Land with Metal Workshop
For Sale
$99,500
5620 LASSEN Street, Keystone Heights, FL 32656
LAND - Keystone Heights, FL
Property Size700 SF
Lot Size1.21 Acres
Price / SF$142.14
Days on Market14
Property Features for 5620 LASSEN Street
General Information
Property type
Land
Property subtype
Other
Zoning description
Single Family
Subdivision
Big Tree Lakes
Directions
From SR21/CR352 take CR352 for 2.5 miles, take right on Monongahela Ave and left on Lassen St. Property on Right
Standard status
Active
APN
14082300143707200
Lot size
1.21 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
849
Utilities
Sewer type
Septic Tank
Water source
Well
Listing Agency:
TREVOR WATERS REALTY, INC.
(352) 473-7777
Listed By:
Branden Waters · License #3349536
(352) 222-2888
Added: Jul 23
Last Checked: Aug 5 at 3:06PM
MLS# 2156755
Copyright © 2026 realMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1+ acre property is set up for immediate use, with power, a private well, septic, and a hard-packed circular driveway. A 20' x 35' metal building on a concrete slab includes a high-bay door and utility services, making it suitable as a workshop, garage, or storage space. The land includes both cleared areas and mature trees to provide privacy while still leaving room for an additional build.
Located near Keystone Heights, the property offers convenient access to shopping and restaurants, with nearby opportunities for lakes, boating, fishing, kayaking, and Gold Head Branch State Park.
Overall, the combination of site improvements and an existing slab-mounted metal building provides a practical foundation for buyers looking to build now or use the improvements right away.
Located near Keystone Heights, the property offers convenient access to shopping and restaurants, with nearby opportunities for lakes, boating, fishing, kayaking, and Gold Head Branch State Park.
Overall, the combination of site improvements and an existing slab-mounted metal building provides a practical foundation for buyers looking to build now or use the improvements right away.
Key Highlights
- 1+ acre property with power, private well, and septic already in place
- Hard‑packed circular driveway for convenient access
- 20' x 35' metal building on a concrete slab with a high‑bay door
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $7.5k | $10.68 |
| − Vacancy | −$411 | −$0.59 |
| EGI | $7.1k | $10.09 |
| − OpEx | −$1.1k | −$1.51 |
| NOI | $6.0k | $8.58 |
700 SF · lease $10.68/SF/yr · vacancy 5.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$85.8K
$75.1K – $100.1K
NOI $6,005 @ 7.0% cap · market cap 6.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.7K
$163.4K – $217.8K
NOI $13,070 @ 7.0% cap · market cap 13.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 32656, FL
14,686
Population
6,565
Households
2.2
Avg Household Size
44
Median Age
22%
College-Educated
90%
High-School Grad
70.1 sq mi
ZIP Area
210
Density / Sq Mi
$73,201
Median Household Income
$40,985
Median Earnings
$1,068
Median Rent
$202,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - 1+ acre parcel with power, private well, septic, and a 20' x 35' metal building on a slab.
Where is this residential land & home lot located?
The property is located at 5620 LASSEN Street Keystone Heights, FL.
What is the asking price?
The asking price for this property is $99,500.
What are key features of this property?
This property features: 1+ acre property with power, private well, and septic already in place; Hard‑packed circular driveway for convenient access; 20' x 35' metal building on a concrete slab with a high‑bay door
