Fenced Flex
New
For Sale
$750,000
14562 KENNARD STREET, Waldo, FL 32694
Office, meeting, reception and display areas accompany shop, warehouse and storage space in a fenced property.
Property Size4,768 SF
Price / SF$157.30
Days on Market4
Property Features for 14562 KENNARD STREET
General Information
Standard status
Active
Size
4,768 SF
Property subtype
Business
Site & Location
Road Access
Yes
Fenced Yard
Yes
Additional Details
Office Build-Out
768 SF
Building Details
Year Built
2003
Listing Agency:
CARL TURLINGTON REAL ESTATE
(352) 372-9525
Listed By:
Joyce Peppel · License #3195588
(352) 538-5484
Source:
Dennisrealty
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 6:06AM
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 CARL TURLINGTON REAL ESTATE
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Investment Insights
Based on property information with market context.
Built in 2003, this flex property pairs a 768 SF office building with more than 4,000 SF of shop, warehouse and storage space. The office layout includes offices, a meeting area, reception and display space. The property is fenced and has signage.
The property is in Waldo, Florida, along a corridor between I-10 and Gainesville.
The property is in Waldo, Florida, along a corridor between I-10 and Gainesville.
Key Highlights
- More than 4,000 SF of shop, warehouse and storage space
- 768 SF office building with offices, meeting, reception and display areas
- Fenced property with signage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,721
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,420
$894.4K
Cap Rate 7%
$638,871
$638.9K
Cap Rate 9%
$496,900
$496.9K
Market Conditions
NOI Build-Up for 4,768 SF
Gross rent
$74.4K $15.60/SF
− Vacancy
−$5.6K −$1.17/SF
EGI
$68.8K $14.43/SF
− OpEx
−$24.1K −$5.05/SF
NOI
$44.7K $9.38/SF
Area
Alachua County, FL
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,420
Cap Rate 7%
$638,871
Cap Rate 9%
$496,900
Alternative Uses
Best Use
Flex RnD
$638.9K
$559.0K – $745.4K
NOI $44,721 @ 7.0% cap · market cap 5.96%
Second Best
Warehouse
$497.6K
$435.4K – $580.6K
NOI $34,834 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,142 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32694, FL
1,962
Population
1,305
Households
1.5
Avg Household Size
48
Median Age
24%
College-Educated
84%
High-School Grad
29.3 sq mi
ZIP Area
67
Density / Sq Mi
$40,455
Median Household Income
$36,862
Median Earnings
$673
Median Rent
$121,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Office, meeting, reception and display areas accompany shop, warehouse and storage space in a fenced property.
Where is this flex space located?
The property is located at 14562 KENNARD STREET Waldo, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: More than 4,000 SF of shop, warehouse and storage space; 768 SF office building with offices, meeting, reception and display areas; Fenced property with signage
