Steel Warehouse with Pull-Through
For Sale
$450,000
425 Western Rd, New Smyrna Beach, FL 32168
Steel warehouse on private acreage with 14' roll-up doors and 16' sidewalls, featuring dual road access.
Property Size3,500 SF
Lot Size5.00 Acres
Price / SF$128.57
Days on Market138
Property Features for 425 Western Rd
General Information
Standard status
Active
Size
3,500 SF
Lot size
5.00 Acres
Property subtype
Land
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$3,819
Building Details
Construction
steel building
Listing Agency:
Magnolia Properties
(386) 423-9300
Listed By:
Robert Deasy
(386) 690-2800
Source:
Exprealty
Added: Jun 8
Changed: Oct 13
Last Checked: Oct 21 at 1:32AM
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 Magnolia Properties
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Investment Insights
Based on property information with market context.
The property is a steel warehouse built on 5 private acres, measuring 50' x 70' with 16' sidewalls and a 23' peak height. The building includes pull-through 14' roll-up doors for flexible loading and storage. Permits have been approved, and rough-in and framing inspections have already been completed. A portion of the structure is framed for future living space, and the project remains unfinished, allowing the next owner to complete it to their specifications.
Dual access is available from Western Road and Canal Road, supporting straightforward movement of equipment, trailers, and other vehicles for business or storage use.
With the combination of warehouse clearances and the partially framed interior for added living space, the site offers a workable platform for a custom finish-out aligned with the buyer’s intended layout.
Dual access is available from Western Road and Canal Road, supporting straightforward movement of equipment, trailers, and other vehicles for business or storage use.
With the combination of warehouse clearances and the partially framed interior for added living space, the site offers a workable platform for a custom finish-out aligned with the buyer’s intended layout.
Key Highlights
- 5 private acres in New Smyrna Beach
- 50' x 70' steel building with 16' sidewalls and 23' peak height
- Includes pull‑through 14' roll‑up doors for easy loading and access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,468
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,360
$789.4K
Cap Rate 7%
$563,829
$563.8K
Cap Rate 9%
$438,533
$438.5K
Market Conditions
NOI Build-Up for 3,500 SF
Gross rent
$66.4K $18.96/SF
− Vacancy
−$5.6K −$1.61/SF
EGI
$60.7K $17.35/SF
− OpEx
−$21.3K −$6.07/SF
NOI
$39.5K $11.28/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$18.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$789,360
Cap Rate 7%
$563,829
Cap Rate 9%
$438,533
Alternative Uses
Best Use
Flex RnD
$563.8K
$493.4K – $657.8K
NOI $39,468 @ 7.0% cap · market cap 8.77%
Second Best
Warehouse
$402.1K
$351.9K – $469.2K
NOI $28,149 @ 7.0% cap · market cap 6.26%
Theoretical Best
Office A
$1.03M
$903.0K – $1.20M
NOI $72,240 @ 7.0% cap · market cap 16.05%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
20
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32168, FL
30,058
Population
16,439
Households
1.8
Avg Household Size
54
Median Age
31%
College-Educated
93%
High-School Grad
153.9 sq mi
ZIP Area
195
Density / Sq Mi
$72,967
Median Household Income
$41,076
Median Earnings
$1,608
Median Rent
$310,200
Median Home Value
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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?
Flex space - Steel warehouse on private acreage with 14' roll-up doors and 16' sidewalls, featuring dual road access.
Where is this flex space located?
The property is located at 425 Western Rd New Smyrna Beach, FL.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 5 private acres in New Smyrna Beach; 50' x 70' steel building with 16' sidewalls and 23' peak height; Includes pull‑through 14' roll‑up doors for easy loading and access
