Equipped Manufacturing
For Sale
Contact for pricing
2709 NE Waldo Rd, Gainesville, FL 32609
I-2 industrial site includes temperature-controlled warehouse and office areas, three-phase power, roll-up doors, and full fencing.
Property Size10,440 SF
Price / SF$124.04
Days on Market145
Property Features for 2709 NE Waldo Rd
General Information
Standard status
Active
Size
10,440 SF
Class
B
Property subtype
Industrial
Zoning
I-2
Building Details
Buildings
2
Listing Agency:
Bosshardt Realty Services
(352) 256-2112
Listed By:
Eric Ligman · License #3086548
Source:
Crexi
Added: Apr 8
Changed: Aug 30
Last Checked: Aug 30 at 6:26AM
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.
This manufacturing property at 2709 NE Waldo Rd comprises approximately 10,440 SF of industrial improvements across two parcels totaling 0.92 acres. The main building provides 9,480 SF with temperature-controlled warehouse and office areas, while a separate 960 SF warehouse adds additional operational space. Site improvements include three-phase power, roll-up doors, and full fencing.
The property is zoned I-2 and includes an established metal fabrication and machine shop operation. Capabilities include custom machinery, precision engineering, CNC and manual machining, fabrication, and equipment repair. The operation has completed projects involving automation, battery production, defense, and infrastructure.
The property is zoned I-2 and includes an established metal fabrication and machine shop operation. Capabilities include custom machinery, precision engineering, CNC and manual machining, fabrication, and equipment repair. The operation has completed projects involving automation, battery production, defense, and infrastructure.
Key Highlights
- Approximately 10,440 SF of industrial improvements across two parcels totaling 0.92 acres
- 9,480 SF primary building with temperature‑controlled warehouse and office space
- Separate 960 SF secondary warehouse
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
$97,922
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
7.56%
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%
$1,958,440
$2.0M
Cap Rate 7%
$1,398,886
$1.4M
Cap Rate 9%
$1,088,022
$1.1M
Market Conditions
NOI Build-Up for 10,440 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
$162.9K $15.60/SF
− Vacancy
−$12.2K −$1.17/SF
EGI
$150.6K $14.43/SF
− OpEx
−$52.7K −$5.05/SF
NOI
$97.9K $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%
$1,958,440
Cap Rate 7%
$1,398,886
Cap Rate 9%
$1,088,022
Alternative Uses
Best Use
Flex RnD
$1.40M
$1.22M – $1.63M
NOI $97,922 @ 7.0% cap · market cap 7.56%
Second Best
Warehouse
$1.09M
$953.4K – $1.27M
NOI $76,272 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$2.59M
$2.26M – $3.02M
NOI $181,005 @ 7.0% cap · market cap 13.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
Explore this area
Business Placement
Demographics for 32609, FL
18,322
Population
8,515
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
117.5 sq mi
ZIP Area
156
Density / Sq Mi
$48,121
Median Household Income
$34,041
Median Earnings
$1,159
Median Rent
$174,500
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?
Manufacturing property - I-2 industrial site includes temperature-controlled warehouse and office areas, three-phase power, roll-up doors, and full fencing.
Where is this manufacturing property located?
The property is located at 2709 NE Waldo Rd Gainesville, FL.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Approximately 10,440 SF of industrial improvements across two parcels totaling 0.92 acres; 9,480 SF primary building with temperature‑controlled warehouse and office space; Separate 960 SF secondary warehouse
