Steel Warehouse with Pull-Through
425 Western Rd New Smyrna Beach, FL 32168
425 Western Rd, New Smyrna Beach, FL, 32168
$475,000
For Sale
$475,000
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$135.71
Days on Market46
Property Features for 425 Western Rd
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 5.00 Acres
- Property subtype
- Land
Listing agency
Magnolia Properties
(386) 690-2800
Listed by
Robert Deasy
(386) 690-2800
Source
Exprealty
Added: Jun 8 Updated: Jul 21 at 7:33PM Checked: Jul 22 at 7:21AM
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
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
Local Financial Insights For Flex RnD
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 | $66.4k | $18.96 |
| − Vacancy | −$5.6k | −$1.61 |
| EGI | $60.7k | $17.35 |
| − OpEx | −$21.3k | −$6.07 |
| NOI | $39.5k | $11.28 |
3,500 SF · lease $18.96/SF/yr · vacancy 8.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$563.8K
$493.4K – $657.8K
NOI $39,468 @ 7.0% cap · market cap 8.31%
Second Best
Warehouse
$402.1K
$351.9K – $469.2K
NOI $28,149 @ 7.0% cap · market cap 5.93%
Theoretical Best
Office A
$1.03M
$903.0K – $1.20M
NOI $72,240 @ 7.0% cap · market cap 15.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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 $475,000.
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
