High-Clearance Warehouse with
For Sale
$885,000
22429 Us Highway 441, High Springs, FL 32643
Industrial site combines covered storage, office improvements, and room for vehicle circulation.
Property Size6,627 SF
Lot Size4.00 Acres
Price / SF$133.54
Days on Market8
Property Features for 22429 Us Highway 441
General Information
Standard status
Active
Size
6,627 SF
Lot size
4.00 Acres
Property subtype
Business Opportunities
Site & Location
Highway Access
Yes
Road Access
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Asking Price
$885,000
Drive-In Doors
5
Taxes and HOA fees
Annual Taxes
$5,325
Amenities
reception area
kitchen
Central Air
3
Building Details
Year Built
1973
Listing Agency:
SECURE INVESTMENTS REALTY & MA
(352) 478-8029
Listed By:
Tanya Chappell · License #560030
Source:
Xome
Added: Aug 4
Changed: Aug 10
Last Checked: Aug 11 at 5:20AM
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 SECURE INVESTMENTS REALTY & MA
Investment Insights
Based on property information with market context.
This warehouse property includes a high-clearance steel building, covered equipment storage, a substantial outdoor yard, and approximately four acres of land. The warehouse has approximately 20-foot eave height, five 14-foot-by-12-foot grade-level roll-up doors, electricity, a 4 bay covered carport, and more than 30 parking spaces. The site also includes a 3-bedroom, 2-bath house currently configured for office use, with a reception area, multiple private rooms, kitchen and dining space, attached two-car garage, and an additional detached garage. Total improvements are described as approximately 6,700 square feet, while the property record identifies 6,627 square feet. The property has direct frontage on US Highway 441 and provides space for equipment, trailers, materials, fleet vehicles, and outdoor storage.
Key Highlights
- Approximately four acres with direct US Highway 441 frontage
- High‑clearance steel warehouse with approximately 20‑foot eave height
- Five oversized 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
Yes
Utilities to site
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
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial site combines covered storage, office improvements, and room for vehicle circulation.
Where is this warehouse located?
The property is located at 22429 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 four acres with direct US Highway 441 frontage; High‑clearance steel warehouse with approximately 20‑foot eave height; Five oversized 14‑foot‑by‑12‑foot grade‑level roll‑up doors
