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    New Warehouse with Lay-Down Yard Title is generated by Realmo AI

    101 Stone Blvd, Gonzalez, FL 32533

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    Newly constructed warehouse with lay-down yard and distribution potential.

    Type:Industrial
    Added:
    Sep 22, 2023
    Days on Market:
    989
    Last Refresh:
    May 12 at 9:26 pm

    Property Features for 101 Stone Blvd

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    2023

    Spaces For Lease

    at 101 Stone Blvd Contact us

    $8/Mo

    Size
    47,150 SF
    Type
    Industrial
    Contact us

    We can help!

    Listing Contact
    Logan DeVries

    Listing agent Logan DeVries License #FL 3081272

    Listing office Devries Realty Group LLC

    Listing date Sep 22, 2023

    Source Crexi

    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 Devries Realty Group LLC

    HighLights

    • Full‑service lease includes real estate taxes/assessments, property insurance, structural repairs/maintenance, water/sewer, and average electricity use.
    • New, state‑of‑the‑art warehouse construction (2023).
    • Strategic location: just 8.5 miles from I‑10 and 12.5 miles from the Florida/Alabama line.
    • Multiple loading options: features (3) 10' x 10' dock high doors with leveling ramps and (2) 10' x 12' grade level roll‑up doors.
    • High ceiling clearance: 18' eve height and 25' center height.
    • Potential for on‑site assistance with loading/unloading from existing warehouse workers.

    Overview

    This newly constructed warehouse features a lay-down yard and the potential for additional square footage. Located 8.5 miles north of Interstate 10, a 14-minute drive up Highway 29, it is also 12.5 miles from the Florida/Alabama line on Interstate 10. Situated directly behind "Chemco Services" at 101 Stone Boulevard, the property offers two options for ingress/egress, including gated security to a paved parking pad. The metal building has an 18-foot eve clear height and a 25-foot center clear height, along with LED lighting, two restrooms, a fully sprinkled interior, and epoxy-painted floors. Office space can be discussed. The warehouse includes three 10-foot by 10-foot dock-high roll-up doors with leveling ramps, plus two 10-foot by 12-foot grade-level roll-up doors. The primary building onsite, housing "Chemco Services", is next door, and their existing warehouse workers can assist with loading and unloading, which is beneficial for a distribution facility. The lease rate is full service and includes real estate taxes/assessments, property insurance, structural repairs/maintenance, water/sewer, and average electricity use. Tenant expenses include telephone/data and above-average electricity usage. The property is located in Gonzalez, Florida.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Similar Places Nearby

    • Public Storage — 550 Muscogee Rd, Cantonment, FL 32533

    Map

    City
    Gonzalez
    County
    Escambia
    State
    Florida
    Longitude
    -87.3241
    Latitude
    30.6195

    FAQs

    What type of property is this?
    Warehouse - Newly constructed warehouse with lay-down yard and distribution potential.
    Where is this warehouse located?
    The property is located at 101 Stone Blvd Gonzalez, FL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: Full‑service lease includes real estate taxes/assessments, property insurance, structural repairs/maintenance, water/sewer, and average electricity use.; New, state‑of‑the‑art warehouse construction (2023).; Strategic location: just 8.5 miles from I‑10 and 12.5 miles from the Florida/Alabama line.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Logan DeVries
    Real Estate License ID: FL 3081272
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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