Gainesville Office Building on 9.45
6901 SW 24th Ave Gainesville, FL 32607
6901 SW 24th Ave, Gainesville, FL, 32607
$7,750,000
For Sale
$7,750,000
Three-story office building with high visibility and flexible leasing options.
Property Size35,821 SF
Lot Size9.45 Acres
Price / SF$216.35
Days on Market138
Property Features for 6901 SW 24th Ave
General Information
- Standard status
- Active
- Size
- 35,821 SF
- Lot size
- 9.45 Acres
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agency
Colliers | Gainesville
(352) 420-9889
Listed by
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
Source
Lee-associates
Added: Mar 6 Updated: Jul 10 at 1:00PM Checked: Jul 21 at 5:50AM
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 Colliers | Gainesville
Investment Insights
Based on property information with market context.
This three-story office building offers approximately 35,000 square feet of office space and is situated on 9.45 acres. The property is located along the SW 24th Avenue corridor, which experiences an average daily traffic count of 19,000 vehicles. The location provides accessibility and visibility. The building features east and west stairwells, along with two central elevators, providing access to all floors. The property is suitable for a large corporation or a growing company. Tenants have the option to lease the entire building or individual floors. The property is within walking distance of both CVS Pharmacy and Walgreens, and is also located minutes from shopping, hotels, professional offices, healthcare facilities, schools, restaurants, banking, and public transportation. SW 24th Avenue connects the western edge of the University of Florida to areas just west of I-75.
Key Highlights
- 35,000± SF of prime office space, ideal for a large or growing company.
- High visibility location on SW 24th Avenue with 19,000 average daily traffic count.
- Flexible leasing options available: entire building or individual floors.
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 | $709.3k | $19.80 |
| − Vacancy | −$113.5k | −$3.17 |
| EGI | $595.8k | $16.63 |
| − OpEx | −$148.9k | −$4.16 |
| NOI | $446.8k | $12.47 |
35,821 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.38M
$5.59M – $7.45M
NOI $446,831 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.87M
$7.76M – $10.35M
NOI $621,050 @ 7.0% cap · market cap 8.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Gainesville Fencing Co
General Contractor
Hogtown Painting Solutions
General Contractor
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Three-story office building with high visibility and flexible leasing options.
Where is this office building located?
The property is located at 6901 SW 24th Ave Gainesville, FL.
What is the asking price?
The asking price for this property is $7,750,000.
What are key features of this property?
This property features: 35,000± SF of **prime office space**, ideal for a large or growing company.; **High visibility location** on SW 24th Avenue with 19,000 average daily traffic count.; Flexible leasing options available: entire building or individual floors.
