Commercial Flex Property with
1201 E University Avenue Gainesville, FL 32641
1201 E University Avenue, Gainesville, FL, 32641
$1,900,000
Pending
For Sale
$1,900,000
Pending
A commercial/industrial site with excellent visibility that also includes two fully remodeled two-bedroom apartments.
Property Size11,238 SF
Days on Market44
Property Features for 1201 E University Avenue
General Information
- Standard status
- Pending
- Size
- 11,238 SF
- Property subtype
- Commercial
Listing agency
ONE STOP REALTY
(786) 252-7499
Listed by
MARCOS ANTON · License #A11976110
Source
Corcoran
Added: Jun 9 Updated: Jul 22 at 4:33AM Checked: Jul 22 at 4:33AM
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 ONE STOP REALTY
Investment Insights
Based on property information with market context.
This commercial/industrial property is configured to support a wide variety of commercial and industrial uses and includes two fully remodeled two-bedroom apartments. The combination of income-producing residential units and flexible commercial/industrial functionality makes it well-suited for owner-users or investors seeking an integrated setup.
The property is located on a high-traffic avenue in Gainesville and is positioned for strong visibility and accessibility. It offers practical on-site housing options for management or employees alongside the commercial/industrial space.
The property is located on a high-traffic avenue in Gainesville and is positioned for strong visibility and accessibility. It offers practical on-site housing options for management or employees alongside the commercial/industrial space.
Key Highlights
- Commercial/industrial site on a high‑traffic avenue in Gainesville with strong visibility and accessibility
- Suitable for a wide variety of commercial and industrial uses
- Includes two fully remodeled 2‑bedroom apartments
Local Financial Insights For Multifamily LT 5
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 | $168.6k | $15.00 |
| − Vacancy | −$11.0k | −$0.98 |
| EGI | $157.6k | $14.03 |
| − OpEx | −$47.3k | −$4.21 |
| NOI | $110.3k | $9.82 |
11,238 SF · lease $15.00/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.58M
$1.38M – $1.84M
NOI $110,329 @ 7.0% cap · market cap 5.81%
Second Best
Flex RnD
$1.51M
$1.32M – $1.76M
NOI $105,407 @ 7.0% cap · market cap 5.55%
Theoretical Best
Office A
$2.78M
$2.44M – $3.25M
NOI $194,840 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Christ Anointed Outreach ...
Church
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - A commercial/industrial site with excellent visibility that also includes two fully remodeled two-bedroom apartments.
Where is this duplex located?
The property is located at 1201 E University Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Commercial/industrial site on a high‑traffic avenue in Gainesville with strong visibility and accessibility; Suitable for a wide variety of commercial and industrial uses; Includes two fully remodeled 2‑bedroom apartments
