Multi-Tenant NNN Flex
3033 NE 19th Dr Gainesville, FL 32609
For Sale
Contact for pricing
Fully leased 15-unit flex warehouse with individually metered electrical and 12' ground level bay doors.
Property Size18,125 SF
Price / SF$88
Days on Market485
Property Features for 3033 NE 19th Dr
General Information
Standard status
Active
Size
18,125 SF
Property subtype
INDUSTRIAL
Listing Agency:
Bosshardt Realty Services
(352) 256-2112
Listed By:
Eric Ligman · License #3086548
(352) 256-2112
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Jul 25
Last Checked: Jul 28 at 3:45PM
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 fully leased, income-producing NNN warehouse property is a multi-tenant flex warehouse featuring 15 units. Each unit has individually metered electrical systems and shared water meters, with a 12' ground level bay door providing practical warehouse access for tenant operations.
The property is located at 3033 NE 19th Dr in Gainesville, FL 32609, in an industrial setting with I2 Heavy Industrial zoning. Access to Highway 301 is noted in the offering materials, and a detailed rent roll is available upon request.
With individually metered electrical and shared water meters across the 15 units, the configuration is designed for multiple tenants within a single NNN warehouse framework.
The property is located at 3033 NE 19th Dr in Gainesville, FL 32609, in an industrial setting with I2 Heavy Industrial zoning. Access to Highway 301 is noted in the offering materials, and a detailed rent roll is available upon request.
With individually metered electrical and shared water meters across the 15 units, the configuration is designed for multiple tenants within a single NNN warehouse framework.
Key Highlights
- Fully leased, income‑producing NNN flex warehouse with 15 units
- I2 Heavy Industrial zoning supports a wide range of uses
- Each unit has individually metered electrical systems
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.1k | $9.00 |
| − Vacancy | −$7.3k | −$0.41 |
| EGI | $155.8k | $8.59 |
| − OpEx | −$23.4k | −$1.29 |
| NOI | $132.4k | $7.31 |
18,125 SF · lease $9.00/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$2.43M
$2.13M – $2.83M
NOI $170,003 @ 7.0% cap · market cap 10.66%
Second Best
Warehouse
$1.89M
$1.66M – $2.21M
NOI $132,417 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$4.49M
$3.93M – $5.24M
NOI $314,244 @ 7.0% cap · market cap 19.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Hill's Bar-b-que & Catering — 2626 NE 39th Ave, Gainesville, FL 32609
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased 15-unit flex warehouse with individually metered electrical and 12' ground level bay doors.
Where is this flex space located?
The property is located at 3033 NE 19th Dr Gainesville, FL.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Fully leased, income‑producing NNN flex warehouse with 15 units; I2 Heavy Industrial zoning supports a wide range of uses; Each unit has individually metered electrical systems
