NNN Industrial Outdoor Storage
New
For Sale
Contact for pricing
3040 Northwest Gainesville Road, Ocala, FL 34475
Build-to-suit industrial property leased to DSI under a long-term NNN structure.
Property Size20,000 SF
Price / SF$303.92
Days on Market5
Property Features for 3040 Northwest Gainesville Road
General Information
Standard status
Active
Size
20,000 SF
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$373,823
Building Details
Year Built
2026
Tenancy
Single
Listing Agency:
Sands Investment Group Philadelphia
Listed By:
Eric Vultaggio · License #MA 9504073
Source:
Crexi
Added: Aug 28
Changed: Aug 31
Last Checked: Aug 31 at 9:27AM
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 Sands Investment Group Philadelphia
Investment Insights
Based on property information with market context.
This 20,000-square-foot industrial outdoor storage facility occupies 5.5 acres and was developed as a build-to-suit project for DSI. The property is scheduled for completion in 2026 and consolidates DSI’s three Ocala facilities into one location. DSI is a wholesaler serving the water systems and groundwater industry and operates more than 20 branches across 8 Southeastern states.
Located at 3040 Northwest Gainesville Road in Ocala, Florida, the facility is subject to a Triple Net lease with DSI. Franklin Electric guarantees the lease, which provides annual increases at the greater than 3% or CPI. DSI has operated in Ocala for over 25 years and is part of Headwater Companies, a wholly owned subsidiary of Franklin Electric Co., Inc.
Located at 3040 Northwest Gainesville Road in Ocala, Florida, the facility is subject to a Triple Net lease with DSI. Franklin Electric guarantees the lease, which provides annual increases at the greater than 3% or CPI. DSI has operated in Ocala for over 25 years and is part of Headwater Companies, a wholly owned subsidiary of Franklin Electric Co., Inc.
Key Highlights
- 20,000 SF industrial outdoor storage facility
- 5.5‑acre site in Ocala, Florida
- Build‑to‑suit project scheduled for completion in 2026
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
$278,593
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
4.58%
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%
$5,571,860
$5.6M
Cap Rate 7%
$3,979,900
$4.0M
Cap Rate 9%
$3,095,478
$3.1M
Market Conditions
NOI Build-Up for 20,000 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
$343.2K $17.16/SF
− Vacancy
−$15.4K −$0.77/SF
EGI
$327.8K $16.39/SF
− OpEx
−$49.2K −$2.46/SF
NOI
$278.6K $13.93/SF
Area
Marion County, FL
Vacancy
4.50%
Lease Rate
$17.16 /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%
$5,571,860
Cap Rate 7%
$3,979,900
Cap Rate 9%
$3,095,478
Alternative Uses
Best Use
Warehouse
$3.98M
$3.48M – $4.64M
NOI $278,593 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.92M
$9.56M – $12.74M
NOI $764,506 @ 7.0% cap · market cap 12.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Explore this area
Business Placement
Demographics for 34475, FL
14,780
Population
5,668
Households
2.6
Avg Household Size
38
Median Age
13%
College-Educated
84%
High-School Grad
27.8 sq mi
ZIP Area
532
Density / Sq Mi
$33,515
Median Household Income
$24,854
Median Earnings
$871
Median Rent
$170,300
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?
NNN property - Build-to-suit industrial property leased to DSI under a long-term NNN structure.
Where is this nnn property located?
The property is located at 3040 Northwest Gainesville Road Ocala, FL.
What is the asking price?
The asking price for this property is $6,078,400.
What are key features of this property?
This property features: 20,000 SF industrial outdoor storage facility; 5.5‑acre site in Ocala, Florida; Build‑to‑suit project scheduled for completion in 2026
