Industrial Warehouse with Adjacent
For Sale
$375,000
595 Prairie Mine Road, Mulberry, FL 33860
Industrial warehouse totals 2,800 sq. ft. on a 0.26-acre lot, with additional adjacent land available for sale.
Property Size2,800 SF
Lot Size0.26 Acres
Price / SF$133.93
Days on Market74
Property Features for 595 Prairie Mine Road
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.26 Acres
Property subtype
Industrial
Building Details
Building Size
2,800 SF
Listing Agency:
Steinbauer Associates Inc
Listed By:
Kyle Vreeland · License #BK3233818
(863) 608-1231
Source:
Steinbauer
Added: Jun 25
Changed: Aug 24
Last Checked: Sep 5 at 6:45AM
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 Steinbauer Associates Inc
Investment Insights
Based on property information with market context.
This industrial warehouse property includes a 2,800 sq. ft. manufacturing/industrial warehouse on a 0.26-acre lot. The offering also provides the opportunity to purchase additional adjacent land, with up to 0.864 acres available.
The property is zoned for industrial use. Additional adjacent properties are also listed for sale, totaling 11,300 sq. ft. on 2.52 acres, offering flexibility depending on how much land is needed.
The property is zoned for industrial use. Additional adjacent properties are also listed for sale, totaling 11,300 sq. ft. on 2.52 acres, offering flexibility depending on how much land is needed.
Key Highlights
- 2,800 SF industrial warehouse for manufacturing on a 0.26‑acre lot
- Zoned for industrial use
- Additional adjacent land available for sale: up to 0.864 acres
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
$18,652
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
4.97%
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%
$373,040
$373.0K
Cap Rate 7%
$266,457
$266.5K
Cap Rate 9%
$207,244
$207.2K
Market Conditions
NOI Build-Up for 2,800 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
$23.8K $8.50/SF
− Vacancy
−$1.9K −$0.66/SF
EGI
$21.9K $7.84/SF
− OpEx
−$3.3K −$1.18/SF
NOI
$18.7K $6.66/SF
Area
Polk County, FL
Vacancy
7.80%
Lease Rate
$8.50 /SF/Yr
Expense Ratio
15.00%
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%
$373,040
Cap Rate 7%
$266,457
Cap Rate 9%
$207,244
Alternative Uses
Best Use
Warehouse
$266.5K
$233.2K – $310.9K
NOI $18,652 @ 7.0% cap · market cap 4.97%
Second Best
Industrial
$190.8K
$167.0K – $222.6K
NOI $13,357 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$672.9K
$588.8K – $785.0K
NOI $47,100 @ 7.0% cap · market cap 12.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Explore this area
Business Placement
Demographics for 33860, FL
24,932
Population
9,649
Households
2.6
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
98.4 sq mi
ZIP Area
253
Density / Sq Mi
$62,779
Median Household Income
$37,688
Median Earnings
$1,150
Median Rent
$221,400
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial warehouse totals 2,800 sq. ft. on a 0.26-acre lot, with additional adjacent land available for sale.
Where is this manufacturing property located?
The property is located at 595 Prairie Mine Road Mulberry, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,800 SF industrial warehouse for manufacturing on a 0.26‑acre lot; Zoned for industrial use; Additional adjacent land available for sale: up to 0.864 acres
