Fenced Industrial
New
For Sale
$349,900
916 SE 4TH STREET, Gainesville, FL 32601
Fully enclosed LI-zoned site near downtown, Depot Park, the Cade Museum, and Gainesville’s Innovation District.
Property Size1,421 SF
Price / SF$246.24
Days on Market3
Property Features for 916 SE 4TH STREET
General Information
Standard status
Active
Size
1,421 SF
Property subtype
Industrial
Amenities
0.92 acres, Corner Lot
Metal
Additional parcels description:, Parcel Number: 16008-000-000, Public Survey Range: 20, Public Survey Section: 9, Annual Amount: $3,802.94, Legal Description: COM NE COR LOT 2 VEITCH ADD N 23 DEG W 233.8 FT POB N 23 DEG W 258 FT S 42 DEG W 200 FT S 23 DEG E 185.5 FT N 64 DEG E 182.78 FT TO POB OR 2001/2982, Lot: 2, Year: 2025, Zoning: I2
Concrete
Electric
Listing ID: MFRGC543174, Standard Status: Active, MLS Status: Active, Property Subtype: Industrial, On market as of 2026-09-02, Special Conditions: None
Built in 1960, Living area: 456, Living area units: Square Feet, 1 storey, Construction Materials: Block, Concrete
Subdivision: N/A, MLS Area (Major): 32601 - Gainesville, County/Parish: Alachua
Other structures: Storage
Slab
Frontage Type: City Street, Road Surface: Paved
Building Details
Year Built
1960
Listing Agency:
KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
(352) 240-0600
Listed By:
Keiton Stender · License #3576485
(352) 361-0769
Source:
Miharaandassociates
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 4:05AM
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 KELLER WILLIAMS GAINESVILLE REALTY PARTNERS
Investment Insights
Based on property information with market context.
This industrial land parcel at 916 SE 4th Street comprises a nearly one-acre commercial site with LI zoning and secure perimeter fencing. The property is positioned for commercial or industrial redevelopment, subject to verification of permitted uses and applicable development requirements with the City of Gainesville.
The site is directly adjacent to Depot Park and the Cade Museum, with downtown Gainesville and the Innovation District within walking distance. Access to major roadways supports connectivity across the surrounding area. The property also records a bike score of 92 and a walk score of 63, reflecting strong bicycle access and moderate walkability.
The site is directly adjacent to Depot Park and the Cade Museum, with downtown Gainesville and the Innovation District within walking distance. Access to major roadways supports connectivity across the surrounding area. The property also records a bike score of 92 and a walk score of 63, reflecting strong bicycle access and moderate walkability.
Key Highlights
- Nearly one‑acre commercial site
- LI zoning
- Fully fenced with secure perimeter enclosure
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
$10,381
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
2.97%
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%
$207,620
$207.6K
Cap Rate 7%
$148,300
$148.3K
Cap Rate 9%
$115,344
$115.3K
Market Conditions
NOI Build-Up for 1,421 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
$12.8K $9.00/SF
− Vacancy
−$576 −$0.41/SF
EGI
$12.2K $8.59/SF
− OpEx
−$1.8K −$1.29/SF
NOI
$10.4K $7.31/SF
Area
Gainesville, FL
Vacancy
4.50%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$207,620
Cap Rate 7%
$148,300
Cap Rate 9%
$115,344
Alternative Uses
Best Use
Warehouse
$148.3K
$129.8K – $173.0K
NOI $10,381 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$352.0K
$308.0K – $410.6K
NOI $24,637 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 32601, FL
22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial land - Fully enclosed LI-zoned site near downtown, Depot Park, the Cade Museum, and Gainesville’s Innovation District.
Where is this industrial land located?
The property is located at 916 SE 4TH STREET Gainesville, FL.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: Nearly one‑acre commercial site; LI zoning; Fully fenced with secure perimeter enclosure
