Seafood Storage, Distribution &
For Sale
$1,800,000
174 NW 9th Ave, Mulberry, FL 33860
Equipped facility ideal for food-related and distribution businesses.
Property Size8,400 SF
Days on Market292
Property Features for 174 NW 9th Ave
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Industrial
Building Details
Building Size
8,400 SF
Year Built
1977
Listing Agency:
Equity Investment Services, LLC
Listed By:
Andreas Steineger, MBA
(407) 360-3154
Source:
Equityinvestmentservices
Added: Nov 24, 2025
Changed: Sep 12
Last Checked: Sep 12 at 8:37AM
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 Equity Investment Services, LLC
Investment Insights
Based on property information with market context.
This 8,400 square-foot facility is a 2nd generation seafood storage, distribution, and catering space with a full buildout. It is equipped with walk-in coolers, a walk-in freezer, and a full commercial kitchen. The property also includes storage areas, offices, and a 14-foot roll-up door. Ample parking is available. The property is located off 9th St with quick access to SR-60, providing coast-to-coast access from SR-60 and major Florida highways. It is ideal for commercial food-related and/or distribution-based users.
Key Highlights
- Fully built‑out 2nd generation seafood storage, distribution & catering facility.
- Equipped with walk‑in coolers, walk‑in freezer, and full commercial kitchen.
- Excellent logistical location off 9th St with quick access to SR‑60 and major Florida highways for coast‑to‑coast access.
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
$109,212
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
6.07%
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%
$2,184,240
$2.2M
Cap Rate 7%
$1,560,171
$1.6M
Cap Rate 9%
$1,213,467
$1.2M
Market Conditions
NOI Build-Up for 8,400 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
$156.2K $18.60/SF
− Vacancy
−$10.6K −$1.26/SF
EGI
$145.6K $17.34/SF
− OpEx
−$36.4K −$4.33/SF
NOI
$109.2K $13.00/SF
Area
Polk County, FL
Vacancy
6.80%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
25.00%
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%
$2,184,240
Cap Rate 7%
$1,560,171
Cap Rate 9%
$1,213,467
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,212 @ 7.0% cap · market cap 6.07%
Second Best
Retail
$1.35M
$1.18M – $1.57M
NOI $94,332 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,301 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
299
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution property - Equipped facility ideal for food-related and distribution businesses.
Where is this distribution property located?
The property is located at 174 NW 9th Ave Mulberry, FL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Fully built‑out 2nd generation seafood storage, distribution & catering facility.; Equipped with walk‑in coolers, walk‑in freezer, and full commercial kitchen.; Excellent logistical location off 9th St with quick access to SR‑60 and major Florida highways for coast‑to‑coast access.
