Manufacturing Property with Highway
New
For Sale
$1,100,000
26509 W US Highway 27, High Springs, FL 32643
Functional industrial space includes warehouse, office, and showroom areas.
Property Size9,800 SF
Lot Size1.90 Acres
Price / SF$122.22
Days on Market2
Property Features for 26509 W US Highway 27
General Information
Standard status
Active
Size
9,800 SF
Class
C
Lot size
1.90 Acres
Property subtype
Industrial - Manufacturing
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Office Build-Out
800 SF
Building Details
Building Size
9,800 SF
Year Built
1998
Units
1
Listing Agency:
Bosshardt Realty Services
(352) 256-2112
Listed By:
Eric Ligman · License #3086548
Source:
Commercialcafe
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 16 at 4:14AM
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.
Built in 1998, the property contains approximately ±9,000 SF of industrial and flex space on ±1.90 acres. The layout combines warehouse space with approximately ±800 SF of air-conditioned office and showroom area, supporting manufacturing, fabrication, distribution, and contractor operations. Equipment may be purchased separately from the real estate.
The property is located at 26509 W US Highway 27 in High Springs, Florida, with direct frontage along US Highway 27. Gainesville is approximately 20 minutes away, providing access to a larger regional employment and commercial center while retaining the operating flexibility of the High Springs submarket.
The property is located at 26509 W US Highway 27 in High Springs, Florida, with direct frontage along US Highway 27. Gainesville is approximately 20 minutes away, providing access to a larger regional employment and commercial center while retaining the operating flexibility of the High Springs submarket.
Key Highlights
- ±9,000 SF industrial/flex property on ±1.90 acres
- Direct frontage along US Highway 27
- Approximately ±800 SF of air‑conditioned office/showroom space
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
$84,416
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
7.67%
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%
$1,688,320
$1.7M
Cap Rate 7%
$1,205,943
$1.2M
Cap Rate 9%
$937,956
$938.0K
Market Conditions
NOI Build-Up for 9,000 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
$140.4K $15.60/SF
− Vacancy
−$10.5K −$1.17/SF
EGI
$129.9K $14.43/SF
− OpEx
−$45.5K −$5.05/SF
NOI
$84.4K $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%
$1,688,320
Cap Rate 7%
$1,205,943
Cap Rate 9%
$937,956
Alternative Uses
Best Use
Flex RnD
$1.21M
$1.06M – $1.41M
NOI $84,416 @ 7.0% cap · market cap 7.67%
Second Best
Warehouse
$939.3K
$821.9K – $1.10M
NOI $65,752 @ 7.0% cap · market cap 5.98%
Theoretical Best
Office A
$2.27M
$1.99M – $2.65M
NOI $158,825 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
50
Businesses Nearby
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 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?
Manufacturing property - Functional industrial space includes warehouse, office, and showroom areas.
Where is this manufacturing property located?
The property is located at 26509 W US Highway 27 High Springs, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: ±9,000 SF industrial/flex property on ±1.90 acres; Direct frontage along US Highway 27; Approximately ±800 SF of air‑conditioned office/showroom space
