Gainesville Warehouses Near Depot
For Sale
Contact for pricing
250 SE 10th Ave, Gainesville, FL
Two warehouses on 1.26 acres near Depot Park.
Property Size19,374 SF
Lot Size0.68 Acres
Price / SF$100.65
Days on Market499
Property Features for 250 SE 10th Ave
General Information
Standard status
Active
Size
19,374 SF
Lot size
0.68 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Properties For Sale
at 250 SE 10th Ave Contact us- Floor
- Bldg
- Size
- 5,891 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, Now
- Sublease
- No
250 SE 10th Ave
CBS Warehouses are available for lease! The warehouse at 250 SE 10th Avenue offers...
show more
Contact us
Listing Agency:
Bosshardt Realty Services
Listed By:
Eric Ligman · License #3086548
(352) 256-2112
Source:
Moodyscre
Added: May 2, 2025
Changed: Aug 8
Last Checked: Sep 12 at 7:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bosshardt Realty Services
Investment Insights
Based on property information with market context.
Two CBS warehouses are located near Depot Park, situated on 1.26 acres. New roofs were installed in April 2021. Warehouse #1, located at 130 SE 10th Ave, features 10 bays with 18-foot high Twin T ceilings and nine 12'x16' rollup doors. Warehouse #2 has 6 bays, 17-foot high metal ceilings, four bays with 14-foot rollup doors, and eight 7'x8' rollup doors. The property is fully fenced and provides three parking spaces per bay. It features three-phase power and is zoned I-1.
Key Highlights
- Two CBS warehouses on 1.26 acres near Depot Park
- New roofs installed April 2021
- Warehouse #1 features 10 bays with 18' high Twin T ceilings and nine 12'x16' roll‑up doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$141,542
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,830,840
$2.8M
Cap Rate 7%
$2,022,029
$2.0M
Cap Rate 9%
$1,572,689
$1.6M
Market Conditions
NOI Build-Up for 19,374 SF
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.
Gross rent
$174.4K $9.00/SF
− Vacancy
−$7.8K −$0.41/SF
EGI
$166.5K $8.59/SF
− OpEx
−$25.0K −$1.29/SF
NOI
$141.5K $7.31/SF
Area
Gainesville, FL
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,830,840
Cap Rate 7%
$2,022,029
Cap Rate 9%
$1,572,689
Alternative Uses
Best Use
Warehouse
$2.02M
$1.77M – $2.36M
NOI $141,542 @ 7.0% cap · market cap 7.26%
Second Best
Industrial
$1.88M
$1.64M – $2.19M
NOI $131,414 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$4.80M
$4.20M – $5.60M
NOI $335,899 @ 7.0% cap · market cap 17.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 2 College Brothers Moving and Storage - Gainesville Movers — 1847 S Main St, Gainesville, FL 32601
- Iron Mountain — 5905 N Waldo Rd, Gainesville, FL 32601
- Affordable Self Storage, Inc — 1132 S Main St, Gainesville, FL 32601
- Trimark Properties — 926 SW 2nd Ave, Gainesville, FL 32601
Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouses on 1.26 acres near Depot Park.
Where is this warehouse located?
The property is located at 250 SE 10th Ave Gainesville, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Two CBS warehouses on 1.26 acres near Depot Park; New roofs installed April 2021; Warehouse #1 features **10 bays with 18' high Twin T ceilings** and nine 12'x16' roll‑up doors
