Office Investment with Two
1103 NW 13TH Street Gainesville, FL 32601
For Sale
$850,000
SINGLE_FAMILY - GAINESVILLE, FL
Property Size5,881 SF
Lot Size0.77 Acres
Price / SF$144.53
Days on Market194
Property Features for 1103 NW 13TH Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- U4
- Standard status
- Active
- APN
- 09500-000-000
- Size
- 5,881 SF
- Lot size
- 0.77 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- ON FILE
- Tax Annual Amount
- 10087
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1953
- Floors in Building
- 1
- Building materials
- Concrete
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
Listed By:
Perry Pursell · License #0518980
(352) 665-9731
Added: Jan 13
Changed: Jul 20
Last Checked: Jul 26 at 5:06PM
MLS# GC536549
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office investment property consists of two separate buildings on a 0.77-acre lot. Building 1 totals 3,549 SF and is divided into two units, with an additional 560 SF of storage space. Building 2 totals 2,893 SF and also includes two units.
The property is located at 1103 NW 13TH Street in Gainesville, Florida, with the listing noting it is approximately 11 blocks north of the University of Florida. The property is zoned U4.
Updates include new roofs installed in 2017. The public remarks also cite a good rental history, supporting the property’s established income-focused use.
The property is located at 1103 NW 13TH Street in Gainesville, Florida, with the listing noting it is approximately 11 blocks north of the University of Florida. The property is zoned U4.
Updates include new roofs installed in 2017. The public remarks also cite a good rental history, supporting the property’s established income-focused use.
Key Highlights
- Two concrete office buildings with 2 units each—Building 1 (3,549 SF) and Building 2 (2,893 SF)
- Building 1 includes 560 SF of storage space
- New roofs installed in 2017
Financial Insights For Office B
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 | $116.4k | $19.80 |
| − Vacancy | −$18.6k | −$3.17 |
| EGI | $97.8k | $16.63 |
| − OpEx | −$24.5k | −$4.16 |
| NOI | $73.4k | $12.47 |
5,881 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.05M
$917.0K – $1.22M
NOI $73,360 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,962 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kaiser Permanente
Insurance Agency
GuidePoint Labs
Medical Laboratory
Beautifiend
Spa & Massage Center
Layed2perfection
Nail Salon
FAQs
What type of property is this?
Office units - Two-building office property with multiple units, including storage, and new roofs installed in 2017.
Where is this office units located?
The property is located at 1103 NW 13TH Street Gainesville, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two concrete office buildings with 2 units each—Building 1 (3,549 SF) and Building 2 (2,893 SF); Building 1 includes 560 SF of storage space; New roofs installed in 2017
