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 Market120
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: Oct 11
Last Checked: Oct 20 at 6:06PM
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
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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 / Yr
$18,652
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
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
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 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.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
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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
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Market
Vacancy Rate% for Industrial in South region
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
