Office Building with
For Sale
$2,500,000
Pending
5719 NW 13TH Street, Gainesville, FL 32653
Commercial Sale, GAINESVILLE, FL
Property Size17,040 SF
Lot Size2.50 Acres
Days on Market185
Property Features for 5719 NW 13TH Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PD
Directions
From NW 39th Avenue, head north on NW 13th Street (US-441) for approximately 1.2 miles. The property will be located on the west side of NW 13th Street, just north of NW 53rd Avenue, in Gainesville.
Subdivision
32653 - Gainesville
Standard status
Pending
APN
07879-007-003
Size
17,040 SF
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM NW COR SEC E 3415.13 FT S 3659.38 FT W 415.25 FT POB W 577 FT S 45 DEG E 356 FT N 54 DEG E 58.84 FT E 460 FT N 40 FT W 185.25 FT N 174 FT POB OR 4500/0407
Tax Annual Amount
30642
Legal Description
COM NW COR SEC E 3415.13 FT S 3659.38 FT W 415.25 FT POB W 577 FT S 45 DEG E 356 FT N 54 DEG E 58.84 FT E 460 FT N 40 FT W 185.25 FT N 174 FT POB OR 4500/0407
Utilities
Cooling system
Central Air
Building Details
Year built
1984
Floors in Building
1
Building materials
Block
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Makayla Richardson · License #SL3598503
(352) 256-7532
Added: Mar 1
Changed: Aug 24
Last Checked: Sep 2 at 5:06PM
MLS# GC538122
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 property includes a 17,040-square-foot building on 2.5 acres. Constructed in 1984 with block materials, the building is served by central air and currently has a tenant in place. The property is designated PD zoning.
Located at 5719 NW 13th Street in Gainesville, Florida, the asset is identified within Alachua County and carries a 32653 postal code. Its combination of office improvements, land area, and existing tenancy provides a straightforward commercial property profile.
Located at 5719 NW 13th Street in Gainesville, Florida, the asset is identified within Alachua County and carries a 32653 postal code. Its combination of office improvements, land area, and existing tenancy provides a straightforward commercial property profile.
Key Highlights
- 17,040‑square‑foot office building on 2.5 acres
- Constructed in 1984 with block materials
- Central air conditioning
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
$212,557
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
8.50%
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%
$4,251,140
$4.3M
Cap Rate 7%
$3,036,529
$3.0M
Cap Rate 9%
$2,361,744
$2.4M
Market Conditions
NOI Build-Up for 17,040 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
$337.4K $19.80/SF
− Vacancy
−$54.0K −$3.17/SF
EGI
$283.4K $16.63/SF
− OpEx
−$70.9K −$4.16/SF
NOI
$212.6K $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 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%
$4,251,140
Cap Rate 7%
$3,036,529
Cap Rate 9%
$2,361,744
Alternative Uses
Best Use
Office B
$3.04M
$2.66M – $3.54M
NOI $212,557 @ 7.0% cap · market cap 8.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.22M
$3.69M – $4.92M
NOI $295,433 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
Explore this area
Business Placement
Demographics for 32653, FL
14,397
Population
6,746
Households
2.1
Avg Household Size
45
Median Age
52%
College-Educated
97%
High-School Grad
38.5 sq mi
ZIP Area
374
Density / Sq Mi
$97,700
Median Household Income
$52,523
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Office 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?
Office building - Block construction and central air support this office property with an on-site tenant.
Where is this office building located?
The property is located at 5719 NW 13TH Street Gainesville, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 17,040‑square‑foot office building on 2.5 acres; Constructed in 1984 with block materials; Central air conditioning
