Two-Building Office
For Sale
$799,000
1103 NW 13TH Street, Gainesville, FL 32601
Commercial Sale, GAINESVILLE, FL
Property Size5,881 SF
Lot Size0.77 Acres
Price / SF$135.86
Days on Market278
Property Features for 1103 NW 13TH Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
U4
Subdivision
SPRING PARK SUB
Directions
From Gainesville: Head toward NE 1st Ave 0.5 mi Turn left onto NW 8th Ave 0.7 mi Turn right onto NW 12th St 335 ft Turn left onto NW 9th Ave 0.1 mi Turn right onto NW 13th St From I 75: Take exit 382 from I-75 N 8 min (8.7 mi) Follow FL-331 N/SW Williston Rd to US-441 N/SW 13th St in Gainesville
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
Legal Description
ON FILE
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 · Coldwell Banker Real Estate
(352) 335-4999
Listed By:
Perry Pursell · License #0518980
(352) 665-9731
Added: Jan 13
Changed: Oct 18
Last Checked: Oct 18 at 6:06AM
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.
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Investment Insights
Based on property information with market context.
This office property comprises two concrete buildings constructed in 1953. The first building contains 3,549 SF across two units, along with 560 SF of storage space. The second building provides 2,893 SF and two additional units. Central air serves the buildings, and the roofs were replaced in 2017.
The property is located at 1103 NW 13th Street in Gainesville, 11 blocks north of the University of Florida. It carries U4 zoning and is positioned in Alachua County. The four-unit configuration, separate storage area, and dual-building layout provide a clearly defined office property profile.
The property is located at 1103 NW 13th Street in Gainesville, 11 blocks north of the University of Florida. It carries U4 zoning and is positioned in Alachua County. The four-unit configuration, separate storage area, and dual-building layout provide a clearly defined office property profile.
Key Highlights
- Two‑building office property with 4 total units
- Building 1 contains 3,549 SF and includes 560 SF of storage space
- Building 2 contains 2,893 SF across 2 units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,360
Cap Rate
9.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,467,200
$1.5M
Cap Rate 7%
$1,048,000
$1.0M
Cap Rate 9%
$815,111
$815.1K
Market Conditions
NOI Build-Up for 5,881 SF
Gross rent
$116.4K $19.80/SF
− Vacancy
−$18.6K −$3.17/SF
EGI
$97.8K $16.63/SF
− OpEx
−$24.5K −$4.16/SF
NOI
$73.4K $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 Rate 5%
$1,467,200
Cap Rate 7%
$1,048,000
Cap Rate 9%
$815,111
Alternative Uses
Best Use
Office B
$1.05M
$917.0K – $1.22M
NOI $73,360 @ 7.0% cap · market cap 9.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.27M – $1.70M
NOI $101,962 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
1,216
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Concrete office buildings provide four units, dedicated storage, central air, and roofs replaced in 2017.
Where is this office building located?
The property is located at 1103 NW 13TH Street Gainesville, FL.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Two‑building office property with 4 total units; Building 1 contains 3,549 SF and includes 560 SF of storage space; Building 2 contains 2,893 SF across 2 units
