Equipped Manufacturing
For Sale
$1,295,000
2709 Northeast 20th Way, Gainesville, FL 32609
Industrial site with temperature-controlled warehouse and office areas, secondary warehouse, fenced yard, and three-phase power.
Property Size10,440 SF
Days on Market67
Property Features for 2709 Northeast 20th Way
General Information
Standard status
Active
Size
10,440 SF
Property subtype
Industrial
Building Details
Building Size
10,440 SF
Listing Agency:
Bosshardt Realty Services
(352) 256-2112
Listed By:
Eric Ligman · License #3086548
(352) 256-2112
Source:
Bosscommercial
Added: Jun 25
Changed: Aug 29
Last Checked: Aug 29 at 2:02PM
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 comprises approximately 10,440 SF of industrial improvements across two parcels totaling 0.92 acres. The main 9,480 SF building combines temperature-controlled warehouse and office areas, while a separate 960 SF warehouse adds additional covered space. The site also includes roll-up doors, three-phase power, and full fencing, with yard area suitable for industrial operations and laydown needs. All FF&E is included.
Located at 2709 Northeast 20th Way in Gainesville, Florida, the property is zoned I-2. The established operation performs custom machinery work, precision engineering, CNC and manual machining, fabrication, and equipment repair. Its stated project experience includes automation, battery production, defense, and infrastructure work.
Located at 2709 Northeast 20th Way in Gainesville, Florida, the property is zoned I-2. The established operation performs custom machinery work, precision engineering, CNC and manual machining, fabrication, and equipment repair. Its stated project experience includes automation, battery production, defense, and infrastructure work.
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
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 - Industrial site with temperature-controlled warehouse and office areas, secondary warehouse, fenced yard, and three-phase power.
Where is this manufacturing property located?
The property is located at 2709 Northeast 20th Way 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
