Warehouse Office Flex
For Sale
$1,100,000
535 Se State Road 26, Trenton, FL 32693
Fully climate-controlled warehouse with office space, separate restrooms, and site improvements including parking and a DOT-approved entrance.
Property Size4,000 SF
Lot Size3.21 Acres
Price / SF$275
Days on Market137
Property Features for 535 Se State Road 26
General Information
Standard status
Active
Size
4,000 SF
Lot size
3.21 Acres
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,122
Listing Agency:
UNITED COUNTRY SMITH & ASSOCIATES - NEWBERRY
(352) 221-5256
Listed By:
Brad Smith · License #550985
(352) 221-5256
Source:
Exprealty
Added: Apr 14
Changed: Aug 20
Last Checked: Aug 26 at 1:34PM
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 UNITED COUNTRY SMITH & ASSOCIATES - NEWBERRY
Investment Insights
Based on property information with market context.
This property consists of a fully climate-controlled commercial building with heavy insulation, an oversized HVAC system, and office space. The building includes separate men’s and women’s restrooms, and the site is supported by a DOH-approved well. The property also features major site improvements, including a retention pond, drainage systems, land clearing, utilities infrastructure, and a large parking lot.
The site is located directly off State Road 26 and includes a DOT-approved entrance designed for commercial use.
In addition to the existing building, the rear portion of the property provides room for expansion. The property is currently occupied by tenants.
The site is located directly off State Road 26 and includes a DOT-approved entrance designed for commercial use.
In addition to the existing building, the rear portion of the property provides room for expansion. The property is currently occupied by tenants.
Key Highlights
- 3.21‑acre commercial property directly off State Road 26 in Trenton, FL, with a DOT‑approved entrance.
- 4,000 SF fully climate‑controlled commercial building with heavy insulation and an oversized HVAC system.
- Includes office space and separate men’s and women’s restrooms.
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
$49,896
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
4.54%
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%
$997,920
$997.9K
Cap Rate 7%
$712,800
$712.8K
Cap Rate 9%
$554,400
$554.4K
Market Conditions
NOI Build-Up for 4,000 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
$79.2K $19.80/SF
− Vacancy
−$12.7K −$3.17/SF
EGI
$66.5K $16.63/SF
− OpEx
−$16.6K −$4.16/SF
NOI
$49.9K $12.47/SF
Area
Gilchrist County, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$997,920
Cap Rate 7%
$712,800
Cap Rate 9%
$554,400
Alternative Uses
Best Use
Office B
$712.8K
$623.7K – $831.6K
NOI $49,896 @ 7.0% cap · market cap 4.54%
Second Best
Flex RnD
$536.0K
$469.0K – $625.3K
NOI $37,518 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$990.7K
$866.9K – $1.16M
NOI $69,350 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32693, FL
12,815
Population
4,908
Households
2.6
Avg Household Size
42
Median Age
16%
College-Educated
87%
High-School Grad
200.7 sq mi
ZIP Area
64
Density / Sq Mi
$64,128
Median Household Income
$36,361
Median Earnings
$919
Median Rent
$182,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Fully climate-controlled warehouse with office space, separate restrooms, and site improvements including parking and a DOT-approved entrance.
Where is this flex space located?
The property is located at 535 Se State Road 26 Trenton, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 3.21‑acre commercial property directly off State Road 26 in Trenton, FL, with a DOT‑approved entrance.; 4,000 SF fully climate‑controlled commercial building with heavy insulation and an oversized HVAC system.; Includes office space and separate men’s and women’s restrooms.
