Net-Leased Warehouse and
3205 SW 47TH Avenue Gainesville, FL 32608
For Sale
$1,997,500
SINGLE_FAMILY - GAINESVILLE, FL
Property Size5,801 SF
Lot Size0.15 Acres
Price / SF$344.34
Days on Market330
Property Features for 3205 SW 47TH Avenue
General Information
Property type
Residential
Property subtype
Office
Zoning
BUS
Standard status
Active
APN
07240-022-000
Size
5,801 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
COM NE COR GARY GRT S 05 DEG 04 MIN 33 SEC E 5747.92 FT SWLY ALG CURVE 409.86 FT S 85 DEG 40 MIN 17 SEC W 830.27 FT S 04 DEG 19 MIN 43 SEC E 663.04 FT N 50 DEG 03 MIN 14 SEC E 373.96 FT N 04 DEG 19 MIN 43 SEC W 134.40 FT N 04 DEG 19 MIN 43 SEC W 132. 40 FT N 85 DEG 40 MIN 17 SEC E 85 FT POB N 85 DEG 40 MIN 17 SEC E 100 FT S 04 DEG 19 MIN 43 SEC E 66.67 FT S 85 DEG 40 MIN 17 SEC W 100 FT N 04 DEG 19 MIN 43 SEC W 66.67 FT POB AKA BLDG 2 OR BLDG B OR 3085/1429
Tax Annual Amount
10986
Utilities
Cooling system
Central Air
Building Details
Year built
2005
Building materials
Brick
Roof type
Metal
Listing Agency:
BOSSHARDT REALTY SERVICES, LLC
(352) 671-8203
Listed By:
Robert Caniff · License ##SL3476286
(352) 317-9705
Added: Sep 3, 2025
Changed: Jul 20
Last Checked: Jul 29 at 11:06PM
MLS# GC533715
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This net-leased commercial property totals 7,727 square feet, including 5,801 square feet of heated and cooled space. The offering also includes an additional 0.11-acre parcel, creating room for potential expansion or value-enhancement.
The property is leased to ADT LLC under a recently extended lease through April 2029, and the lease includes built-in annual rent escalations. ADT operates the site as its primary warehouse and office hub for North Florida and South Georgia, and the tenant pays operating expenses and real estate taxes, supporting lower day-to-day landlord involvement.
The property is presented as a 1031 exchange opportunity with current NOI of approximately $154,930 per year.
The property is leased to ADT LLC under a recently extended lease through April 2029, and the lease includes built-in annual rent escalations. ADT operates the site as its primary warehouse and office hub for North Florida and South Georgia, and the tenant pays operating expenses and real estate taxes, supporting lower day-to-day landlord involvement.
The property is presented as a 1031 exchange opportunity with current NOI of approximately $154,930 per year.
Key Highlights
- 7,727 SF commercial building (5,801 SF heated and cooled) with brick construction and a metal roof
- Single tenant net lease to ADT LLC with lease extended through April 2029 and operating history over 20 years
- Current NOI approximately $154,930/year and offered at $1,997,500 (6.5% cap rate)
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.9k | $19.80 |
| − Vacancy | −$18.4k | −$3.17 |
| EGI | $96.5k | $16.63 |
| − OpEx | −$24.1k | −$4.16 |
| NOI | $72.4k | $12.47 |
5,801 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.03M
$904.5K – $1.21M
NOI $72,362 @ 7.0% cap · market cap 3.62%
Second Best
Warehouse
$605.4K
$529.8K – $706.4K
NOI $42,381 @ 7.0% cap · market cap 2.12%
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,575 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hill's Warehouse — 3707 SW 42nd Ave, Gainesville, FL 32608
- StorQuest Self Storage — 4430 SW 34th St, Gainesville, FL 32608
Frequently Asked Questions
What type of property is this?
Warehouse - Net-leased warehouse and office totaling 7,727 SF, including heated space and a separate parcel for potential expansion.
Where is this warehouse located?
The property is located at 3205 SW 47TH Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,997,500.
What are key features of this property?
This property features: 7,727 SF commercial building (5,801 SF heated and cooled) with brick construction and a metal roof; Single tenant net lease to ADT LLC with lease extended through April 2029 and operating history over 20 years; Current NOI approximately $154,930/year and offered at $1,997,500 (6.5% cap rate)
