Hawthorne Industrial/Cold Storage
For Sale
$2,295,000
19450 East County Road 1474, Hawthorne, FL 32640
28,000 SF industrial building with freezer and cooler space.
Property Size28,000 SF
Price / SF$81.96
Days on Market166
Property Features for 19450 East County Road 1474
General Information
Standard status
Active
Size
28,000 SF
Property subtype
Industrial
Building Details
Building Size
28,000 SF
Year Built
2011
Listing Agency:
Lee & Associates Gainesville
(352) 494-2100
Listed By:
Brian Oen · License #BK3372787
(352) 494-2100
Source:
Lee-associates
Added: Mar 4
Changed: Aug 13
Last Checked: Aug 16 at 4:19AM
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.
Located in Hawthorne, Florida, this property features a 28,000 square foot building constructed in 2011. The building is zoned Agricultural and is suitable for industrial or refrigerated/cold storage. The property includes 20’ x 30’ of freezer storage (-10°F), approximately 11,000 square feet of cooler space (32–45°F), and approximately 9,000 square feet for ambient dry storage or staging. The processing floor is suitable for light food production or prep. The building is equipped with 16-3 phase power cooling units to deliver the appropriate temperature. The property is positioned near key transportation arteries and major markets, and the historic downtown district of Hawthorne.
Key Highlights
- 28,000 square foot building suitable for industrial or refrigerated/cold storage.
- Features 11,000± SF of cooler space (32–45°F) and 20’ x 30’ of freezer storage (-10°F).
- Constructed in 2011, offering modern infrastructure.
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
$204,561
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
8.91%
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%
$4,091,220
$4.1M
Cap Rate 7%
$2,922,300
$2.9M
Cap Rate 9%
$2,272,900
$2.3M
Market Conditions
NOI Build-Up for 28,000 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
$252.0K $9.00/SF
− Vacancy
−$11.3K −$0.41/SF
EGI
$240.7K $8.59/SF
− OpEx
−$36.1K −$1.29/SF
NOI
$204.6K $7.31/SF
Area
Alachua County, 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%
$4,091,220
Cap Rate 7%
$2,922,300
Cap Rate 9%
$2,272,900
Alternative Uses
Best Use
Warehouse
$2.92M
$2.56M – $3.41M
NOI $204,561 @ 7.0% cap · market cap 8.91%
Second Best
Industrial
$2.71M
$2.37M – $3.17M
NOI $189,924 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$7.06M
$6.18M – $8.24M
NOI $494,122 @ 7.0% cap · market cap 21.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32640, FL
10,281
Population
5,353
Households
1.9
Avg Household Size
51
Median Age
14%
College-Educated
84%
High-School Grad
187.7 sq mi
ZIP Area
55
Density / Sq Mi
$58,727
Median Household Income
$35,833
Median Earnings
$959
Median Rent
$153,600
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.
Frequently Asked Questions
What type of property is this?
Warehouse - 28,000 SF industrial building with freezer and cooler space.
Where is this warehouse located?
The property is located at 19450 East County Road 1474 Hawthorne, FL.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 28,000 square foot building suitable for industrial or refrigerated/cold storage.; Features 11,000± SF of cooler space (32–45°F) and 20’ x 30’ of freezer storage (-10°F).; Constructed in 2011, offering modern infrastructure.
