Gainesville Flex Space with Roll-Up
For Sale
Contact for pricing
Pending
1995 NE 31st Ave, Gainesville, FL 32609
Flex space with high ceilings, roll-up doors, and office area.
Property Size7,680 SF
Days on Market191
Property Features for 1995 NE 31st Ave
General Information
Standard status
Pending
Size
7,680 SF
Property subtype
Industrial, Office
Zoning
I-2
Lease Type
NNN
Building Details
Year Renovated
2010
Listing Agency:
Bosshardt Realty Services
(352) 256-2112
Listed By:
Eric Ligman · License #3086548
Source:
Crexi
Added: Feb 5
Changed: Aug 14
Last Checked: Aug 14 at 7:24AM
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.
This property offers 7,680 square feet of flex space, featuring 16-foot ceiling heights and two 12-foot roll-up doors. The office area is temperature controlled, making it suitable for showroom or production purposes. Located in Gainesville, the property provides convenient access to major highways. Nearby amenities include restaurants such as Peach Valley Café and Bonefish Grill, as well as recreational areas like Northside Park. The site's proximity to the University of Florida and Santa Fe College offers access to a strong labor pool and professional resources.
Key Highlights
- 16‑foot ceiling heights and two 12‑foot roll‑up doors.
- Temperature‑controlled office area suitable for showroom or production.
- Convenient Gainesville location with quick access to major highways.
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
$52,093
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
8.03%
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%
$1,041,860
$1.0M
Cap Rate 7%
$744,186
$744.2K
Cap Rate 9%
$578,811
$578.8K
Market Conditions
NOI Build-Up for 7,680 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
$78.3K $10.20/SF
− Vacancy
−$3.9K −$0.51/SF
EGI
$74.4K $9.69/SF
− OpEx
−$22.3K −$2.91/SF
NOI
$52.1K $6.78/SF
Area
Gainesville, FL
Vacancy
5.00%
Lease Rate
$10.20 /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%
$1,041,860
Cap Rate 7%
$744,186
Cap Rate 9%
$578,811
Alternative Uses
Best Use
Flex RnD
$1.03M
$900.4K – $1.20M
NOI $72,035 @ 7.0% cap · market cap 11.10%
Second Best
Industrial
$744.2K
$651.2K – $868.2K
NOI $52,093 @ 7.0% cap · market cap 8.03%
Theoretical Best
Office A
$1.90M
$1.66M – $2.22M
NOI $133,153 @ 7.0% cap · market cap 20.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Under-served
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
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- Hill's Bar-b-que & Catering — 2626 NE 39th Ave, Gainesville, FL 32609
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with high ceilings, roll-up doors, and office area.
Where is this flex space located?
The property is located at 1995 NE 31st Ave Gainesville, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 16‑foot ceiling heights and two 12‑foot roll‑up doors.; Temperature‑controlled office area suitable for showroom or production.; Convenient Gainesville location with quick access to major highways.
