest to your building in your county and send you a price range with those sales behind it, free.
A broker's opinion of value, written from recorded sales, free and with no listing agreement. It is not the report a lender orders; Florida Statute 475.612(3) is the line between the two.
Questions
Why does the table show no cap rate?
The book holds the recorded price of each sale, not the rent the building earned, so the cap rate is —. For a leased building, send the rent and we'll put your building in cap rate terms.
Do you cover Sarasota, Hernando and Citrus too?
Yes. This post prints Hillsborough and the four counties next to it. Send an address in any of the others and we'll pull that county's sales.
Are these asking prices?
No. Every number is a closed sale, recorded by the county, from October 1, 2024 to September 30, 2026.