Gainesville Office Building For
2970 SW 50th Ter Gainesville, FL 32608
2970 SW 50th Ter, Gainesville, FL, 32608
$16,900,000
For Sale
$16,900,000
65,260 SF custom-built office building in Celebration Pointe.
Property Size65,260 SF
Lot Size0.84 Acres
Price / SF$258.96
Days on Market140
Property Features for 2970 SW 50th Ter
General Information
- Standard status
- Active
- Size
- 65,260 SF
- Lot size
- 0.84 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2017
Listing agency
(352) 420-9889
Listed by
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
Source
Lee-associates
Added: Mar 4 Updated: Jul 6 at 10:22AM Checked: Jul 21 at 3:37AM
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 Dan Drotos, MSRE, CCIM, SIOR
Investment Insights
Based on property information with market context.
Located in Celebration Pointe, Gainesville, Florida, the property at 2970 SW 50th Terrace is a 65,260± square foot custom-built office building situated on 0.84± acres. This three-story building offers a combination of modern design, functionality, and sustainability. The building features floor-to-ceiling windows and a third-floor terrace that provides views of Celebration Pointe and the surrounding Florida landscape. The property has walkable access to entertainment, restaurants, shopping and personal services. It also features a sound masking system throughout the building, a state-of-the-art digital room scheduling system, and controlled access entry. A rooftop solar array produces 20% of the building's electricity. The property includes 2,400± SF of green roof. The landscaping consists of Florida-friendly, drought-tolerant plants. Protected land is located directly behind the building. Low or no VOC paint and flooring adhesives were used in construction. On-building signage is available. Ample parking is provided by adjacent parking garages. Furniture is included with the sale. The building has easy access to I-75, Archer Road and Butler Plaza Development. The building has LEED Gold Certification and zoned HVAC.
Key Highlights
- Prime location in Celebration Pointe with walkable access to entertainment, restaurants, shopping, and personal services.
- 65,260± SF, three‑story custom‑built office building with modern design, functionality, and sustainability.
- LEED Gold Certification, demonstrating commitment to environmental responsibility.
Local 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 | $1.29M | $19.80 |
| − Vacancy | −$206.7k | −$3.17 |
| EGI | $1.09M | $16.63 |
| − OpEx | −$271.4k | −$4.16 |
| NOI | $814.1k | $12.47 |
65,260 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$11.63M
$10.18M – $13.57M
NOI $814,053 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.16M
$14.14M – $18.86M
NOI $1,131,452 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Infotech
(Bike/Boat/Book/etc) Store
Bid Express
Association Or Organization
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 65,260 SF custom-built office building in Celebration Pointe.
Where is this office building located?
The property is located at 2970 SW 50th Ter Gainesville, FL.
What is the asking price?
The asking price for this property is $16,900,000.
What are key features of this property?
This property features: Prime location in Celebration Pointe with walkable access to entertainment, restaurants, shopping, and personal services.; 65,260± SF, three‑story custom‑built office building with modern design, functionality, and sustainability.; LEED Gold Certification, demonstrating commitment to environmental responsibility.
