Specialty Flex Building on
12701 Nw 38th Ave Reddick, FL 32686
12701 Nw 38th Ave, Reddick, FL, 32686
$149,900
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 Market340
Property Features for 12701 Nw 38th Ave
General Information
- Standard status
- Active
- Size
- 1,514 SF
- Lot size
- 1.00 Acre
Listing Agency
PREFERRED PROPERTIES OF CEN/FL
(352) 425-8416
Listed by
Mark Daconta · License #3099925
(352) 425-8416
Source
Exprealty
Added: Aug 16, 2025 Updated: Jul 10 at 4:00 pm Checked: Jul 20 at 5:50 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 PREFERRED PROPERTIES OF CEN/FL
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
Local Financial Insights For Flex RnD
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 | $20.9k | $13.80 |
| − Vacancy | −$1.6k | −$1.08 |
| EGI | $19.3k | $12.72 |
| − OpEx | −$6.7k | −$4.45 |
| NOI | $12.5k | $8.27 |
1,514 SF · lease $13.80/SF/yr · vacancy 7.80% · expense 35.00%
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 · market cap 38.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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
