Net-Leased Office/Warehouse
For Sale
$1,997,500
3205 47TH AVENUE, Gainesville, FL 32608
Net-leased office and warehouse property totaling 7,727 SF, including a separately held 0.11-acre parcel.
Property Size7,727 SF
Price / SF$258.51
Days on Market374
Property Features for 3205 47TH AVENUE
General Information
Standard status
Active
Size
7,727 SF
Property subtype
Office
Occupancy
100%
Additional Details
Cap Rate
6.5%
Taxes and HOA fees
Annual Taxes
$10,986
Amenities
Central Air
3
City Road, Asphalt.
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
BOSSHARDT REALTY SERVICES, LLC
(352) 671-8203
Listed By:
Robert Caniff · License #3279025
Source:
Xome
Added: Aug 8, 2025
Changed: Aug 14
Last Checked: Aug 15 at 4:31AM
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, LLC
Investment Insights
Based on property information with market context.
This net-leased office and warehouse facility totals 7,727 square feet, including 5,801 square feet of heated and cooled space. The offering also includes an additional 0.11-acre parcel, providing space for future expansion or additional value. The property is leased to ADT LLC under an extended lease through April 2029, with built-in annual rent escalations.
The tenant pays operating expenses and real estate taxes. Public remarks note that the facility serves as ADT’s primary warehouse and office hub for North Florida and South Georgia.
For sale as a stabilized, low-management investment, the current NOI is approximately $154,930 per year.
The tenant pays operating expenses and real estate taxes. Public remarks note that the facility serves as ADT’s primary warehouse and office hub for North Florida and South Georgia.
For sale as a stabilized, low-management investment, the current NOI is approximately $154,930 per year.
Key Highlights
- Net‑leased office and warehouse building totaling 7,727 SF (5,801 SF heated & cooled) plus an additional 0.11‑acre parcel.
- Single tenant: ADT LLC (national credit tenant) in place for over 20 years.
- Lease recently extended through April 2029 with built‑in annual rent escalations.
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
$96,387
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
4.83%
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%
$1,927,740
$1.9M
Cap Rate 7%
$1,376,957
$1.4M
Cap Rate 9%
$1,070,967
$1.1M
Market Conditions
NOI Build-Up for 7,727 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
$153.0K $19.80/SF
− Vacancy
−$24.5K −$3.17/SF
EGI
$128.5K $16.63/SF
− OpEx
−$32.1K −$4.16/SF
NOI
$96.4K $12.47/SF
Area
Gainesville, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$1,927,740
Cap Rate 7%
$1,376,957
Cap Rate 9%
$1,070,967
Alternative Uses
Best Use
Office B
$1.38M
$1.20M – $1.61M
NOI $96,387 @ 7.0% cap · market cap 4.83%
Second Best
Warehouse
$806.5K
$705.7K – $940.9K
NOI $56,452 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.91M
$1.67M – $2.23M
NOI $133,968 @ 7.0% cap · market cap 6.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32608, FL
55,540
Population
25,939
Households
2.1
Avg Household Size
29
Median Age
58%
College-Educated
95%
High-School Grad
44.5 sq mi
ZIP Area
1,248
Density / Sq Mi
$60,182
Median Household Income
$34,991
Median Earnings
$1,357
Median Rent
$340,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Hill's Warehouse — 3707 SW 42nd Ave, Gainesville, FL 32608
- StorQuest Self Storage — 4430 SW 34th St, Gainesville, FL 32608
Frequently Asked Questions
What type of property is this?
Warehouse - Net-leased office and warehouse property totaling 7,727 SF, including a separately held 0.11-acre parcel.
Where is this warehouse located?
The property is located at 3205 47TH AVENUE Gainesville, FL.
What is the asking price?
The asking price for this property is $1,997,500.
What are key features of this property?
This property features: Net‑leased office and warehouse building totaling 7,727 SF (5,801 SF heated & cooled) plus an additional 0.11‑acre parcel.; Single tenant: ADT LLC (national credit tenant) in place for over 20 years.; Lease recently extended through April 2029 with built‑in annual rent escalations.
