Industrial Warehouse
New
For Sale
$5,500,000
333 E Highbanks Rd, Debary, FL 32713
Existing industrial improvements sit on approximately 3.5 acres in DeBary.
Property Size35,000 SF
Price / SF$157.14
Days on Market2
Property Features for 333 E Highbanks Rd
General Information
Standard status
Active
Size
35,000 SF
Property subtype
Warehouse
Amenities
Situated within one of Central Florida's fastest-growing submarkets, supported by strong population growth, expanding employment centers, and increasing industrial demand.
Industrial land scarcity and rising replacement costs create a compelling opportunity to acquire a strategically located asset with embedded long-term appreciation potential.
Strategic four-parcel industrial portfolio totaling approximately 8.24 acres in the heart of DeBary, offering existing income with significant near-term value-add and redevelopment potential.
Building Details
Building Size
35,000 SF
Year Built
1957
Listed By:
Luis Sanchez Rodriguez · License #License(s): FL: SL3665907
(407) 557-3817
Source:
Marcusmillichap
Added: Sep 30
Last Checked: Oct 1 at 8:06AM
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 Luis Sanchez Rodriguez
Investment Insights
Based on property information with market context.
This industrial property includes existing warehouse improvements on approximately 3.5 acres. The improvements date to 1957, and the site is located at 333 E Highbanks Rd in DeBary, Florida.
Regional transportation corridors are described as directly accessible from the property. The land and existing improvements form an industrial assemblage in Central Florida.
Regional transportation corridors are described as directly accessible from the property. The land and existing improvements form an industrial assemblage in Central Florida.
Key Highlights
- Approximately 3.5± acres across three parcels
- Industrial improvements built in 1957
- Located at 333 E Highbanks Rd, DeBary, FL 32713
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
$281,495
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
5.12%
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%
$5,629,900
$5.6M
Cap Rate 7%
$4,021,357
$4.0M
Cap Rate 9%
$3,127,722
$3.1M
Market Conditions
NOI Build-Up for 35,000 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
$348.6K $9.96/SF
− Vacancy
−$17.4K −$0.50/SF
EGI
$331.2K $9.46/SF
− OpEx
−$49.7K −$1.42/SF
NOI
$281.5K $8.04/SF
Area
Volusia County, FL
Vacancy
5.00%
Lease Rate
$9.96 /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%
$5,629,900
Cap Rate 7%
$4,021,357
Cap Rate 9%
$3,127,722
Alternative Uses
Best Use
Warehouse
$4.02M
$3.52M – $4.69M
NOI $281,495 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.32M
$9.03M – $12.04M
NOI $722,400 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32713, FL
22,438
Population
10,013
Households
2.2
Avg Household Size
50
Median Age
31%
College-Educated
95%
High-School Grad
19.1 sq mi
ZIP Area
1,175
Density / Sq Mi
$87,354
Median Household Income
$51,733
Median Earnings
$1,479
Median Rent
$306,800
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
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Similar Off Market Nearby
- Life Storage - DeBary — 3075 Enterprise Rd, DeBary, FL 32713
- Self-Storage at U-Haul — 2861 Enterprise Rd, DeBary, FL 32713
Frequently Asked Questions
What type of property is this?
Warehouse - Existing industrial improvements sit on approximately 3.5 acres in DeBary.
Where is this warehouse located?
The property is located at 333 E Highbanks Rd Debary, FL.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Approximately 3.5± acres across three parcels; Industrial improvements built in 1957; Located at 333 E Highbanks Rd, DeBary, FL 32713
