High-Clearance Warehouse With
For Sale
$885,000
22429 S US HIGHWAY 441, High Springs, FL 32643
Commercial Sale, HIGH SPRINGS, FL
Property Size6,627 SF
Lot Size4.00 Acres
Price / SF$133.54
Days on Market21
Property Features for 22429 S US HIGHWAY 441
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From High Springs take HWY 441 and the property is on the right
Subdivision
32643 - High Springs
Standard status
Active
APN
15-7S-17-09998-000
Size
6,627 SF
Lot size
4.00 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
BEG 100 FT E OF SW COR OF NW1/4 OF SW1/4, N 371.35 FT, E 180 FT, S 20 FT, E 302.82 FT, S 351.35 FT, W 482.82 FT TO POB. DC 638-164, 815-964,
Tax Annual Amount
5325
Legal Description
BEG 100 FT E OF SW COR OF NW1/4 OF SW1/4, N 371.35 FT, E 180 FT, S 20 FT, E 302.82 FT, S 351.35 FT, W 482.82 FT TO POB. DC 638-164, 815-964,
Utilities
Utilities
Electricity Available
Cooling system
Central Air
Amenities
reception area
conference rooms
kitchen
dining area
Building Details
Year built
1973
Floors in Building
1
Building materials
Metal Frame
Roof type
Metal
Listing Agency:
SECURE INVESTMENTS REALTY & MA
(352) 478-8029
Listed By:
Tanya Chappell · License #560030
(352) 478-8029
Added: Aug 7
Changed: Aug 24
Last Checked: Aug 27 at 2:06PM
MLS# GC542561
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This warehouse property combines a metal-frame building with a substantial outdoor yard and covered equipment storage. The warehouse offers approximately 20-foot eave height, five grade-level roll-up doors measuring 14 feet by 12 feet, electricity, and room for vehicle, trailer, equipment, or material handling. A four-bay covered carport and more than 30 parking spaces support daily operations. The site encompasses approximately four acres with direct frontage on US Highway 441, providing highway exposure and practical access for commercial vehicles.
The property also includes a three-bedroom, two-bath house currently configured for office use. Its layout includes a reception area, multiple private rooms, kitchen and dining areas, a pantry with telephone and internet wiring, a two-car attached garage, and an additional detached garage. The improvements were built in 1973 and feature central air and a metal roof.
The property also includes a three-bedroom, two-bath house currently configured for office use. Its layout includes a reception area, multiple private rooms, kitchen and dining areas, a pantry with telephone and internet wiring, a two-car attached garage, and an additional detached garage. The improvements were built in 1973 and feature central air and a metal roof.
Key Highlights
- Approximately 4 acres with direct US Highway 441 frontage
- Warehouse with approximately 20‑foot eave height
- Five 14‑foot‑by‑12‑foot grade‑level roll‑up doors
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
$62,158
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
7.02%
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%
$1,243,160
$1.2M
Cap Rate 7%
$887,971
$888.0K
Cap Rate 9%
$690,644
$690.6K
Market Conditions
NOI Build-Up for 6,627 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
$103.4K $15.60/SF
− Vacancy
−$7.8K −$1.17/SF
EGI
$95.6K $14.43/SF
− OpEx
−$33.5K −$5.05/SF
NOI
$62.2K $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 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%
$1,243,160
Cap Rate 7%
$887,971
Cap Rate 9%
$690,644
Alternative Uses
Best Use
Office B
$1.18M
$1.03M – $1.38M
NOI $82,665 @ 7.0% cap · market cap 9.34%
Second Best
Flex RnD
$888.0K
$777.0K – $1.04M
NOI $62,158 @ 7.0% cap · market cap 7.02%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,948 @ 7.0% cap · market cap 13.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
6
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32643, FL
12,549
Population
4,487
Households
2.8
Avg Household Size
44
Median Age
25%
College-Educated
90%
High-School Grad
112.1 sq mi
ZIP Area
112
Density / Sq Mi
$69,871
Median Household Income
$40,458
Median Earnings
$1,515
Median Rent
$254,900
Median Home Value
Market
Vacancy Rate% for Office 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 - Highway-fronted industrial property includes covered storage, vehicle circulation, and a separate office-oriented house.
Where is this warehouse located?
The property is located at 22429 S US HIGHWAY 441 High Springs, FL.
What is the asking price?
The asking price for this property is $885,000.
What are key features of this property?
This property features: Approximately 4 acres with direct US Highway 441 frontage; Warehouse with approximately 20‑foot eave height; Five 14‑foot‑by‑12‑foot grade‑level roll‑up doors
