Industrial/Flex Building with Office
For Sale
$450,000
1310 E Canal St, Mulberry, FL 33860
2,400 SF industrial/flex building with office space for sale.
Property Size2,400 SF
Price / SF$187.50
Days on Market101
Property Features for 1310 E Canal St
General Information
Standard status
Active
Size
2,400 SF
Class
C
Property subtype
Industrial - Flex - Industrial
Building Details
Building Size
2,400 SF
Year Built
1967
Year Renovated
1992
Units
1
Listing Agency:
The Ruthvens
(863) 686-3173
Listed By:
Abbas AJ Jaffer · License ##SL3634234
Source:
Commercialcafe
Added: May 21
Changed: Aug 26
Last Checked: Aug 29 at 6:28AM
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 The Ruthvens
Investment Insights
Based on property information with market context.
This 2,400 square foot industrial/flex building includes 975 square feet of office space. The property is zoned C-2 (Highway Commercial) and features four grade-level doors and a 14-foot clear height. It has 1-phase / 200 amp electrical service. The location is 35 miles from Tampa and 55 miles from Orlando, with a traffic count of 24,000 AADT.
Key Highlights
- Highway Commercial (C‑2) Zoning
- 2,400 SF Industrial/Flex Building with Office Space
- High Traffic Location: 24,000 AADT
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,917
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$258,340
$258.3K
Cap Rate 7%
$184,529
$184.5K
Cap Rate 9%
$143,522
$143.5K
Market Conditions
NOI Build-Up for 2,400 SF
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.
Gross rent
$21.6K $9.00/SF
− Vacancy
−$1.7K −$0.72/SF
EGI
$19.9K $8.28/SF
− OpEx
−$7.0K −$2.90/SF
NOI
$12.9K $5.38/SF
Area
Polk County, FL
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$258,340
Cap Rate 7%
$184,529
Cap Rate 9%
$143,522
Alternative Uses
Best Use
Flex RnD
$184.5K
$161.5K – $215.3K
NOI $12,917 @ 7.0% cap · market cap 2.87%
Second Best
Industrial
$163.6K
$143.1K – $190.8K
NOI $11,449 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$576.7K
$504.7K – $672.9K
NOI $40,372 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
136
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33860, FL
24,932
Population
9,649
Households
2.6
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
98.4 sq mi
ZIP Area
253
Density / Sq Mi
$62,779
Median Household Income
$37,688
Median Earnings
$1,150
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - 2,400 SF industrial/flex building with office space for sale.
Where is this flex space located?
The property is located at 1310 E Canal St Mulberry, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Highway Commercial (C‑2) Zoning; 2,400 SF Industrial/Flex Building with Office Space; High Traffic Location: 24,000 AADT
