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    Industrial Land with Truck Access Title is generated by Realmo AI

    1080 DUCK BOX ROAD, Umatilla, FL 32784

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    For Sale
    $1,376,000

    Industrial land in Umatilla’s Gateway Commerce Center with city water, 3-phase power, and zoning that supports many commercial and industrial uses.

    Type:Land or Vacant Lot
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:03 am

    Property Features for 1080 DUCK BOX ROAD

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    LOGAN WILSON
    LOGAN WILSON

    Listing agent LOGAN WILSON License #3248440

    Listing office RLW REALTY

    Listing date Jun 3, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of RLW REALTY

    HighLights

    • Industrial/commercial land in Umatilla’s Gateway Commerce Center, located just off SR 19 (North Lake County’s primary north/south roadway)
    • In city limits of Umatilla with city water and 3‑phase power
    • IPUD zoning ordinance allows a wide range of uses, including many commercial, trucking, outdoor storage, and manufacturing uses
    • Seller owns four contiguous parcels; this listing is for all four parcels
    • Development design supports easy ingress and egress for large delivery trucks and equipment

    Overview

    This offering consists of industrial/commercial land in Gateway Commerce Center in Umatilla. The seller is offering four contiguous parcels together. The development was designed to support straightforward ingress and egress for large delivery trucks and equipment. The site is located in city limits of Umatilla and benefits from city water service and 3-phase power.

    The property is positioned just off SR 19, which is described as North Lake County’s primary north/south roadway. Access is presented as convenient to Ocala, Umatilla, Eustis, Tavares, Mount Dora, and Leesburg. The remarks also indicate the location may serve as a service access point for The Villages.

    Zoning is identified as IPUD, with an attached zoning ordinance that includes a long list of acceptable uses. The remarks specifically note that most commercial uses, trucking-related uses, outdoor storage, and many manufacturing uses are permissible under the ordinance. The combination of contiguous parcels, truck-friendly development design, and utility availability makes this property a practical fit for operators seeking an industrial land site with flexible use potential to support service, storage, trucking, or manufacturing activity. Buyers should verify all information to their satisfaction.
    Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Umatilla
    County
    Lake
    State
    Florida
    Longitude
    -81.6854
    Latitude
    28.9435

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    FAQs

    What type of property is this?
    Industrial land - Industrial land in Umatilla’s Gateway Commerce Center with city water, 3-phase power, and zoning that supports many commercial and industrial uses.
    Where is this industrial land located?
    The property is located at 1080 DUCK BOX ROAD Umatilla, FL.
    What is the asking price?
    The asking price for this property is $1,376,000.
    What are key features of this property?
    This property features: Industrial/commercial land in Umatilla’s Gateway Commerce Center, located just off SR 19 (North Lake County’s primary north/south roadway); In city limits of Umatilla with city water and 3‑phase power; IPUD zoning ordinance allows a wide range of uses, including many commercial, trucking, outdoor storage, and manufacturing uses
    (352) 771-2560
    We can help!
    Listing Contact
    LOGAN WILSON
    LOGAN WILSON
    Real Estate License ID: 3248440
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1080 DUCK BOX ROAD, UMATILLA, FL 32784
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