Warehouse Office Flex
For Sale
$425,000
607 Prairie Mine Road, Mulberry, FL 33860
Turnkey warehouse production space with ready office areas for manufacturing operations.
Property Size4,080 SF
Price / SF$104.17
Days on Market94
Property Features for 607 Prairie Mine Road
General Information
Standard status
Active
Size
4,080 SF
Property subtype
Industrial - Manufacturing
Additional Details
Business Included
No
Building Details
Building Size
4,080 SF
Listing Agency:
Steinbauer Associates
Listed By:
Kyle Vreeland · License #BK3233818
(863) 608-1231
Source:
Commercialcafe
Added: Jul 27
Changed: Oct 25
Last Checked: Oct 28 at 5:10AM
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
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Investment Insights
Based on property information with market context.
This warehouse/office flex facility offers approximately 4,080+/- square feet designed to support a turnkey manufacturing operation. The layout includes dedicated office space along with a warehouse production area suited for in-house manufacturing workflows.
The property is offered for sale and is described as warehouse/office ready for immediate operational use, with office and production areas built into the same facility.
For buyers seeking a single-site setup that combines administrative space with a production-oriented warehouse, this configuration provides both office and manufacturing space within the overall footprint.
The property is offered for sale and is described as warehouse/office ready for immediate operational use, with office and production areas built into the same facility.
For buyers seeking a single-site setup that combines administrative space with a production-oriented warehouse, this configuration provides both office and manufacturing space within the overall footprint.
Key Highlights
- 4,080+/- SF warehouse/office space ready for a manufacturing operation
- Includes office space along with warehouse production area
- Set up for a turnkey manufacturing operation with ready production and office areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,179
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$543,580
$543.6K
Cap Rate 7%
$388,271
$388.3K
Cap Rate 9%
$301,989
$302.0K
Market Conditions
NOI Build-Up for 4,080 SF
Gross rent
$34.7K $8.50/SF
− Vacancy
−$2.7K −$0.66/SF
EGI
$32.0K $7.84/SF
− OpEx
−$4.8K −$1.18/SF
NOI
$27.2K $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%
$543,580
Cap Rate 7%
$388,271
Cap Rate 9%
$301,989
Alternative Uses
Best Use
Warehouse
$388.3K
$339.7K – $453.0K
NOI $27,179 @ 7.0% cap · market cap 6.40%
Second Best
Flex RnD
$313.7K
$274.5K – $366.0K
NOI $21,959 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$980.5K
$857.9K – $1.14M
NOI $68,632 @ 7.0% cap · market cap 16.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
325
Businesses Nearby
Balanced
Demand for This Use
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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?
Flex space - Turnkey warehouse production space with ready office areas for manufacturing operations.
Where is this flex space located?
The property is located at 607 Prairie Mine Road Mulberry, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 4,080+/- SF warehouse/office space ready for a manufacturing operation; Includes office space along with warehouse production area; Set up for a turnkey manufacturing operation with ready production and office areas
