Specialty Flex Building on
12701 NW 38th Ave, Reddick, FL 32686
For Sale
$149,900
Versatile 1-acre property with an auditorium, office, and restrooms plus storage buildings and RV hookup.
Property Size1,514 SF
Lot Size1.00 Acre
Price / SF$99.01
Days on Market151
Property Features for 12701 NW 38th Ave
General Information
Standard status
Size
Lot size
Zoning
Additional Details
Road Access
Building Details
Year Built
Listing Agency:
PREFERRED PROPERTIES OF CEN/FL
Listed By:
Mark Daconta · License FL #3099925
(352) 425-8416
Source:
Livewelltampabay
Added: Jun 15
Changed: Oct 25
Last Checked: Oct 7 at 4:13PM
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 PREFERRED PROPERTIES OF CEN/FL
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Investment Insights
Based on property information with market context.
This 1,514-square-foot building on approximately 1 acre offers a flexible configuration designed to support multiple uses. The interior includes a large auditorium, an entry room, a business office, and two restrooms. Beyond the main structure, the property includes two storage buildings and has an RV hookup available.
The site is located on a paved country road in Reddick and includes part of the land that is uncleared with trees. The property backs up to additional acreage, providing additional privacy. Outdoor amenities include a well and septic servicing the site, and a large modular office trailer is also available for sale separately, if requested.
With A1 zoning, the building can be considered for uses such as a wedding venue and reception hall, a place of worship, a workshop, and/or storage. Buyers seeking a multifunction facility will also appreciate the existing auditorium and office components, along with on-site storage capacity and the option to incorporate the modular office trailer for additional working space.
The site is located on a paved country road in Reddick and includes part of the land that is uncleared with trees. The property backs up to additional acreage, providing additional privacy. Outdoor amenities include a well and septic servicing the site, and a large modular office trailer is also available for sale separately, if requested.
With A1 zoning, the building can be considered for uses such as a wedding venue and reception hall, a place of worship, a workshop, and/or storage. Buyers seeking a multifunction facility will also appreciate the existing auditorium and office components, along with on-site storage capacity and the option to incorporate the modular office trailer for additional working space.
Key Highlights
- 1,514 SF building on 1 acre of A1 property in Reddick with multiple‑use flexibility
- Building includes a large auditorium, entry room, business office, and two restrooms
- Two storage buildings on‑site plus an RV hookup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,521
Cap Rate
8.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,420
$250.4K
Cap Rate 7%
$178,871
$178.9K
Cap Rate 9%
$139,122
$139.1K
Market Conditions
NOI Build-Up for 1,514 SF
Gross rent
$20.9K $13.80/SF
− Vacancy
−$1.6K −$1.08/SF
EGI
$19.3K $12.72/SF
− OpEx
−$6.7K −$4.45/SF
NOI
$12.5K $8.27/SF
Area
Marion County, FL
Vacancy
7.80%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$250,420
Cap Rate 7%
$178,871
Cap Rate 9%
$139,122
Alternative Uses
Best Use
Industrial
$248.1K
$217.1K – $289.5K
NOI $17,368 @ 7.0% cap · market cap 11.59%
Second Best
Flex RnD
$178.9K
$156.5K – $208.7K
NOI $12,521 @ 7.0% cap · market cap 8.35%
Theoretical Best
Office A
$826.8K
$723.4K – $964.6K
NOI $57,873 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
27
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32686, FL
4,339
Population
2,691
Households
1.6
Avg Household Size
51
Median Age
16%
College-Educated
91%
High-School Grad
72.5 sq mi
ZIP Area
60
Density / Sq Mi
$46,793
Median Household Income
$30,265
Median Earnings
$862
Median Rent
$279,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Marion County, FL
Properties on Market for Flex space in Marion County
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile 1-acre property with an auditorium, office, and restrooms plus storage buildings and RV hookup.
Where is this flex space located?
The property is located at 12701 NW 38th Ave Reddick, FL.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 1,514 SF building on 1 acre of A1 property in Reddick with multiple‑use flexibility; Building includes a large auditorium, entry room, business office, and two restrooms; Two storage buildings on‑site plus an RV hookup
