Air-Conditioned Flex Retail/Warehouse
For Sale
Contact for pricing
301 Commerce Blvd, Midway, FL 32343
Fully air-conditioned flex building can operate as five suites or as a single tenant setup in an industrial park.
Property Size19,514 SF
Price / SF$151.17
Days on Market341
Property Features for 301 Commerce Blvd
General Information
Standard status
Active
Size
19,514 SF
Property subtype
RETAIL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Conditioned Warehouse
Yes
Listing Agency:
Ciminelli Real Estate Services - Proctor & Long Group
(850) 509-2137
Listed By:
J. R. Long, CCIM
(850) 509-2137
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 30
Last Checked: Jul 30 at 4:26AM
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 Ciminelli Real Estate Services - Proctor & Long Group
Investment Insights
Based on property information with market context.
This fully air-conditioned retail/warehouse (flex) building is available for purchase in the 10/90 Industrial Park. The property is set up to function as five separate suites, or it can be occupied as a single tenant. The building’s retail-warehouse design provides flexible layout options for an owner-user seeking on-site operational convenience.
Located just off the interchange of Highway 90 and I-10 on Commerce Blvd, the building is positioned for visibility and accessibility. Neighboring businesses include Peterbilt, Bobcat, Sunbelt Rentals, Signs Now, Comfort Inn & Suites, and Baymont by Wyndham. Downtown Tallahassee is only a 20-minute drive.
With the current business relocating, the offering presents a retail use within the industrial park, supported by the property’s direct access to the area’s interstate network.
Located just off the interchange of Highway 90 and I-10 on Commerce Blvd, the building is positioned for visibility and accessibility. Neighboring businesses include Peterbilt, Bobcat, Sunbelt Rentals, Signs Now, Comfort Inn & Suites, and Baymont by Wyndham. Downtown Tallahassee is only a 20-minute drive.
With the current business relocating, the offering presents a retail use within the industrial park, supported by the property’s direct access to the area’s interstate network.
Key Highlights
- Fully air‑conditioned retail/warehouse (flex) building
- Configured for five separate suites or single‑tenant occupancy
- 10/90 Industrial Park retail presence within the park
Financial Insights For Retail
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 | $292.7k | $15.00 |
| − Vacancy | −$22.0k | −$1.13 |
| EGI | $270.8k | $13.88 |
| − OpEx | −$81.2k | −$4.16 |
| NOI | $189.5k | $9.71 |
19,514 SF · lease $15.00/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.71M
$2.37M – $3.16M
NOI $189,530 @ 7.0% cap · market cap 6.42%
Second Best
Warehouse
$2.17M
$1.90M – $2.53M
NOI $152,069 @ 7.0% cap · market cap 5.15%
Theoretical Best
Office A
$4.78M
$4.19M – $5.58M
NOI $334,879 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32343, FL
3,621
Population
1,308
Households
2.8
Avg Household Size
36
Median Age
25%
College-Educated
91%
High-School Grad
26.8 sq mi
ZIP Area
135
Density / Sq Mi
$60,735
Median Household Income
$42,308
Median Earnings
$1,002
Median Rent
$207,500
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?
Flex space - Fully air-conditioned flex building can operate as five suites or as a single tenant setup in an industrial park.
Where is this flex space located?
The property is located at 301 Commerce Blvd Midway, FL.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Fully air‑conditioned retail/warehouse (flex) building; Configured for five separate suites or single‑tenant occupancy; 10/90 Industrial Park retail presence within the park
