Industrial Building with Subdivision
607 Prairie Mine Rd Mulberry, FL 33860
607 Prairie Mine Rd, Mulberry, FL, 33860
Contact for pricing
For Sale
Contact for pricing
Industrial building offered for sale, zoned for industrial use, with a subdivision option for smaller buildings.
Property Size11,352 SF
Lot Size2.52 Acres
Price / SF$114.52
Days on Market68
Property Features for 607 Prairie Mine Rd
General Information
- Standard status
- Active
- Size
- 11,352 SF
- Lot size
- 2.52 Acres
- Property subtype
- INDUSTRIAL
Listing agency
Steinbauer Associates
(863) 608-1231
Listed by
J. Kyle Vreeland · License #BK3233818
(863) 608-1231
Source
Moodyscre
Added: May 15 Updated: Jul 20 at 11:17PM Checked: Jul 21 at 8:39AM
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
Investment Insights
Based on property information with market context.
This offering is an 11,352-square-foot industrial building on 2.52 acres, with a plan to subdivide. The seller indicates that buildings can be created starting at 2,800 square feet, with details available by request.
The property is zoned for industrial use and is located in the Mulberry area. The site is intended for industrial development in its current configuration, with the subdivision option supporting smaller-bay building opportunities.
For buyers seeking flexibility in layout and tenant sizing, the ability to subdivide suggests a phased or multi-structure approach, subject to confirmation of details provided by the seller.
The property is zoned for industrial use and is located in the Mulberry area. The site is intended for industrial development in its current configuration, with the subdivision option supporting smaller-bay building opportunities.
For buyers seeking flexibility in layout and tenant sizing, the ability to subdivide suggests a phased or multi-structure approach, subject to confirmation of details provided by the seller.
Key Highlights
- 11,352 SF industrial building for sale
- 2.52‑acre property in the Mulberry area
- Zoned for industrial use
Local Financial Insights For Warehouse
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 | $96.5k | $8.50 |
| − Vacancy | −$7.5k | −$0.66 |
| EGI | $89.0k | $7.84 |
| − OpEx | −$13.3k | −$1.18 |
| NOI | $75.6k | $6.66 |
11,352 SF · lease $8.50/SF/yr · vacancy 7.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$1.08M
$945.3K – $1.26M
NOI $75,621 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $190,959 @ 7.0% cap · market cap 14.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Demco Specialties Inc
Factory
Similar For Sale Nearby
Similar Off Market Nearby
- Carrolls Mini Storage — Prairie Mine Rd, Mulberry, FL 33860
- South Florida Intermodal Equipment Inc — 1445 Industrial Park Rd, Mulberry, FL 33860
FAQs
What type of property is this?
Warehouse - Industrial building offered for sale, zoned for industrial use, with a subdivision option for smaller buildings.
Where is this warehouse located?
The property is located at 607 Prairie Mine Rd Mulberry, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 11,352 SF industrial building for sale; 2.52‑acre property in the Mulberry area; Zoned for industrial use
