Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prairie Mine Rd Mulberry, FL 33860

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Prairie Mine Rd Mulberry, FL 33860

    View on Map
    • Land
    • 26.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Prairie Mine Rd

    Lot size
    26.00 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 68-gross-acre property, with approximately 26 upland acres, presents a significant opportunity for industrial development in Mulberry, Florida. The land is zoned for heavy industrial use and boasts existing infrastructure including municipal water and sewer service provided by the City of Mulberry, and TECO electric. A gas line runs to the property, and there's potential for reinstating a rail spur, adding significant logistical advantages. Potential uses are diverse and include heavy manufacturing, warehousing, trucking, trailer storage, and the development of an industrial park or mini-warehousing facilities. Its strategic location north of SR 60, a major east-west intra-state highway, provides easy access to I-75 and the Florida Turnpike, enhancing its connectivity and appeal. The property's APN numbers are: East Parcels: 23-30-02-000000-013010, 23-30-02-000000-031030, 23-30-02-000000-032090, 23-30-02-000000-032100, 23-30-02-000000-032040, 23-30-02-000000-032050, 23-30-02-000000-032060

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mulberry
    County
    Polk
    State
    Florida
    Longitude
    -81.9846
    Latitude
    27.9021

    Comparable in this City

    • Value Estimation by Request
      6.00 Acres

      2606 Cozart Rd

      Land • 6.00 Acres
      2606 Cozart Rd, Mulberry, FL 33860
      View Details
    • Value Estimation by Request
      25.00 Acres

      Cozart Rd

      Land • 25.00 Acres
      0 Cozart Rd, Mulberry, FL 33860
      View Details
    • Value Estimation by Request
      7.56 Acres

      Sunset Rd

      Land • 7.56 Acres
      0 Sunset Rd, Mulberry, FL 33860
      View Details
    • Value Estimation by Request
      27.00 Acres

      Cozart Rd

      Land • 27.00 Acres
      0 Cozart Rd, Mulberry, FL 33860
      View Details
    • Value Estimation by Request
      2.34 Acres

      Peerless Rd

      Land • 2.34 Acres
      0 Peerless Rd, Mulberry, FL 33860
      View Details
    • Value Estimation by Request
      0.67 Acres

      486 Caboose Pl

      INDUSTRIAL (GENERAL) • 0.67 Acres
      486 Caboose Pl, Mulberry, FL 33860
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.23 Acres

      Land in Mulberry, Florida

      0.23 acre lot in Mulberry, close to shopping and entertainment.
      Arnaz Dr, Mulberry, FL 33860
      View Details
    • Contact for pricing
      0.20 Acres

      Arnaz Road Land in Mulberry

      0.20 acre lot in Mulberry, Florida, near US HWY 60.
      Arnaz Dr, Mulberry, FL 33860
      View Details
    • Contact for pricing
      0.26 Acres

      Land with Pond View

      0.26 acre lot in Mulberry, FL with pond view.
      Arnaz Dr, Mulberry, FL 33860
      View Details
    • Contact for pricing
      0.26 Acres

      Land in Mulberry, Florida

      0.26 acre lot with pond view in Mulberry, Florida.
      Arnaz Dr, Mulberry, FL 33860
      View Details
    • Contact for pricing
      8,400 SF

      Seafood Storage, Distribution & Catering

      Equipped facility ideal for food-related and distribution businesses.
      174 NW 9Th Ave, Mulberry, FL 33860
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Light Industrial Warehouse with Offices

      Mulberry, Florida warehouse with offices, storage, and expansion potential.
      4055 Davis Rd, Mulberry, FL 33860
      View Details
    • $184 SF/Yr
      5,000 SF

      Prime Mulberry Flex Space Available

      5,000 SF Flex Space - 1,250 SF Vacant
      1840 Industrial Park Rd, Mulberry, FL 33860
      View Details
    • Contact for pricing

      Mulberry Outparcels For Rent

      Outparcels available in Publix-anchored center at signalized intersection.
      2040 Shepherd Rd, Mulberry, FL 33860
      View Details
    • Contact for pricing
      1,600 SF

      Retail Space on S Florida

      Retail space with frontage on S Florida Ave/SR 37.
      6751 N Church Ave, Mulberry, FL 33860
      View Details
    • $23,040
      840 SF

      Mulberry Retail Space For Rent

      Retail space available for lease in Mulberry, Florida.
      207 N Church Ave, Mulberry, FL 33860
      View Details
    • $19,440 /Mo

      Charming Office Suites in Mulberry

      Cottage-style office building with private suites for lease.
      207 N Church Ave, Mulberry, FL 33860
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Prairie Mine Rd
    Mulberry, FL 33860
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!