Commercial Property with Warehouse, Office,
12114 Krocus Street Fountain, FL 32438
12114 Krocus Street, Fountain, FL, 32438
$529,000
For Sale
$529,000
Commercial property featuring warehouse, office, and residential spaces.
Property Size5,324 SF
Lot Size1.37 Acres
Price / SF$99.36
Days on Market139
Property Features for 12114 Krocus Street
General Information
- Standard status
- Active
- Size
- 5,324 SF
- Lot size
- 1.37 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1979
Listing Agency
KELLER WILLIAMS SUCCESS REALTY
(850) 249-0313
Listed by
DENNIS NELSON · License #SL3379289
Source
Corcoran
Added: Mar 3 Updated: Jul 6 at 9:53 am Checked: Jul 20 at 3:35 am
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 KELLER WILLIAMS SUCCESS REALTY
Investment Insights
Based on property information with market context.
This commercial property offers an opportunity for a business headquarters, featuring warehouse, office, and residential spaces. The property is located off Highway 231, providing access to Panama City, Highway 20, and Interstate 10. The property size is almost 1.5 acres, allowing for parking and outdoor storage. The property includes two main warehouses totaling 3200 sq ft, featuring concrete floors, overhead doors, and lighting. An additional storage structure provides 1500 sq ft of space. The property has three 4' deep wells. The main office is updated and has room for several workstations, a restroom, and a storage room. There are detached living quarters comprised of two separate units: a 2-bedroom, 1-bath unit and a 1-bedroom, 1-bath unit. Both units have kitchens. The property is comprised of three parcels, all with Commercial C-3 Zoning.
Key Highlights
- Excellent commercial location with easy access to Highway 231, Hwy 20, and Interstate 10.
- C‑3 Commercial Zoning across 3 parcels.
- Two main warehouses totaling 3200 sq ft with concrete floors, overhead doors, and lighting.
Local 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 | $50.5k | $9.48 |
| − Vacancy | −$3.0k | −$0.57 |
| EGI | $47.4k | $8.91 |
| − OpEx | −$7.1k | −$1.34 |
| NOI | $40.3k | $7.57 |
5,324 SF · lease $9.48/SF/yr · vacancy 6.00% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.28M
$1.12M – $1.49M
NOI $89,519 @ 7.0% cap · market cap 16.92%
Second Best
Mixed Use
$770.1K
$673.8K – $898.4K
NOI $53,906 @ 7.0% cap · market cap 10.19%
Theoretical Best
Office A
$1.55M
$1.36M – $1.81M
NOI $108,586 @ 7.0% cap · market cap 20.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Commercial property featuring warehouse, office, and residential spaces.
Where is this mixed-use property located?
The property is located at 12114 Krocus Street Fountain, FL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Excellent commercial location with easy access to Highway 231, Hwy 20, and Interstate 10.; C‑3 Commercial Zoning across 3 parcels.; Two main warehouses totaling 3200 sq ft with concrete floors, overhead doors, and lighting.
