Gainesville Office Investment
1103 NW 13TH St Gainesville, FL 32601
For Sale
$850,000
Office investment property located near the University of Florida.
Property Size3,549 SF
Price / SF$239.50
Days on Market94
Property Features for 1103 NW 13TH St
General Information
- Standard status
- Active
- Size
- 3,549 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1953
Listing Agency:
Coldwell Banker M.M. Parrish Realtors
(352) 665-9731
Listed By:
Perry Pursell · License #0518980
(352) 665-9731
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 26 at 5:30AM
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 Coldwell Banker M.M. Parrish Realtors
Investment Insights
Based on property information with market context.
This office investment property is situated 11 blocks north of the University of Florida. It comprises two buildings. Building 1 has a total area of 3549 square feet and includes two units along with 560 square feet of storage space. Building 2 contains two units and has a total area of 2893 square feet. The roofs of both buildings were replaced in 2017. The property has a good rental history. The location is considered very bikeable, with a bike score of 81, and somewhat walkable, with a walk score of 65.
Key Highlights
- Office investment property located near the University of Florida.
- Two buildings totaling 6442 SF (3549 SF + 2893 SF).
- Includes 560 SF of storage space.
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 | $70.3k | $19.80 |
| − Vacancy | −$11.2k | −$3.17 |
| EGI | $59.0k | $16.63 |
| − OpEx | −$14.8k | −$4.16 |
| NOI | $44.3k | $12.47 |
3,549 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$632.4K
$553.4K – $737.8K
NOI $44,270 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$879.0K
$769.1K – $1.03M
NOI $61,531 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kaiser Permanente
Insurance Agency
GuidePoint Labs
Medical Laboratory
Beautifiend
Spa & Massage Center
Layed2perfection
Nail Salon
FAQs
What type of property is this?
Office building - Office investment property located near the University of Florida.
Where is this office building located?
The property is located at 1103 NW 13TH St Gainesville, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Office investment property located near the University of Florida.; Two buildings totaling 6442 SF (3549 SF + 2893 SF).; Includes 560 SF of storage space.
