Gainesville Flex Space
7230 West University Avenue Gainesville, FL 32607
7230 West University Avenue, Gainesville, FL, 32607
$1,300,000
For Sale
$1,300,000
10,022 SF flex space in a prime location.
Property Size10,022 SF
Price / SF$129.71
Days on Market140
Property Features for 7230 West University Avenue
General Information
- Standard status
- Active
- Size
- 10,022 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1984
Listing agency
Lee & Associates Gainesville
(352) 494-2100
Listed by
Brian Oen · License #BK3372787
(352) 494-2100
Source
Lee-associates
Added: Mar 4 Updated: Jul 6 at 10:22AM Checked: Jul 22 at 4:50AM
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 Lee & Associates Gainesville
Investment Insights
Based on property information with market context.
This ±10,022 SF flex space is located in the heart of SW Gainesville’s commercial corridor, offering a combination of professional office, conditioned warehouse, ample storage space, and abundant dedicated parking spaces. The property is suitable for a wide range of users. Situated just off Tower Road and minutes from Newberry Road and I-75, the property provides access to major routes and is surrounded by retailers including Home Depot, Publix, The Oaks Mall, and HCA Florida North Florida Hospital. The property features multiple private offices and conference rooms, a reception area, open work areas, a break room, and restrooms. High-speed data and cable connectivity are available. The conditioned warehouse space has a flexible layout, and there are ample storage areas for inventory or equipment. The property includes front access for deliveries or light loading. There are 55 on-site parking spaces. The property offers visibility and signage potential. The location provides a strategic advantage for industrial and manufacturing investors due to its proximity to major transportation arteries and logistical hubs. The area benefits from a robust industrial infrastructure and access to a skilled workforce, bolstered by the presence of the University of Florida. Nearby points of interest include the Gainesville Technology Entrepreneurship Center and the Santa Fe College Perry Center for Emerging Technologies. This environment, combined with the region's pro-business policies, makes the location an ideal choice for industrial and manufacturing investors seeking to capitalize on a strong industrial ecosystem.
Key Highlights
- 10,022 SF flex space with professional office, conditioned warehouse, and ample storage.
- Excellent location in SW Gainesville's commercial corridor, near Tower Road, Newberry Road, and I‑75.
- Abundant on‑site parking with 55 spaces.
Local Financial Insights For Flex RnD
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 | $156.3k | $15.60 |
| − Vacancy | −$11.7k | −$1.17 |
| EGI | $144.6k | $14.43 |
| − OpEx | −$50.6k | −$5.05 |
| NOI | $94.0k | $9.38 |
10,022 SF · lease $15.60/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.79M
$1.56M – $2.08M
NOI $125,014 @ 7.0% cap · market cap 9.62%
Second Best
Flex RnD
$1.34M
$1.18M – $1.57M
NOI $94,001 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,757 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Best Restoration & Floor ...
Hardware & Home Improvement
Area Rug Masters
Carpet Cleaning Service
Gainesville Turnover Specialists
Painting Service
Similar For Sale Nearby
Similar Off Market Nearby
- Moe's Southwest Grill — 7770 W Newberry Rd, Gainesville, FL 32606
- Powell's Soul Food Express, LLC — 100 Castle Dr, Gainesville, FL 32607
FAQs
What type of property is this?
Flex space - 10,022 SF flex space in a prime location.
Where is this flex space located?
The property is located at 7230 West University Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 10,022 SF flex space with professional office, conditioned warehouse, and ample storage.; Excellent location in SW Gainesville's commercial corridor, near Tower Road, Newberry Road, and I‑75.; Abundant on‑site parking with 55 spaces.
