Single-Tenant Industrial Facility For
For Sale
Contact for pricing
Pending
4010 Deerpark Blvd, Elkton, FL 32033
46,200 sq ft industrial facility in Elkton, Florida.
Property Size46,200 SF
Days on Market172
Property Features for 4010 Deerpark Blvd
General Information
Standard status
Pending
Size
46,200 SF
Class
A
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
2018
Year Renovated
2025
Tenancy
Single
Listing Agency:
Prime Realty Inc.
(904) 373-0578
Listed By:
Tyler Saldutti · License #FL
Source:
Crexi
Added: Mar 3
Changed: Aug 14
Last Checked: Aug 21 at 9:04PM
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 Prime Realty Inc.
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a single-tenant industrial facility of approximately 46,200 square feet. The property serves as the tenant's long-term corporate headquarters and primary operating facility, supporting manufacturing, warehousing, and administrative services in a purpose-built environment. The property is fully air-conditioned, well maintained, and configured to support mission-critical production and distribution functions. Located in St. Johns County, the property benefits from continued population growth, strong industrial demand fundamentals, limited new supply, and convenient access to Interstate 95 and the greater Jacksonville logistics corridor. In 2025, the building underwent an approximately 13,800 square foot expansion, completed in direct response to the tenant’s need for additional operational capacity. The current lease term commenced in February 2026 and provides stable in-place income with defined rental growth provisions and long-term renewal options. The lease is structured on a NNN basis.
Key Highlights
- New ±46,200 sq ft single‑tenant industrial facility with a strong tenant.
- Located in St. Johns County, one of Florida’s fastest‑growing submarkets, with convenient access to I‑95.
- Long‑term NNN lease commenced in February 2026, providing stable income with rental growth and renewal options.
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
$326,395
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
3.10%
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%
$6,527,900
$6.5M
Cap Rate 7%
$4,662,786
$4.7M
Cap Rate 9%
$3,626,611
$3.6M
Market Conditions
NOI Build-Up for 46,200 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
$493.4K $10.68/SF
− Vacancy
−$27.1K −$0.59/SF
EGI
$466.3K $10.09/SF
− OpEx
−$139.9K −$3.03/SF
NOI
$326.4K $7.06/SF
Area
St. Johns County, FL
Vacancy
5.50%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
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%
$6,527,900
Cap Rate 7%
$4,662,786
Cap Rate 9%
$3,626,611
Alternative Uses
Best Use
Industrial
$4.66M
$4.08M – $5.44M
NOI $326,395 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.32M
$10.78M – $14.38M
NOI $862,646 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 32033, FL
4,789
Population
2,288
Households
2.1
Avg Household Size
53
Median Age
24%
College-Educated
97%
High-School Grad
78.4 sq mi
ZIP Area
61
Density / Sq Mi
$83,901
Median Household Income
$55,833
Median Earnings
$1,805
Median Rent
$278,700
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?
Manufacturing property - 46,200 sq ft industrial facility in Elkton, Florida.
Where is this manufacturing property located?
The property is located at 4010 Deerpark Blvd Elkton, FL.
What is the asking price?
The asking price for this property is $10,534,624.
What are key features of this property?
This property features: New ±46,200 sq ft single‑tenant industrial facility with a strong tenant.; Located in St. Johns County, one of Florida’s fastest‑growing submarkets, with convenient access to I‑95.; Long‑term NNN lease commenced in February 2026, providing stable income with rental growth and renewal options.
