Industrial Building with Four
400 NW PHOSPHATE Blvd Mulberry, FL 33860
For Sale
$790,000
Industrial/commercial building on a corner lot with four separate units and existing block exterior wall.
Property Size8,032 SF
Lot Size0.65 Acres
Price / SF$98.36
Days on Market67
Property Features for 400 NW PHOSPHATE Blvd
General Information
- Standard status
- Active
- Size
- 8,032 SF
- Lot size
- 0.65 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1960
Listing Agency:
KELLER WILLIAMS REALTY SMART 1
(863) 274-1200
Listed By:
Logan Bennett · License #3333172
(863) 274-1200
Source:
Elliman
Added: May 18
Changed: Jul 23
Last Checked: Jul 23 at 3:49PM
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 KELLER WILLIAMS REALTY SMART 1
Investment Insights
Based on property information with market context.
This versatile industrial/commercial building is offered for sale and totals 8,032 square feet on a 0.65-acre corner lot at 400 NW Phosphate Blvd in Mulberry. The property is configured as four separate units, each approximately 2,000 square feet, supporting a range of operational layouts such as warehouse use, office/showroom combinations, or light industrial applications.
The building sits with prominent corner placement intended to support visibility and accessibility. The exterior includes a block wall, and the seller notes that a 60x70 warehouse could be placed on the backside of the building by tying into the existing block exterior wall to add additional business potential.
For buyers seeking flexibility in use and configuration, this multi-unit industrial asset offers a practical setup for owner-occupancy or income-producing possibilities within a single property footprint.
The building sits with prominent corner placement intended to support visibility and accessibility. The exterior includes a block wall, and the seller notes that a 60x70 warehouse could be placed on the backside of the building by tying into the existing block exterior wall to add additional business potential.
For buyers seeking flexibility in use and configuration, this multi-unit industrial asset offers a practical setup for owner-occupancy or income-producing possibilities within a single property footprint.
Key Highlights
- 8,032 SF industrial/commercial building on a 0.65‑acre corner lot at 400 NW Phosphate Blvd
- Building includes four separate units of approximately 2,000 SF each
- Existing block exterior wall supports potential placement of a 60x70 warehouse on the backside
Financial Insights For Warehouse
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 | $68.3k | $8.50 |
| − Vacancy | −$5.3k | −$0.66 |
| EGI | $62.9k | $7.84 |
| − OpEx | −$9.4k | −$1.18 |
| NOI | $53.5k | $6.66 |
8,032 SF · lease $8.50/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,673 @ 7.0% cap · market cap 12.49%
Second Best
Warehouse
$764.4K
$668.8K – $891.8K
NOI $53,505 @ 7.0% cap · market cap 6.77%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,111 @ 7.0% cap · market cap 17.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - Industrial/commercial building on a corner lot with four separate units and existing block exterior wall.
Where is this flex space located?
The property is located at 400 NW PHOSPHATE Blvd Mulberry, FL.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 8,032 SF industrial/commercial building on a 0.65‑acre corner lot at 400 NW Phosphate Blvd; Building includes four separate units of approximately 2,000 SF each; Existing block exterior wall supports potential placement of a 60x70 warehouse on the backside
