Insulated Warehouse Near Highway
For Sale
Contact for pricing
20981 NE Hwy 27, Williston, FL 32696
6,250 SF insulated warehouse on 1.5 acres near Highway 27.
Property Size6,250 SF
Lot Size1.50 Acres
Price / SF$208
Days on Market191
Property Features for 20981 NE Hwy 27
General Information
Standard status
Active
Size
6,250 SF
Lot size
1.50 Acres
Property subtype
Industrial
Building Details
Year Built
2026
Listing Agency:
United Country Smith & Associates Trenton
(352) 221-3276
Listed By:
Kayla Casson · License #3557251
Source:
Crexi
Added: Feb 17
Changed: Aug 15
Last Checked: Aug 26 at 3:36PM
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 United Country Smith & Associates Trenton
Investment Insights
Based on property information with market context.
This 6,250 square foot insulated warehouse is located just off Highway 27 in Levy County. Situated on 1.5 acres in Flood Zone X, the property includes four 14-foot roll-up doors and two walk-through doors. A paved parking lot provides space for traffic and vehicles. Major improvements are complete, including a new well, septic system, and power. The structure is ready for customization, offering flexibility to design the layout. The property offers visibility, space, and infrastructure. It has road frontage and accessibility. The property is intended for commercial use.
Key Highlights
- 6,250 sq ft insulated warehouse with highway frontage and strong accessibility
- Located on 1.5 acres in Flood Zone X (high and dry)
- Four 14‑foot roll‑up doors and two walk‑through doors for easy 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
$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
Industrial
$605.6K
$529.9K – $706.6K
NOI $42,394 @ 7.0% cap · market cap 3.26%
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
Location Intelligence
Trade Area within ½ mile
10
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
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Frequently Asked Questions
What type of property is this?
Warehouse - 6,250 SF insulated warehouse on 1.5 acres near Highway 27.
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: 6,250 sq ft insulated warehouse with highway frontage and strong accessibility; Located on 1.5 acres in Flood Zone X (high and dry); Four 14‑foot roll‑up doors and two walk‑through doors for easy access
