Lady Lake Industrial Facility For
For Sale
$6,950,000
722 Duck Lake Rd, Lady Lake, FL 32159
Industrial/light manufacturing buildings totaling 62,420 SF on 4.57 acres.
Property Size62,420 SF
Lot Size4.57 Acres
Price / SF$111.34
Days on Market190
Property Features for 722 Duck Lake Rd
General Information
Standard status
Active
Size
62,420 SF
Lot size
4.57 Acres
Building Details
Year Built
1987
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
Listed By:
Daniel Tatro · License #3190991
(352) 787-6966
Source:
Livewelltampabay
Added: Apr 22
Changed: Oct 25
Last Checked: Oct 7 at 3:11PM
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 GRIZZARD COMMERCIAL REALESTATE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Available for sale is an industrial and light manufacturing facility located in Lady Lake, bordering The Villages. The property includes two buildings with a total area of approximately 62,420 square feet. Building 1 encompasses approximately 42,900 square feet, while Building 2 comprises approximately 19,520 square feet. The buildings are situated on approximately 4.57 acres of land. Building 1 features six grade-level doors, each measuring 18 feet wide and 15 feet high. Building 2 is equipped with three curtain doors, each measuring 20 feet wide and 14 feet high; one of these doors has a loading dock, and two are grade-level doors. The buildings are serviced by 480v 3-phase main power. Building 1 includes approximately 3,554 square feet of office space, and Building 2 has approximately 1,132 square feet of office space. The location is considered advantageous for industrial and manufacturing purposes.
Key Highlights
- Rare industrial/light manufacturing building in Lady Lake bordering The Villages.
- Total of 62,420 +/- Sq. Ft. across two buildings.
- 4. 57 +/- acre lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$348,694
Cap Rate
5.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,973,880
$7.0M
Cap Rate 7%
$4,981,343
$5.0M
Cap Rate 9%
$3,874,378
$3.9M
Market Conditions
NOI Build-Up for 62,420 SF
Gross rent
$546.8K $8.76/SF
− Vacancy
−$48.7K −$0.78/SF
EGI
$498.1K $7.98/SF
− OpEx
−$149.4K −$2.39/SF
NOI
$348.7K $5.59/SF
Area
Lake County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,973,880
Cap Rate 7%
$4,981,343
Cap Rate 9%
$3,874,378
Alternative Uses
Best Use
Industrial
$4.98M
$4.36M – $5.81M
NOI $348,694 @ 7.0% cap · market cap 5.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.76M
$15.54M – $20.72M
NOI $1,243,406 @ 7.0% cap · market cap 17.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
530
Businesses Nearby
Explore this area
Business Placement
Demographics for 32159, FL
30,455
Population
19,670
Households
1.5
Avg Household Size
69
Median Age
29%
College-Educated
95%
High-School Grad
30.2 sq mi
ZIP Area
1,008
Density / Sq Mi
$57,536
Median Household Income
$30,723
Median Earnings
$1,370
Median Rent
$272,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial/light manufacturing buildings totaling 62,420 SF on 4.57 acres.
Where is this industrial property located?
The property is located at 722 Duck Lake Rd Lady Lake, FL.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: Rare industrial/light manufacturing building in Lady Lake bordering The Villages.; Total of 62,420 +/- Sq. Ft. across two buildings.; 4. 57 +/- acre lot.
