Partially Completed Warehouse
11826 NE 62nd Terrace, Lady Lake, FL 32162
For Sale
$5,900,000
Modern metal construction in Village Park Center offers a flexible commercial building platform near major regional routes.
Property Size40,000 SF
Price / SF$147.50
Days on Market48
Property Features for 11826 NE 62nd Terrace
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Road Access
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
Loyd Robbins & Co
Listed By:
Loyd Robbins · License #3577625
(941) 356-9659
Source:
Commercialcafe
Added: Sep 21
Changed: Oct 26
Last Checked: Nov 6 at 5:32AM
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 Loyd Robbins & Co
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 40,000-square-foot metal warehouse building in Village Park Center was constructed in 2025 and is approximately 55% complete. The facility offers a flexible interior platform for warehouse, distribution, sports complex, or other commercial operations, with contemporary construction intended to support varied business requirements.
The property is located at 11826 NE 62nd Terrace in Lady Lake, near The Villages. It is positioned off E County Rd 466, approximately 2.5 miles east of US 301 and 7 miles east of I-75. County Road 466 provides access through the surrounding commercial area, while the nearby regional routes connect the property with Ocala, Gainesville, Orlando, and the broader Central Florida market.
The property is located at 11826 NE 62nd Terrace in Lady Lake, near The Villages. It is positioned off E County Rd 466, approximately 2.5 miles east of US 301 and 7 miles east of I-75. County Road 466 provides access through the surrounding commercial area, while the nearby regional routes connect the property with Ocala, Gainesville, Orlando, and the broader Central Florida market.
Key Highlights
- 40,000 SF metal warehouse building
- Constructed in 2025
- Approximately 55% complete
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$463,162
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,263,240
$9.3M
Cap Rate 7%
$6,616,600
$6.6M
Cap Rate 9%
$5,146,244
$5.1M
Market Conditions
NOI Build-Up for 40,000 SF
Gross rent
$576.0K $14.40/SF
− Vacancy
−$31.1K −$0.78/SF
EGI
$544.9K $13.62/SF
− OpEx
−$81.7K −$2.04/SF
NOI
$463.2K $11.58/SF
Area
Sumter County, FL
Vacancy
5.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,263,240
Cap Rate 7%
$6,616,600
Cap Rate 9%
$5,146,244
Alternative Uses
Best Use
Warehouse
$6.62M
$5.79M – $7.72M
NOI $463,162 @ 7.0% cap · market cap 7.85%
Second Best
Industrial
$5.45M
$4.77M – $6.36M
NOI $381,427 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$11.45M
$10.02M – $13.36M
NOI $801,600 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32162, FL
51,905
Population
37,824
Households
1.4
Avg Household Size
74
Median Age
42%
College-Educated
98%
High-School Grad
22.8 sq mi
ZIP Area
2,277
Density / Sq Mi
$73,927
Median Household Income
$27,310
Median Earnings
$1,497
Median Rent
$358,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Modern metal construction in Village Park Center offers a flexible commercial building platform near major regional routes.
Where is this warehouse located?
The property is located at 11826 NE 62nd Terrace Lady Lake, FL.
What is the asking price?
The asking price for this property is $5,900,000.
What are key features of this property?
This property features: 40,000 SF metal warehouse building; Constructed in 2025; Approximately 55% complete
