Insulated Warehouse with Roll-Up
For Sale
$1,300,000
20981 NE Hwy 27, Williston, FL 32696
Commercial Sale, Williston, FL
Property Size7,200 SF
Lot Size1.50 Acres
Price / SF$208
Days on Market185
Property Features for 20981 NE Hwy 27
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Subdivision
Eastern Acres
Directions
I75 N, OCALA 4.0 MI TAKE EXIT 354 ONTO US-27 TOWARD WILLISTION. 0.3 MILES TURN LEFT ONTO NW BLITCHTON RD TOWARD WILLISTON
Standard status
Active
APN
1711800000
Size
6,250 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
05-13-19 EASTERN ACRES LOT 32 & TRIANGULAR TRACT ADJOINING EASTERLY BDY OF LOT 32 OR BOOK 1601 PAGE 244
Tax Annual Amount
972
Legal Description
05-13-19 EASTERN ACRES LOT 32 & TRIANGULAR TRACT ADJOINING EASTERLY BDY OF LOT 32 OR BOOK 1601 PAGE 244
Building Details
Year built
2026
Listing Agency:
United Country Smith & Associates Trenton
(352) 463-7770
Listed By:
Kayla Casson · License #3557251
(352) 221-3276
Added: Feb 19
Changed: Aug 19
Last Checked: Aug 23 at 3:06PM
MLS# 797646
Copyright © 2026 Dixie-Gilchrist-Levy Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This insulated warehouse is under construction on a 1.5-acre parcel at 20981 NE Hwy 27 in Williston. The building is designed for operational flexibility, with four 14-foot roll-up doors and two walk-through doors supporting equipment movement, deliveries, and daily access. Interior improvements can be configured around the eventual occupant’s requirements.
Site infrastructure includes a new well, a new septic system, and power in place. A paved parking area serves vehicle access and on-site circulation, while the property’s direct road frontage provides access from NE Hwy 27. The site is located in Flood Zone X and is identified with a 2026 year built.
Site infrastructure includes a new well, a new septic system, and power in place. A paved parking area serves vehicle access and on-site circulation, while the property’s direct road frontage provides access from NE Hwy 27. The site is located in Flood Zone X and is identified with a 2026 year built.
Key Highlights
- Insulated warehouse under construction on 1.5 acres
- Four 14‑foot roll‑up doors and two walk‑through doors
- New well and septic system with power in place
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
$45,661
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
3.51%
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%
$913,220
$913.2K
Cap Rate 7%
$652,300
$652.3K
Cap Rate 9%
$507,344
$507.3K
Market Conditions
NOI Build-Up for 6,250 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
$56.3K $9.00/SF
− Vacancy
−$2.5K −$0.41/SF
EGI
$53.7K $8.59/SF
− OpEx
−$8.1K −$1.29/SF
NOI
$45.7K $7.31/SF
Area
Levy County, FL
Vacancy
4.50%
Lease Rate
$9.00 /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%
$913,220
Cap Rate 7%
$652,300
Cap Rate 9%
$507,344
Alternative Uses
Best Use
Warehouse
$652.3K
$570.8K – $761.0K
NOI $45,661 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.81M
NOI $108,360 @ 7.0% cap · market cap 8.34%
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
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32696, FL
12,784
Population
6,133
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
88%
High-School Grad
142.4 sq mi
ZIP Area
90
Density / Sq Mi
$56,944
Median Household Income
$36,368
Median Earnings
$827
Median Rent
$202,800
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?
Warehouse - Under-construction warehouse with paved parking, upgraded site utilities, and flexible interior configuration.
Where is this warehouse located?
The property is located at 20981 NE Hwy 27 Williston, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Insulated warehouse under construction on 1.5 acres; Four 14‑foot roll‑up doors and two walk‑through doors; New well and septic system with power in place
