Industrial Manufacturing Investment
13555-13595 SE 31st Ave Summerfield, FL 34491
13555-13595 SE 31st Ave, Summerfield, FL, 34491
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For Sale
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Two leased industrial buildings totaling about 22,175 SF on a fenced 2.47-acre site with drive-in access and outdoor storage.
Property Size22,175 SF
Lot Size2.47 Acres
Price / SF$175.87
Days on Market55
Property Features for 13555-13595 SE 31st Ave
General Information
- Standard status
- Active
- Size
- 22,175 SF
- Lot size
- 2.47 Acres
- Property subtype
- Industrial
Listing agency
Gus Galloway Realty, Inc.
(352) 572-9109
Listed by
Nolan Galloway · License #BK3057213
Source
Crexi
Added: May 29 Updated: Jul 20 at 5:17PM Checked: Jul 21 at 5:10AM
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 Gus Galloway Realty, Inc.
Investment Insights
Based on property information with market context.
The property includes two industrial buildings totaling approximately 22,175 SF of office and warehouse space, consisting of a 5,000 SF building and a 17,175 SF building. The site offers drive-in access for loading and maneuverability, along with a fully fenced yard that supports secure outdoor storage. Improvements reported include new roofs, new asphalt paving, new roll-up doors, updated lighting throughout, and newly renovated office buildouts.
The asset is located at 13555–13595 SE 31st Ave in Summerfield and is positioned on 2.47± acres. The property is under a six-year, four-month triple net lease term that commenced on December 1, 2025, and is described as leased to a credit tenant. M-2 Industrial zoning permits a wide range of industrial and manufacturing uses, including outdoor storage.
Additional site and utility features include 3-phase power and well and septic service, with ample yard area and functional warehouse layouts designed to accommodate industrial operations.
The asset is located at 13555–13595 SE 31st Ave in Summerfield and is positioned on 2.47± acres. The property is under a six-year, four-month triple net lease term that commenced on December 1, 2025, and is described as leased to a credit tenant. M-2 Industrial zoning permits a wide range of industrial and manufacturing uses, including outdoor storage.
Additional site and utility features include 3-phase power and well and septic service, with ample yard area and functional warehouse layouts designed to accommodate industrial operations.
Key Highlights
- Triple net lease to a credit tenant with 6 years and 4 months remaining; lease commenced December 1, 2025
- Current year base rent is $273,861.25 ($12.35 PSF plus NNN) with 4% annual increases to base rent
- Two industrial buildings totaling approximately 22,175 SF (5,000 SF and 17,175 SF) on a 2.47± acre fenced site
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 | $380.5k | $17.16 |
| − Vacancy | −$17.1k | −$0.77 |
| EGI | $363.4k | $16.39 |
| − OpEx | −$54.5k | −$2.46 |
| NOI | $308.9k | $13.93 |
22,175 SF · lease $17.16/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$4.41M
$3.86M – $5.15M
NOI $308,890 @ 7.0% cap · market cap 7.92%
Second Best
Industrial
$3.63M
$3.18M – $4.24M
NOI $254,380 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$12.11M
$10.60M – $14.13M
NOI $847,646 @ 7.0% cap · market cap 21.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Manufacturing properties
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Two leased industrial buildings totaling about 22,175 SF on a fenced 2.47-acre site with drive-in access and outdoor storage.
Where is this warehouse located?
The property is located at 13555-13595 SE 31st Ave Summerfield, FL.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Triple net lease to a credit tenant with 6 years and 4 months remaining; lease commenced December 1, 2025; Current year base rent is $273,861.25 ($12.35 PSF plus NNN) with 4% annual increases to base rent; Two industrial buildings totaling approximately 22,175 SF (5,000 SF and 17,175 SF) on a 2.47± acre fenced site
