Zoned Business Highway
For Sale
$650,000
17313 NE US HWY 301, Waldo, FL 32694
Concrete block warehouse for sale with highway access and a full-size parking lot in Waldo, Florida.
Property Size8,613 SF
Price / SF$75.58
Days on Market84
Property Features for 17313 NE US HWY 301
General Information
Standard status
Active
Size
8,613 SF
Property subtype
Commercial
Zoning
BH
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,197
Building Details
Building Size
8,613 SF
Year Built
1946
Listing Agency:
CRYSTAL SNOOK REAL ESTATE
(352) 817-3370
Listed By:
Ashley Sexton · License #3415414
(352) 817-3370
Source:
Mbifloridarealty
Added: Jun 2
Changed: Aug 23
Last Checked: Aug 22 at 10:18AM
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 CRYSTAL SNOOK REAL ESTATE
Investment Insights
Based on property information with market context.
This for-sale warehouse facility on NE US Highway 301 is built with concrete block construction and totals over 8,600 square feet, offering a durable base for a range of warehouse and light industrial uses. A full-size parking lot supports day-to-day operations and provides space for employees, customers, fleet vehicles, equipment, or inventory storage.
The property is zoned BH (Business Highway) and benefits from highway frontage and visibility for transportation, logistics, and regional distribution. Buyers should verify all zoning, permitted uses, and any development requirements with the appropriate governing authorities.
The offering combines a practical warehouse layout with hard-surface durability and on-site parking, aligning with business needs that require flexible BH zoning in a high-exposure highway setting.
The property is zoned BH (Business Highway) and benefits from highway frontage and visibility for transportation, logistics, and regional distribution. Buyers should verify all zoning, permitted uses, and any development requirements with the appropriate governing authorities.
The offering combines a practical warehouse layout with hard-surface durability and on-site parking, aligning with business needs that require flexible BH zoning in a high-exposure highway setting.
Key Highlights
- Commercial property on US Highway 301 in Waldo, FL, zoned BH (Business Highway).
- Over 8,600 SF of concrete block construction for durable commercial/industrial use.
- Full‑size parking lot for employees, customers, fleet vehicles, equipment, or inventory storage.
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
$58,334
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
8.97%
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%
$1,166,680
$1.2M
Cap Rate 7%
$833,343
$833.3K
Cap Rate 9%
$648,156
$648.2K
Market Conditions
NOI Build-Up for 8,600 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
$87.7K $10.20/SF
− Vacancy
−$4.4K −$0.51/SF
EGI
$83.3K $9.69/SF
− OpEx
−$25.0K −$2.91/SF
NOI
$58.3K $6.78/SF
Area
Alachua County, FL
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,166,680
Cap Rate 7%
$833,343
Cap Rate 9%
$648,156
Alternative Uses
Best Use
Warehouse
$897.6K
$785.4K – $1.05M
NOI $62,829 @ 7.0% cap · market cap 9.67%
Second Best
Industrial
$833.3K
$729.2K – $972.2K
NOI $58,334 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,766 @ 7.0% cap · market cap 23.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32694, FL
1,962
Population
1,305
Households
1.5
Avg Household Size
48
Median Age
24%
College-Educated
84%
High-School Grad
29.3 sq mi
ZIP Area
67
Density / Sq Mi
$40,455
Median Household Income
$36,862
Median Earnings
$673
Median Rent
$121,300
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.
Similar Off Market Nearby
- Waldo Self Storage — 17842 NE US Hwy 301, Waldo, FL 32694
Frequently Asked Questions
What type of property is this?
Warehouse - Concrete block warehouse for sale with highway access and a full-size parking lot in Waldo, Florida.
Where is this warehouse located?
The property is located at 17313 NE US HWY 301 Waldo, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Commercial property on US Highway 301 in Waldo, FL, zoned BH (Business Highway).; Over 8,600 SF of concrete block construction for durable commercial/industrial use.; Full‑size parking lot for employees, customers, fleet vehicles, equipment, or inventory storage.
