Industrial Office and Shop
For Sale
$1,300,000
0 Prairie Mine Road, Mulberry, FL 33860
Industrial, office, and shop property with three buildings totaling 11,352+/- sq. ft. on 2.52 acres.
Property Size11,352 SF
Lot Size2.52 Acres
Price / SF$114.52
Days on Market174
Property Features for 0 Prairie Mine Road
General Information
Standard status
Active
Size
11,352 SF
Lot size
2.52 Acres
Property subtype
Industrial - Manufacturing
Additional Details
Highway Access
Yes
Building Details
Building Size
11,352 SF
Listing Agency:
Steinbauer Associates
Listed By:
Kyle Vreeland · License #BK3233818
(863) 608-1231
Source:
Commercialcafe
Added: May 8
Changed: Oct 26
Last Checked: Oct 28 at 4:59AM
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 Steinbauer Associates
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Investment Insights
Based on property information with market context.
Industrial, office, and shop property located in Mulberry Industrial Park. The offering totals 11,352+/- sq. ft. across three separate buildings on 2.52 acres.
The owner is willing to subdivide, with a minimum building size of 2,800 sq. ft. The property is described as conveniently located in Central Florida off Highway 60.
With a multi-building configuration and potential for subdivision, the site may support a range of operational needs where separate building space is beneficial.
The owner is willing to subdivide, with a minimum building size of 2,800 sq. ft. The property is described as conveniently located in Central Florida off Highway 60.
With a multi-building configuration and potential for subdivision, the site may support a range of operational needs where separate building space is beneficial.
Key Highlights
- Industrial/office/shop property in Mulberry Industrial Park with three buildings totaling 11,352+/- SF
- Set on 2.52 acres in the Lakeland/Mulberry area
- Owner willing to subdivide with a minimum building size of 2,800 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$61,096
Cap Rate
4.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,920
$1.2M
Cap Rate 7%
$872,800
$872.8K
Cap Rate 9%
$678,844
$678.8K
Market Conditions
NOI Build-Up for 11,352 SF
Gross rent
$102.2K $9.00/SF
− Vacancy
−$8.2K −$0.72/SF
EGI
$94.0K $8.28/SF
− OpEx
−$32.9K −$2.90/SF
NOI
$61.1K $5.38/SF
Area
Polk County, FL
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,221,920
Cap Rate 7%
$872,800
Cap Rate 9%
$678,844
Alternative Uses
Best Use
Office B
$1.99M
$1.74M – $2.32M
NOI $139,459 @ 7.0% cap · market cap 10.73%
Second Best
Flex RnD
$872.8K
$763.7K – $1.02M
NOI $61,096 @ 7.0% cap · market cap 4.70%
Theoretical Best
Office A
$2.73M
$2.39M – $3.18M
NOI $190,959 @ 7.0% cap · market cap 14.69%
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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
298
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 33860, FL
24,932
Population
9,649
Households
2.6
Avg Household Size
36
Median Age
15%
College-Educated
83%
High-School Grad
98.4 sq mi
ZIP Area
253
Density / Sq Mi
$62,779
Median Household Income
$37,688
Median Earnings
$1,150
Median Rent
$221,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial, office, and shop property with three buildings totaling 11,352+/- sq. ft. on 2.52 acres.
Where is this flex space located?
The property is located at 0 Prairie Mine Road Mulberry, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Industrial/office/shop property in Mulberry Industrial Park with three buildings totaling 11,352+/- SF; Set on 2.52 acres in the Lakeland/Mulberry area; Owner willing to subdivide with a minimum building size of 2,800 SF
