Property profile

2431 Destiny Way Odessa, FL 33556

OFF-MARKET
Warehouses
Property ID
US18-4723548
14,700 SF 1 ac lot Built 1988
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Property summary

AI-generated overview

This 14,700-square-foot industrial building in Odessa, Florida's West Pasco Industrial Park, is available for $2,450,000. Built in 1988 and renovated in 2016, this Class B property features 20-foot ceilings, ideal for storage and equipment. The building includes three 16-20 foot exterior bay doors and one loading dock. The 2,500-square-foot office space, added during the 2016 renovation, includes seven offices and three bathrooms. The warehouse area is divided into four sections (2,400 sq ft, 4,250 sq ft, 4,200 sq ft, and 1,350 sq ft). The building boasts a 12-inch thick, 4200PSI concrete fiber reinforced floor, custom hurricane shutters on every window, and a firewall separating the office and warehouse. New electrical panels (120V, 240V, and 480V up to 800 Amps) and a new HVAC system (two units) were installed in 2015. The floors receive new epoxy coating every two years. The property sits on one acre of land, conveniently located off SR-54 and near Starkey Ranch, providing easy access to major transportation routes. The permitted zoning is I2. Lease commencement is August 1, 2024. The property is vacant and ready for immediate occupancy.

Property profile

Verified
Property type Warehouses
Year built 1988
Total area 14,700 SF
Lot 1 ac (43,560 SF)
UPID US18-4723548

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Industrial Manufacturer Production Facility
  • Business Service Center

Location

2431 Destiny Way Odessa, FL 33556
Odessa metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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