3895 L.m. Gaines Blvd Starke, FL 32091
This exceptional investment opportunity presents a fee-simple, Class B industrial warehouse located at 3895 L.M. Gaines Blvd, Starke, FL 32091. The property boasts 30,000 square feet of net rentable space within a 31,544-square-foot building situated on a 3.6-acre lot in the Bradford County Enterprise Park, conveniently off US Highway 100. Built in 1993, the warehouse features three loading docks with three dock-high doors and ceiling heights ranging from 22 to 24 feet. Currently 100% occupied under an absolute NNN lease with a single tenant, the lease commenced November 12, 2024, and expires October 31, 2034, with two five-year renewal options. The lease includes a 3% annual rent increase. The property's Net Operating Income (NOI) is $247,200, making it an attractive investment with a strong return. The asking price is $3,600,000. The ample lot size offers potential for future expansion of approximately 18,000 square feet. This property is zoned for light industrial use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.