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Property profile & analytics
OFF-MARKET
Warehouses

3895 L.m. Gaines Blvd Starke, FL 32091

31,544 SF 3.6 ac lot Built 1993
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Year built 1993
Total area 31,544 SF
Lot 3.6 ac (156,816 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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