Leased Office Buildings in Office
For Sale
$1,144,255
7550 W University Avenue, Gainesville, FL 32607
Two fully leased office buildings in an established office park near Tower Road and Newberry Road.
Property Size6,185 SF
Days on Market79
Property Features for 7550 W University Avenue
General Information
Standard status
Active
Size
6,185 SF
Property subtype
Office
Building Details
Building Size
6,185 SF
Year Built
2002
Listing Agency:
Lee & Associates Gainesville
Listed By:
Lauren Vazquez, SIOR · License #3430046
(352) 222-4590
Source:
Lee-associates
Added: Jun 17
Changed: Sep 3
Last Checked: Sep 2 at 3:21PM
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 for-sale offering includes two office buildings within Tower Hill Office Park, available separately or together. Both buildings are fully leased, providing established in-place tenancy and immediate income from current occupants.
The properties are positioned within the office park near the intersection of Tower Road (NW 75th Street) and Newberry Road, with convenient access to I-75 and the greater Gainesville market. The combination of two leased buildings and an existing office park setting supports an uncomplicated ownership structure for buyers looking for stabilized, income-producing office assets.
The properties are positioned within the office park near the intersection of Tower Road (NW 75th Street) and Newberry Road, with convenient access to I-75 and the greater Gainesville market. The combination of two leased buildings and an existing office park setting supports an uncomplicated ownership structure for buyers looking for stabilized, income-producing office assets.
Key Highlights
- Two office buildings (2 buildings available) in Tower Hill Office Park, offered separately or together
- Both buildings are fully leased, providing in‑place rental income
- Year built: 2003
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$77,152
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,543,040
$1.5M
Cap Rate 7%
$1,102,171
$1.1M
Cap Rate 9%
$857,244
$857.2K
Market Conditions
NOI Build-Up for 6,185 SF
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.
Gross rent
$122.5K $19.80/SF
− Vacancy
−$19.6K −$3.17/SF
EGI
$102.9K $16.63/SF
− OpEx
−$25.7K −$4.16/SF
NOI
$77.2K $12.47/SF
Area
Gainesville, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,543,040
Cap Rate 7%
$1,102,171
Cap Rate 9%
$857,244
Alternative Uses
Best Use
Office B
$1.10M
$964.4K – $1.29M
NOI $77,152 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,233 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 32607, FL
35,420
Population
16,465
Households
2.2
Avg Household Size
28
Median Age
53%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,811
Density / Sq Mi
$46,517
Median Household Income
$30,690
Median Earnings
$1,222
Median Rent
$297,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Two fully leased office buildings in an established office park near Tower Road and Newberry Road.
Where is this office building located?
The property is located at 7550 W University Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,144,255.
What are key features of this property?
This property features: Two office buildings (2 buildings available) in Tower Hill Office Park, offered separately or together; Both buildings are fully leased, providing in‑place rental income; Year built: 2003
