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    12 5 Ln Williston, FL 32696

    Sponsored
    For Lease
    Contact for pricing

    Flex, Warehouse, Distribution Space

    Lot size:
    51,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional industrial property in Williston, FL, offers 51,000 square feet of versatile space across three buildings situated on a 6.19-acre lot. The property boasts two main buildings, each approximately 26,500 square feet, ideally suited for warehouse, light industrial, or distribution uses. Building 1 features 1,800 square feet of office space, a covered loading dock, and a 12-foot ceiling height, plus an unfinished 4,500 square foot upper level. Building 2 offers 2,700 square feet of office space, 22-foot ceilings, and five truck-height loading docks. A third, 8,000-square-foot building provides additional storage or workshop space. The property underwent complete interior and exterior renovations in 2024, including new roofs. Buildings 1 and 2 are connectable via an enclosed corridor. The property enjoys convenient access to US Hwy 41/Alt 27, with two paved entrances off NW 5th Place. Minimum divisible space is 25,000 square feet, with a maximum contiguous space of 26,000 square feet. The property is comprised of two suites and is located in Levy County, Florida, with the APN 0478000000. This prime location and extensive recent renovations make this an unparalleled opportunity for businesses seeking efficient and modern industrial space.

    Property Features for 12 5 Ln

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,000 SF

    Building Details

    Year Renovated
    2024
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Building 3
    Size
    8,000 SF
    Space
    Building 2
    Size
    26,500 SF
    Space
    Building 1
    Size
    26,500 SF

    We can help!

    Listing Contact
    Dan Drotos
    Dan Drotos

    Learn more

    HighLights

    • 51,000 SF industrial property on 6.19 acres in Williston, FL, with three buildings.
    • Recently renovated (2024) with new roofs.
    • Convenient access to US Hwy 41/Alt 27, with two paved entrances.
    • Buildings offer a mix of office and warehouse space, suitable for various industrial uses.
    • Building 1: 1,800 SF office, covered loading dock, 12' ceilings, and a 4,500 SF unfinished upper level. Building 2: 2,700 SF office, five truck‑high loading docks, and 22' ceilings. Building 3: 8,000 SF for storage or workshop.
    • Buildings 1 & 2 are connectable. Minimum divisible space: 25,000 SF; maximum contiguous space: 26,000 SF. APN: 0478000000. Located 17 miles from Gainesville and 21 miles from Ocala.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Law Firm Building Supply Auto Repair Shop Auto Parts Store Kitchen & Bath Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Levy
    State
    Florida
    Longitude
    -82.448936492166
    Latitude
    29.393900258045

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    FAQs

    What type of property is this?
    Manufacturing property - Flex, Warehouse, Distribution Space
    Where is this manufacturing property located?
    The property is located at 12 5 Ln Williston, FL.
    What are key features of this property?
    This property features: 51,000 SF industrial property on 6.19 acres in Williston, FL, with three buildings.; Recently renovated (2024) with new roofs.; Convenient access to US Hwy 41/Alt 27, with two paved entrances.
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    12 5 Ln Williston, FL 32696
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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.

    More about this property
    12 5 Ln Williston, FL 32696
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    We can help!
    Listing Contact
    Dan Drotos
    Dan Drotos
    Real Estate License ID: FL 3255693
    Learn more
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