4800 CYPRESS St, Keystone Heights, FL 32656

Building Details

Building Size 3,360 SF More

Year Built 1978 More

Listing Agency: CENTURY 21 LAKESIDE REALTY

Listed By: Trey Fields, III · License FL #3258030 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 12 Last Checked: Aug 25 at 5:17AM

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Investment Insights

Based on property information with market context.

This property offers an excellent business opportunity on approximately 7 acres, suitable for a construction or land development company, though other uses are possible. It features a large concrete block building or warehouse in good condition, which can be converted for a variety of business or commercial purposes. The property is zoned for industrial use, allowing for virtually any kind of business. Previously used as a borrow pit, a portion of the property is currently designated as such by the County. It benefits from excellent paved road access on County Road 214. Additionally, there is a single wide mobile home on the property, suitable for office or residential use. The location offers a short commute to Jacksonville or Gainesville and is centrally located in Keystone Heights.

Key Highlights

• 7+/- Acres with Industrial Zoning allowing for diverse business uses.
• Large concrete block building/warehouse in good condition suitable for conversion.
• Excellent paved road access on County Road 214.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,824

Cap Rate

8.29%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$576,480 $576.5K

Cap Rate 7%

$411,771 $411.8K

Cap Rate 9%

$320,267 $320.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,360 SF

Gross rent

$35.9K $10.68/SF

− Vacancy

−$2.0K −$0.59/SF

EGI

$33.9K $10.09/SF

− OpEx

−$5.1K −$1.51/SF

NOI

$28.8K $8.58/SF

Area

Clay County, FL

Vacancy

5.50%

Lease Rate

$10.68 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$576,480

Cap Rate 7%

$411,771

Cap Rate 9%

$320,267

Alternative Uses

Best Use

Warehouse

$411.8K

$360.3K – $480.4K (±1% cap)

NOI $28,824 @ 7.0% cap · market cap 8.29%

Second Best

Industrial

$339.1K

$296.7K – $395.6K (±1% cap)

NOI $23,738 @ 7.0% cap · market cap 6.83%

Theoretical Best

Office A

$896.3K

$784.2K – $1.05M (±1% cap)

NOI $62,738 @ 7.0% cap · market cap 18.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Auto Repair Shop Restaurant HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

Explore this area Business Placement

Demographics for 32656, FL

14,686

Population

6,565

Households

2.2

Avg Household Size

44

Median Age

22%

College-Educated

90%

High-School Grad

70.1 sq mi

ZIP Area

210

Density / Sq Mi

$73,201

Median Household Income

$40,985

Median Earnings

$1,068

Median Rent

$202,900

Median Home Value

Market

Properties on Market for Commercial land in Clay County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in South region

6% 2019

6.5% 2020

4% 2021

3.5% 2022

6% 2023

7.6% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Commercial land - 7+/- acres with warehouse, suitable for various commercial uses.

Where is this commercial land located?

The property is located at 4800 CYPRESS St Keystone Heights, FL.

What is the asking price?

The asking price for this property is $347,500.

What are key features of this property?

This property features: 7+/- Acres with Industrial Zoning allowing for diverse business uses.; Large concrete block building/warehouse in good condition suitable for conversion.; Excellent paved road access on County Road 214.