Industrial Warehouse with Service
For Sale
$1,395,000
4141 NW 6th St, Gainesville, FL 32609
Turnkey former automotive facility with 10 roll-up doors, office space, three-phase power, and sizable secured yard.
Property Size9,536 SF
Lot Size1.60 Acres
Price / SF$146.29
Days on Market43
Property Features for 4141 NW 6th St
General Information
Standard status
Active
Size
9,536 SF
Lot size
1.60 Acres
Property subtype
Industrial
Zoning
I-1
Site & Location
Traffic Count
12,100 vehicles/day
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Heavy Power
Yes
Service Bays
10
Building Details
Building Size
9,536 SF
Year Built
1967
Listing Agency:
Lee & Associates Gainesville
Listed By:
Brian Oen · License #BK3372787
(352) 494-2100
Source:
Lee-associates
Added: Jul 26
Changed: Sep 4
Last Checked: Sep 5 at 5:44AM
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 Lee & Associates Gainesville
Investment Insights
Based on property information with market context.
This 9,536± SF industrial warehouse with office is set up as a turnkey former automotive service facility. The building includes ten service bays with multiple overhead door sizes, including one oversized bay, plus integrated office and reception areas. The property is equipped with three-phase power, a complete air compression system, and hydraulic piping for overhead oil pumps. Additional functional support includes a dedicated parts room. Recent improvements include new roll-up doors throughout, a new thermoplastic roof over the office and reception areas, and LED lighting throughout.
The site sits on 1.60± acres and offers paved parking along with additional yard space for outside storage or fleet parking. The property is zoned I-1, supporting a range of industrial and commercial uses.
With its service-bay configuration, updated building components, and ready-to-operate infrastructure, this facility is designed for immediate occupancy and practical day-to-day service and storage operations.
The site sits on 1.60± acres and offers paved parking along with additional yard space for outside storage or fleet parking. The property is zoned I-1, supporting a range of industrial and commercial uses.
With its service-bay configuration, updated building components, and ready-to-operate infrastructure, this facility is designed for immediate occupancy and practical day-to-day service and storage operations.
Key Highlights
- 9,536± SF industrial warehouse with office on 1.60± acres, zoned I‑1 for industrial and commercial uses
- Turnkey former automotive service facility with 10 roll‑up doors, including one oversized bay
- Three‑phase power plus complete air compression system and hydraulic piping for overhead oil pumps
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
$101,109
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
7.25%
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%
$2,022,180
$2.0M
Cap Rate 7%
$1,444,414
$1.4M
Cap Rate 9%
$1,123,433
$1.1M
Market Conditions
NOI Build-Up for 9,536 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
$154.5K $16.20/SF
− Vacancy
−$10.0K −$1.05/SF
EGI
$144.4K $15.15/SF
− OpEx
−$43.3K −$4.54/SF
NOI
$101.1K $10.60/SF
Area
Gainesville, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
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%
$2,022,180
Cap Rate 7%
$1,444,414
Cap Rate 9%
$1,123,433
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.69M
NOI $101,109 @ 7.0% cap · market cap 7.25%
Second Best
Warehouse
$995.3K
$870.9K – $1.16M
NOI $69,668 @ 7.0% cap · market cap 4.99%
Theoretical Best
Office A
$2.36M
$2.07M – $2.76M
NOI $165,331 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
10
Service bays
12,100 VPD
Traffic count
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
595
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32609, FL
18,322
Population
8,515
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
117.5 sq mi
ZIP Area
156
Density / Sq Mi
$48,121
Median Household Income
$34,041
Median Earnings
$1,159
Median Rent
$174,500
Median Home Value
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
- Store Space Self Storage — 3728 N Main St, Gainesville, FL 32609
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- Self-Storage at U-Haul — 4821 NW 6th St, Gainesville, FL 32609
Frequently Asked Questions
What type of property is this?
Warehouse - Turnkey former automotive facility with 10 roll-up doors, office space, three-phase power, and sizable secured yard.
Where is this warehouse located?
The property is located at 4141 NW 6th St Gainesville, FL.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 9,536± SF industrial warehouse with office on 1.60± acres, zoned I‑1 for industrial and commercial uses; Turnkey former automotive service facility with 10 roll‑up doors, including one oversized bay; Three‑phase power plus complete air compression system and hydraulic piping for overhead oil pumps
