Industrial/Flex Property with Office
For Sale
$1,625,000
Pending
2300 71st Pl, Gainesville, FL 32653
Industrial/flex property featuring warehouse and office space for sale.
Property Size12,360 SF
Lot Size1.05 Acres
Days on Market180
Property Features for 2300 71st Pl
General Information
Standard status
Pending
Size
12,360 SF
Lot size
1.05 Acres
Taxes and HOA fees
Annual Taxes
$11,445
Listing Agency:
Coldwell Banker M.M. Parrish Realtors
(352) 335-4999
Listed By:
Perry Pursell · License #BK518980
(352) 335-4999
Source:
Exprealty
Added: Feb 25
Changed: Aug 23
Last Checked: Aug 23 at 4:40AM
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 Coldwell Banker M.M. Parrish Realtors
Investment Insights
Based on property information with market context.
This industrial/flex property offers a combination of warehouse and office space. The concrete block building encompasses approximately 12,360 square feet and is situated on approximately 1.05 acres. It is zoned I-1. The interior features 14 private offices, a large reception/lobby area, and a full kitchen/break area. The warehouse component includes five roll-up doors, a paved yard, and drive areas. Approximately 3,396 square feet of the property is dedicated to office space, while approximately 8,500 square feet is designated as warehouse/manufacturing space.
Key Highlights
- ±8,500 SF of warehouse/manufacturing space
- ±12,360 SF concrete block building on ±1.05 acres
- I‑1 zoning
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
$115,931
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
7.13%
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%
$2,318,620
$2.3M
Cap Rate 7%
$1,656,157
$1.7M
Cap Rate 9%
$1,288,122
$1.3M
Market Conditions
NOI Build-Up for 12,360 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
$192.8K $15.60/SF
− Vacancy
−$14.5K −$1.17/SF
EGI
$178.4K $14.43/SF
− OpEx
−$62.4K −$5.05/SF
NOI
$115.9K $9.38/SF
Area
Gainesville, 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%
$2,318,620
Cap Rate 7%
$1,656,157
Cap Rate 9%
$1,288,122
Alternative Uses
Best Use
Flex RnD
$1.66M
$1.45M – $1.93M
NOI $115,931 @ 7.0% cap · market cap 7.13%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $83,838 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,293 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32653, FL
14,397
Population
6,746
Households
2.1
Avg Household Size
45
Median Age
52%
College-Educated
97%
High-School Grad
38.5 sq mi
ZIP Area
374
Density / Sq Mi
$97,700
Median Household Income
$52,523
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial/flex property featuring warehouse and office space for sale.
Where is this flex space located?
The property is located at 2300 71st Pl Gainesville, FL.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: ±8,500 SF of warehouse/manufacturing space; ±12,360 SF concrete block building on ±1.05 acres; I‑1 zoning
