Flex Property with Fenced
2720 NE 20TH, Gainesville, FL 32609
For Sale
New
$975,000
Two buildings provide dedicated office area alongside a combined office and warehouse facility.
Property Size3,705 SF
Lot Size1.51 Acres
Price / SF$189.32
Days on Market4
Property Features for 2720 NE 20TH
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Fenced Yard
Outdoor Storage
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Coldwell Banker M.M. Parrish Realtors
Listed By:
Brayden Wester · License #3651580
(352) 318-5744
Source:
Elliman
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:55AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property includes two buildings totaling approximately 5,150 square feet on three adjoining parcels spanning about 1.51 acres. One building contains 1,309 square feet of office space; the second offers 3,841 square feet in an office-and-warehouse configuration. Within the larger building, 2,396 square feet is unfinished shell space, with renovation work underway to create additional office area. A fenced yard is also part of the property.
I-2 industrial zoning and corner exposure are additional site characteristics. The property is in Hugh Edwards Industrial Park in Northeast Gainesville, just north of NE 23rd Avenue, with access to Waldo Road and Gainesville Regional Airport.
I-2 industrial zoning and corner exposure are additional site characteristics. The property is in Hugh Edwards Industrial Park in Northeast Gainesville, just north of NE 23rd Avenue, with access to Waldo Road and Gainesville Regional Airport.
Key Highlights
- Two buildings totaling approximately 5,150 SF
- Approximately 1.51 acres across three contiguous parcels
- 1,309 SF office building and 3,841 SF office/warehouse building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,304
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,080
$966.1K
Cap Rate 7%
$690,057
$690.1K
Cap Rate 9%
$536,711
$536.7K
Market Conditions
NOI Build-Up for 5,150 SF
Gross rent
$80.3K $15.60/SF
− Vacancy
−$6.0K −$1.17/SF
EGI
$74.3K $14.43/SF
− OpEx
−$26.0K −$5.05/SF
NOI
$48.3K $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 Rate 5%
$966,080
Cap Rate 7%
$690,057
Cap Rate 9%
$536,711
Alternative Uses
Best Use
Flex RnD
$690.1K
$603.8K – $805.1K
NOI $48,304 @ 7.0% cap · market cap 4.95%
Second Best
Warehouse
$537.5K
$470.3K – $627.1K
NOI $37,625 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.28M
$1.12M – $1.49M
NOI $89,289 @ 7.0% cap · market cap 9.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Under-served
Demand for This Use
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
$174,500
Median Home Value
Market
Average Price Trend$/SF for Flex space in Gainesville, FL
Properties on Market for Flex space in Gainesville
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Two buildings provide dedicated office area alongside a combined office and warehouse facility.
Where is this flex space located?
The property is located at 2720 NE 20TH Gainesville, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Two buildings totaling approximately 5,150 SF; Approximately 1.51 acres across three contiguous parcels; 1,309 SF office building and 3,841 SF office/warehouse building
