NNN Industrial Outdoor Storage
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 Market52
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: Oct 16
Last Checked: Oct 16 at 9:08AM
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
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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 / Yr
$278,593
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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
