Versatile Industrial Property on
552458 US-1 Hilliard, FL 32046
For Sale
Contact for pricing
Expansive industrial property with versatile uses and expansion potential.
Property Size5,250 SF
Lot Size2.16 Acres
Price / SF$152.19
Days on Market698
Property Features for 552458 US-1
General Information
Standard status
Active
Size
5,250 SF
Lot size
2.16 Acres
Property subtype
Industrial
Listing Agency:
VYACHESLAV CHEBAN
(386) 793-6581
Listed By:
Slavik Cheban · License #3099630
Source:
Crexi
Added: Aug 31, 2024
Changed: Jul 10
Last Checked: Jul 28 at 4:40AM
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 VYACHESLAV CHEBAN
Investment Insights
Based on property information with market context.
This expansive industrial property offers 5,250 square feet under roof, including 900 square feet of office space, situated on a 2.16-acre lot. Zoned CI (Commercial Intensive), it offers a range of possibilities for various commercial enterprises. The property features a canopy and slab located at the left rear exterior of the building. Currently used for repair service, the property is adaptable for numerous uses, including truck repair/service, truck stop, body shop, and welding shop. Additional permitted uses are detailed in a separate document based on county official guidelines. The property is equipped with 3-phase electricity for efficient operation of heavy equipment, and a 10-ton lift crane ideal for lifting and moving heavy items. It includes 3 bays, each equipped with 14-foot high doors and high ceilings to accommodate large vehicles and machinery. There is plenty of paved space for parking and maneuvering, along with ample space for adding more square footage to suit future needs. Located on US-1 with easy access, this property is well-suited for a variety of service establishments including automobile service stations, repair and service garages, motor vehicle body shops, auto laundries, and small engine repair.
Key Highlights
- 2.16‑acre lot zoned CI (Commercial Intensive) with versatile permitted uses.
- 5,250 sq ft under roof, including 900 sq ft of office space, adaptable for numerous commercial enterprises.
- Equipped with a 10‑ton lift crane and 3 bays, each with 14‑foot high doors, ideal for heavy equipment and large vehicles.
Financial Insights For Retail
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 | $94.5k | $18.00 |
| − Vacancy | −$9.7k | −$1.85 |
| EGI | $84.8k | $16.15 |
| − OpEx | −$25.4k | −$4.84 |
| NOI | $59.3k | $11.30 |
5,250 SF · lease $18.00/SF/yr · vacancy 10.30% · expense 30.00%
Alternative Uses
Best Use
Retail
$847.7K
$741.7K – $989.0K
NOI $59,337 @ 7.0% cap · market cap 7.43%
Second Best
Industrial
$529.9K
$463.6K – $618.2K
NOI $37,090 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,028 @ 7.0% cap · market cap 12.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Expansive industrial property with versatile uses and expansion potential.
Where is this flex space located?
The property is located at 552458 US-1 Hilliard, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2.16‑acre lot zoned CI (Commercial Intensive) with versatile permitted uses.; 5,250 sq ft under roof, including 900 sq ft of office space, adaptable for numerous commercial enterprises.; Equipped with a **10‑ton lift crane** and **3 bays, each with 14‑foot high doors**, ideal for heavy equipment and large vehicles.
