Gainesville Office Building For
1615 NW 80th Boulevard Gainesville, FL 32606
1615 NW 80th Boulevard, Gainesville, FL, 32606
$4,416,500
For Sale
$4,416,500
20,074 SF office building in Gainesville, Florida. Light Industrial zoning.
Property Size20,074 SF
Price / SF$220.01
Days on Market140
Property Features for 1615 NW 80th Boulevard
General Information
- Standard status
- Active
- Size
- 20,074 SF
- Property subtype
- Office
Building Details
- Year Built
- 2002
Listing agency
Colliers | Gainesville
(352) 317-6341
Listed by
Rory Causseaux, P.E.
(352) 317-6341
Source
Lee-associates
Added: Mar 4 Updated: Jul 10 at 12:54PM Checked: Jul 21 at 5:07AM
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 Colliers | Gainesville
Investment Insights
Based on property information with market context.
This 20,074 SF office building in Gainesville, FL, constructed in 2002, offers an investment opportunity for investors and end users. The property, located in the Gainesville area, features Light Industrial zoning (ML) in Alachua County, suitable for various business ventures. The building has been meticulously maintained and includes a new roof installed in 2024. The interior is fully furnished with over 100 workstations and private offices. Significant IT support facilities and backup generators are in place. Parking is available for over 102 vehicles. The property is located off Ft Clarke Blvd; turn east onto NW 15 Place, continue east until NW 15th Place turns north and becomes NW 80th Blvd. The property is the second building on the right.
Key Highlights
- 20,074 SF modern office building in a prime Gainesville location.
- Light Industrial (ML) zoning in Alachua County allows for versatile business ventures.
- New roof installed in 2024.
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 | $397.5k | $19.80 |
| − Vacancy | −$63.6k | −$3.17 |
| EGI | $333.9k | $16.63 |
| − OpEx | −$83.5k | −$4.16 |
| NOI | $250.4k | $12.47 |
20,074 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.58M
$3.13M – $4.17M
NOI $250,403 @ 7.0% cap · market cap 5.67%
Second Best
Flex RnD
$2.69M
$2.35M – $3.14M
NOI $188,284 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $348,035 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Florida Credit Union
Credit Union
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - 20,074 SF office building in Gainesville, Florida. Light Industrial zoning.
Where is this office building located?
The property is located at 1615 NW 80th Boulevard Gainesville, FL.
What is the asking price?
The asking price for this property is $4,416,500.
What are key features of this property?
This property features: 20,074 SF modern office building in a prime Gainesville location.; Light Industrial (ML) zoning in Alachua County allows for versatile business ventures.; New roof installed in 2024.
