Gainesville Flex Space
7065 NW 22ND STREET A Gainesville, FL 32653
For Sale
$1,050,000
Impressive flex space with office, showroom, and warehouse areas.
Property Size10,826 SF
Lot Size0.20 Acres
Price / SF$96.99
Days on Market1192
Property Features for 7065 NW 22ND STREET A
General Information
Standard status
Active
Size
10,826 SF
Lot size
0.20 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
2008
Listing Agency:
HIGDON HOMES REALTY LLC
(863) 209-5243
Listed By:
Fatma Higdon · License #3409867
(863) 209-5243
Source:
Exitrealty
Added: Apr 25, 2023
Changed: Jul 10
Last Checked: Jul 29 at 8:49AM
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 HIGDON HOMES REALTY LLC
Investment Insights
Based on property information with market context.
Located in Gainesville, this flex space property at Plaza at Emerald Lake offers 10,826 square feet of finished office, showroom, and warehouse space. Additionally, the property includes a 2,452 square foot mezzanine that can be used for extra storage. This commercial property is situated in a desirable location.
Key Highlights
- Substantial 10,826 SF of finished office, showroom, and warehouse space.
- Additional 2,452 SF mezzanine for extra storage.
- Located in the desirable Plaza at Emerald Lake in Gainesville.
Financial Insights For Warehouse
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 | $97.4k | $9.00 |
| − Vacancy | −$4.4k | −$0.41 |
| EGI | $93.0k | $8.59 |
| − OpEx | −$14.0k | −$1.29 |
| NOI | $79.1k | $7.31 |
10,826 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Office B
$1.93M
$1.69M – $2.25M
NOI $135,044 @ 7.0% cap · market cap 12.86%
Second Best
Retail
$1.64M
$1.43M – $1.91M
NOI $114,787 @ 7.0% cap · market cap 10.93%
Theoretical Best
Office A
$2.68M
$2.35M – $3.13M
NOI $187,697 @ 7.0% cap · market cap 17.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Impressive flex space with office, showroom, and warehouse areas.
Where is this flex space located?
The property is located at 7065 NW 22ND STREET A Gainesville, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Substantial 10,826 SF of finished office, showroom, and warehouse space.; Additional 2,452 SF mezzanine for extra storage.; Located in the desirable Plaza at Emerald Lake in Gainesville.
