C1 Zoned Flex Warehouse
28380 Forbes Street Nobleton, FL 34661
For Sale
$499,000
COMMERCIAL - Nobleton, FL
Property Size2,299 SF
Lot Size3.12 Acres
Price / SF$217.05
Days on Market490
Property Features for 28380 Forbes Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Bathrooms
1
Rooms
Bathroom 1
Parking features
Off Street, Guest, Parking Lot
Standard status
Active
APN
R24 421 20 0000 0010 0010
Size
2,299 SF
Lot size
3.12 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3314
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank
Cooling system
Central Air
Water source
Well
Building Details
Year built
1985
Floors in Building
1
Number of units
1
Flooring type
Concrete
Building materials
Concrete
Listing Agency:
Dennis Realty & Investment Corp.
(352) 606-3911
Listed By:
Paul Salter · License #3526915
(352) 606-3911
Added: Mar 26, 2025
Changed: Jul 24
Last Checked: Jul 28 at 11:06AM
MLS# 2252455
Copyright © 2026 Hernando County Association of REALTORS®, Inc. 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 for-sale flex and warehouse compound includes three buildings situated on C1-zoned property. The larger building is positioned as a development canvas, with opportunities intended to align with C1 ordinances and through discussions with local planning and zoning.
The site is located at 28380 Forbes Street in Nobleton, Florida, on approximately 3.12 acres, with road frontage onto Lake Lindsey Road. The listing notes accessibility to major highways, with I-75 reachable in about 11 minutes and US-41 about 7 minutes away.
For reference, the property is listed with 2,299 square feet of total property size and offers a site that can support business development within the remit of C1 zoning requirements.
The site is located at 28380 Forbes Street in Nobleton, Florida, on approximately 3.12 acres, with road frontage onto Lake Lindsey Road. The listing notes accessibility to major highways, with I-75 reachable in about 11 minutes and US-41 about 7 minutes away.
For reference, the property is listed with 2,299 square feet of total property size and offers a site that can support business development within the remit of C1 zoning requirements.
Key Highlights
- 3.1‑acre C1 property with road frontage on Lake Lindsey Road
- 3 buildings on‑site, including a larger building suited for business development under C1 ordinances
- Year built: 1985; construction materials include concrete
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.2k | $18.36 |
| − Vacancy | −$2.3k | −$1.01 |
| EGI | $39.9k | $17.35 |
| − OpEx | −$12.0k | −$5.21 |
| NOI | $27.9k | $12.15 |
2,299 SF · lease $18.36/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$398.9K
$349.0K – $465.4K
NOI $27,922 @ 7.0% cap · market cap 5.60%
Second Best
Flex RnD
$353.5K
$309.3K – $412.4K
NOI $24,746 @ 7.0% cap · market cap 4.96%
Theoretical Best
Office A
$523.7K
$458.2K – $611.0K
NOI $36,659 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Multi-building flex and warehouse property on C1-zoned land with road frontage and highway access nearby.
Where is this flex space located?
The property is located at 28380 Forbes Street Nobleton, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3.1‑acre C1 property with road frontage on Lake Lindsey Road; 3 buildings on‑site, including a larger building suited for business development under C1 ordinances; Year built: 1985; construction materials include concrete
