5111 NW 13Th St Gainesville, FL 32609
- Warehouses
- 43,167 SF
- 4.61 lot acres
Current Use by Public Records
- Deibel Laboratories of Florida (Gainesville), LLC / Laboratory
- Hatteras Custom Woodwork LLC / General Contractor / Renovation Specialist
Property Details for 5111 NW 13Th St
- Year built
- 2006
- Lot size
- 4.61 lot acres
- Property size
- 43,167 SF
- Zone code
- I2
- Property type
- Warehouses
- APN
- 07966-002-001
- APU
- 7966002001
Description
This exceptional 4,200-square-foot warehouse, located at 1315 NW 53rd Ave, #H, Gainesville, Florida 32609, in Alachua County, presents a unique opportunity for businesses seeking a versatile industrial space. The single-tenant property features a 100% climate-controlled interior, offering a comfortable and efficient work environment. The open floor plan provides flexibility for customization, while a private office offers a dedicated space for administrative tasks. A significant advantage is the inclusion of a bay door, allowing for convenient semi-truck deliveries. The abundance of windows provides ample natural light, creating a bright and inviting atmosphere. Furthermore, a large storage mezzanine significantly increases storage capacity. Previously occupied by Fastenal, this space was custom-built to high standards, offering a solid foundation for a variety of businesses. The property's excellent Northwest Gainesville location provides easy access to major transportation routes. The lease rate is based on a five-year lease term. This property is classified as Industrial and Land, with a Commercial subtype.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $5,255,000
- 6.5%
- $4,850,000
- 7%
- $4,505,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $4,188,000
- AI Estimate
- $3,389,000
Market price range: $2.08M - $10.1MMarket price range: $1.62M - $6.45M -
Alternative Use
- Use
- Estimation
- WAREHOUSE, STORAGE
- $4,890,000 Current use
- RETAIL STORES
- $6,755,000 Change: +38% Conversion: Moderate
- MEDICAL BUILDING
- $6,335,000 Change: +30% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3398
- Latitude
- 29.7025
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA