Industrial Manufacturing Investment
For Sale
Contact for pricing
Pending
13555-13595 SE 31st Ave, Summerfield, FL 34491
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
Days on Market109
Property Features for 13555-13595 SE 31st Ave
General Information
Standard status
Pending
Size
22,175 SF
Lot size
2.47 Acres
Property subtype
Industrial
Zoning
M2 industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Business Included
Yes
Heavy Power
Yes
Building Details
Buildings
2
Tenancy
Single
Listing Agency:
Gus Galloway Realty, Inc.
Listed By:
Nolan Galloway · License #BK3057213
(352) 572-9109
Source:
Crexi
Added: May 29
Changed: Aug 18
Last Checked: Sep 13 at 7:34AM
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
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
$308,890
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
7.92%
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%
$6,177,800
$6.2M
Cap Rate 7%
$4,412,714
$4.4M
Cap Rate 9%
$3,432,111
$3.4M
Market Conditions
NOI Build-Up for 22,175 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
$380.5K $17.16/SF
− Vacancy
−$17.1K −$0.77/SF
EGI
$363.4K $16.39/SF
− OpEx
−$54.5K −$2.46/SF
NOI
$308.9K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /SF/Yr
Expense Ratio
15.00%
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%
$6,177,800
Cap Rate 7%
$4,412,714
Cap Rate 9%
$3,432,111
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 authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 34491, FL
31,545
Population
15,474
Households
2
Avg Household Size
61
Median Age
22%
College-Educated
88%
High-School Grad
44.9 sq mi
ZIP Area
703
Density / Sq Mi
$65,900
Median Household Income
$35,440
Median Earnings
$1,102
Median Rent
$253,100
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
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
