Lady Lake Industrial Facility For
For Sale
$7,500,000
722 DUCK LAKE ROAD, 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$120.15
Days on Market126
Property Features for 722 DUCK LAKE ROAD
General Information
Standard status
Active
Size
62,420 SF
Lot size
4.57 Acres
Zoning
PUD
Taxes and HOA fees
Annual Taxes
$43,768
Amenities
Central Air, Wall/Window Unit(s)
Building Details
Building Size
62,420 SF
Year Built
1987
Stories
1
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
(352) 396-9136
Listed By:
Daniel Tatro · License #3190991
(352) 396-9136
Source:
Evrealestate
Added: Apr 21
Changed: Aug 23
Last Checked: Aug 23 at 9:30AM
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
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 = 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
$595,217
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
7.94%
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%
$11,904,340
$11.9M
Cap Rate 7%
$8,503,100
$8.5M
Cap Rate 9%
$6,613,522
$6.6M
Market Conditions
NOI Build-Up for 62,420 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
$898.8K $14.40/SF
− Vacancy
−$48.5K −$0.78/SF
EGI
$850.3K $13.62/SF
− OpEx
−$255.1K −$4.09/SF
NOI
$595.2K $9.54/SF
Area
Sumter County, FL
Vacancy
5.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
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%
$11,904,340
Cap Rate 7%
$8,503,100
Cap Rate 9%
$6,613,522
Alternative Uses
Best Use
Industrial
$8.50M
$7.44M – $9.92M
NOI $595,217 @ 7.0% cap · market cap 7.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.87M
$15.64M – $20.85M
NOI $1,250,897 @ 7.0% cap · market cap 16.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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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 ROAD Lady Lake, FL.
What is the asking price?
The asking price for this property is $7,500,000.
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.
