Gated Multi-Bay
New
For Sale
$2,195,000
2623 NW 74TH, Gainesville, FL 32653
Two metal buildings provide flexible industrial space under I-2 zoning, with active businesses already operating on site.
Property Size16,800 SF
Lot Size1.24 Acres
Price / SF$130.65
Days on Market3
Property Features for 2623 NW 74TH
General Information
Standard status
Active
Size
16,800 SF
Lot size
1.24 Acres
Property subtype
Industrial
Zoning
I-2
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Warehouse Space
16,800 SF
Taxes and HOA fees
Annual Taxes
$13,007
Building Details
Building Size
16,800 SF
Year Built
1978
Buildings
2
Construction
metal
Listing Agency:
WATSON REALTY CORP- TIOGA
Listed By:
Kristi Crane · License #3363813
(352) 538-2882
Source:
Elliman
Added: Oct 4
Last Checked: Oct 5 at 6:52PM
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 WATSON REALTY CORP- TIOGA
Investment Insights
Based on property information with market context.
This Gainesville industrial property includes 16,800± SF of warehouse space across two metal buildings on 1.24± acres. The layout includes 9+ individual bays, and the site is gated for controlled access. Businesses currently operate from the property, establishing an active commercial setting within the existing buildings.
Located in the northwest Gainesville business corridor, the property sits just off US Highway 441, with access to major roads and nearby commercial and industrial businesses. I-2 zoning and the multi-bay configuration support a range of commercial and industrial operations.
Located in the northwest Gainesville business corridor, the property sits just off US Highway 441, with access to major roads and nearby commercial and industrial businesses. I-2 zoning and the multi-bay configuration support a range of commercial and industrial operations.
Key Highlights
- 16,800± SF of warehouse space
- Two metal warehouse buildings with 9+ individual bays
- 1.24± acres with I‑2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,737
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,454,740
$2.5M
Cap Rate 7%
$1,753,386
$1.8M
Cap Rate 9%
$1,363,744
$1.4M
Market Conditions
NOI Build-Up for 16,800 SF
Gross rent
$151.2K $9.00/SF
− Vacancy
−$6.8K −$0.41/SF
EGI
$144.4K $8.59/SF
− OpEx
−$21.7K −$1.29/SF
NOI
$122.7K $7.31/SF
Area
Gainesville, 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 Rate 5%
$2,454,740
Cap Rate 7%
$1,753,386
Cap Rate 9%
$1,363,744
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.05M
NOI $122,737 @ 7.0% cap · market cap 5.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.16M
$3.64M – $4.85M
NOI $291,272 @ 7.0% cap · market cap 13.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
11
Businesses Nearby
Well-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Warehouse - Two metal buildings provide flexible industrial space under I-2 zoning, with active businesses already operating on site.
Where is this warehouse located?
The property is located at 2623 NW 74TH Gainesville, FL.
What is the asking price?
The asking price for this property is $2,195,000.
What are key features of this property?
This property features: 16,800± SF of warehouse space; Two metal warehouse buildings with 9+ individual bays; 1.24± acres with I‑2 zoning
