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    2502-2544 Jmt Industrial Dr Apopka, FL 32703

    Sponsored
    For Lease
    $13 SF/Yr

    Small bay warehouse, multiple suites available.

    Lot size:
    55,720 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional industrial property, located at 2502-2544 JMT Industrial Drive in Apopka, Florida, 32703, offers a total of 55,720 square feet of warehouse space. The property is zoned IND-2/IND-3 and is ideal for businesses seeking flexible space options. Currently, there are 10,600 square feet of vacant space available for lease, divisible into units as small as 1,800 square feet. The maximum contiguous space available is 8,800 square feet. The building features three total suites, providing a variety of configurations to suit different business needs. The warehouse boasts ceiling heights ranging from 17 to 19 feet, offering ample vertical space for storage and operations. Five loading docks provide efficient access for loading and unloading goods. This prime location in Orange County offers easy access to major transportation routes, making it an excellent choice for businesses requiring convenient logistics. The property is classified as a small bay warehouse, making it particularly suitable for smaller to medium-sized businesses. Interested parties are encouraged to inquire about lease terms and availability.

    Property Features for 2502-2544 Jmt Industrial Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    55,720 SF
    Total Rate
    60363.33

    Unit(s) available at that property

    Space
    Unit 101 - 2530 JMT Industrial Drive
    Size
    8,800 SF
    Rate per SF
    $14
    Space
    2538 JMT Industrial Dr
    Size
    3,300 SF
    Rate per SF
    $13
    Space
    Unit 108
    Size
    1,800 SF
    Rate per SF
    $13

    HighLights

    • Five (5) single‑story warehouse buildings totaling 55,720 square feet (SF).
    • Clear heights range from 17' to 19'.
    • 13' x 14' grade‑level overhead doors.
    • 10% air‑conditioned office space; 90% warehouse space.
    • Convenient location near Overland Road, 1.2 miles from US Hwy 441/Maitland Blvd interchange.
    • IND‑2/IND‑3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Hotel & Motel Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Apopka
    County
    Orange
    State
    Florida
    Longitude
    -81.4632206
    Latitude
    28.6300572

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    FAQs

    What type of property is this?
    Distribution property - Small bay warehouse, multiple suites available.
    Where is this distribution property located?
    The property is located at 2502-2544 Jmt Industrial Dr Apopka, FL.
    What is the lease rate?
    The lease rate is $13-$14 SF/Yr.
    What are key features of this property?
    This property features: Five (5) single-story warehouse buildings totaling 55,720 square feet (SF).; Clear heights range from 17' to 19'.; 13' x 14' grade-level overhead doors.
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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.

    Alternative use

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

    More about this property
    2502-2544 Jmt Industrial Dr Apopka, FL 32703
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