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21021 Highway 441 N 2,870 SF Flex Building Micanopy, FL 32667 $599,999 ($209.06/SF) 9.58% Cap Rate
Investment Highlights
- High visibility frontage on US Hwy 441
Executive Summary
Excellent investment opportunity featuring a 2,870 SF industrial office/warehouse building with high-visibility frontage on US Hwy 441. The property includes a .9-acre laydown yard and is situated on two parcels totaling 1.43 acres, zoned Commercial C-1.
The building features a mix of office, showroom, and warehouse space, including a large open work-space, multiple rooms, two restrooms, and a dedicated office.
This asset is tenant-occupied through 2032 under a 10-year lease, rolling into Year 3 in July 2025. Annual base rent begins at $57,458.34, offering a 9.58% cap rate, with 3% annual escalators in place for steady income growth. A solid, income-producing property with stable tenancy, flexible zoning, and prime highway exposure—ideal for investors seeking dependable returns.
The building features a mix of office, showroom, and warehouse space, including a large open work-space, multiple rooms, two restrooms, and a dedicated office.
This asset is tenant-occupied through 2032 under a 10-year lease, rolling into Year 3 in July 2025. Annual base rent begins at $57,458.34, offering a 9.58% cap rate, with 3% annual escalators in place for steady income growth. A solid, income-producing property with stable tenancy, flexible zoning, and prime highway exposure—ideal for investors seeking dependable returns.
Property Facts Under Contract
| Price | $599,999 | Lot Size | 1.43 AC |
| Price Per SF | $209.06 | Rentable Building Area | 2,870 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 9.58% | Year Built | 1980 |
| Property Type | Flex | Tenancy | Single |
| Building Class | C | ||
| Zoning | C1 - Neighborhood commercial | ||
| Price | $599,999 |
| Price Per SF | $209.06 |
| Sale Type | Investment |
| Cap Rate | 9.58% |
| Property Type | Flex |
| Building Class | C |
| Lot Size | 1.43 AC |
| Rentable Building Area | 2,870 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Tenancy | Single |
| Zoning | C1 - Neighborhood commercial |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $687 | |
| Land Assessment | $64,267 | Total Assessment | $211,136 |
Property Taxes
Parcel Numbers
Land Assessment
$64,267
Improvements Assessment
$687
Total Assessment
$211,136
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21021 Highway 441 N
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