Industrial Flex Space For
For Sale
$275,000
Pending
7220 NE US HIGHWAY 301, Hawthorne, FL 32640
Industrial flex space with highway frontage and multiple access points.
Property Size2,975 SF
Lot Size1.06 Acres
Days on Market212
Property Features for 7220 NE US HIGHWAY 301
General Information
Standard status
Pending
Size
2,975 SF
Lot size
1.06 Acres
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$2,327
Building Details
Building Size
2,975 SF
Year Built
1952
Listing Agency:
Bosshardt Realty Services
Listed By:
Makayla Richardson · License ##SL3598503
(352) 256-7532
Source:
Elliman
Added: Mar 11
Changed: Sep 29
Last Checked: Oct 7 at 12:08PM
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 industrial flex space features two 10 ft drive-in bay doors and single-phase power. It benefits from frontage on HWY 301 and includes two points of ingress/egress. The building currently supports a full-service motorcycle shop for up-fitting and repairs, functioning as a retail and distribution operation focused on parts sales. The property can be delivered vacant or purchased with the existing business, which is also for sale. The Automotive zoning allows for a variety of uses.
Key Highlights
- HWY 301 frontage for high visibility.
- Two 10 ft drive‑in bay doors for easy loading and access.
- Business Automotive zoning allows for many uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,179
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,580
$403.6K
Cap Rate 7%
$288,271
$288.3K
Cap Rate 9%
$224,211
$224.2K
Market Conditions
NOI Build-Up for 2,975 SF
Gross rent
$30.3K $10.20/SF
− Vacancy
−$1.5K −$0.51/SF
EGI
$28.8K $9.69/SF
− OpEx
−$8.6K −$2.91/SF
NOI
$20.2K $6.78/SF
Area
Alachua County, FL
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$403,580
Cap Rate 7%
$288,271
Cap Rate 9%
$224,211
Alternative Uses
Best Use
Flex RnD
$398.6K
$348.8K – $465.1K
NOI $27,904 @ 7.0% cap · market cap 10.15%
Second Best
Industrial
$288.3K
$252.2K – $336.3K
NOI $20,179 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$750.0K
$656.3K – $875.0K
NOI $52,500 @ 7.0% cap · market cap 19.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32640, FL
10,281
Population
5,353
Households
1.9
Avg Household Size
51
Median Age
14%
College-Educated
84%
High-School Grad
187.7 sq mi
ZIP Area
55
Density / Sq Mi
$58,727
Median Household Income
$35,833
Median Earnings
$959
Median Rent
$153,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial flex space with highway frontage and multiple access points.
Where is this flex space located?
The property is located at 7220 NE US HIGHWAY 301 Hawthorne, FL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: HWY 301 frontage for high visibility.; Two 10 ft drive‑in bay doors for easy loading and access.; Business Automotive zoning allows for many uses.
