Highway-Frontage Warehouse
New
For Sale
$2,000,000
5616 SE US HIGHWAY 301, Hawthorne, FL 32640
Two-building commercial property with a fenced site and direct US Highway 301 frontage.
Property Size7,646 SF
Days on Market2
Property Features for 5616 SE US HIGHWAY 301
General Information
Standard status
Active
Size
7,646 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,407
Building Details
Building Size
7,646 SF
Year Built
1968
Units
2
Listing Agency:
C.B. Isaac Realty
Listed By:
NAOMI JANACE ARMISTEAD · License #611248
(352) 475-2199
Source:
Elliman
Added: Sep 18
Last Checked: Sep 18 at 2:52PM
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 C.B. Isaac Realty
Investment Insights
Based on property information with market context.
This warehouse property includes two commercial buildings on an approximately 1.72-acre site. The front building contains approximately 2,896 square feet, while the rear metal warehouse and shop provides 4,950 square feet. Chain-link fencing encloses the property, and the sale includes both buildings and the underlying land. Inventory is excluded from the sale but may be negotiated separately.
The property is positioned along US Highway 301 at 5616 SE US Highway 301 in Hawthorne, Florida, with approximately 329 feet of paved road frontage. A stoplight is expected to be installed in front of the property and the nearby Love's Truck Stop. The site records a Walk Score of 51 and a Bike Score of 60.
The property is positioned along US Highway 301 at 5616 SE US Highway 301 in Hawthorne, Florida, with approximately 329 feet of paved road frontage. A stoplight is expected to be installed in front of the property and the nearby Love's Truck Stop. The site records a Walk Score of 51 and a Bike Score of 60.
Key Highlights
- Approximately 1.72 acres along US Highway 301
- Approximately 329 ft of paved road frontage
- Front commercial building measures approximately 2,896 sq. ft.
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
$83,449
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
4.17%
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%
$1,668,980
$1.7M
Cap Rate 7%
$1,192,129
$1.2M
Cap Rate 9%
$927,211
$927.2K
Market Conditions
NOI Build-Up for 7,646 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
$130.3K $17.04/SF
− Vacancy
−$11.1K −$1.45/SF
EGI
$119.2K $15.59/SF
− OpEx
−$35.8K −$4.68/SF
NOI
$83.4K $10.91/SF
Area
Alachua County, FL
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
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%
$1,668,980
Cap Rate 7%
$1,192,129
Cap Rate 9%
$927,211
Alternative Uses
Best Use
Retail
$1.19M
$1.04M – $1.39M
NOI $83,449 @ 7.0% cap · market cap 4.17%
Second Best
Warehouse
$798.0K
$698.3K – $931.0K
NOI $55,860 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $134,930 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32640, FL
10,281
Population
5,353
Households
1.9
Avg Household Size
51
Median Age
14%
College-Educated
84%
High-School Grad
187.7 sq mi
ZIP Area
55
Density / Sq Mi
$58,727
Median Household Income
$35,833
Median Earnings
$959
Median Rent
$153,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two-building commercial property with a fenced site and direct US Highway 301 frontage.
Where is this warehouse located?
The property is located at 5616 SE US HIGHWAY 301 Hawthorne, FL.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Approximately 1.72 acres along US Highway 301; Approximately 329 ft of paved road frontage; Front commercial building measures approximately 2,896 sq. ft.
