Leased Medical Office
For Sale
$2,085,000
1775 NW 80th Blvd, Gainesville, FL 32606
Single-tenant medical office building leased to Fresenius Kidney Care.
Property Size8,500 SF
Price / SF$245.29
Days on Market21
Property Features for 1775 NW 80th Blvd
General Information
Standard status
Active
Size
8,500 SF
Property subtype
Office
Occupancy
100%
Additional Details
Cap Rate
6.5%
Amenities
Recently Executed Lease Extension (Running Through 5/31/2030)
Original Build-to-Suit Location for Fresenius in 2005
2% Annual Rent Increases | Corporate Credit | One 5-Year Renewal Option Remaining
Busy Location with 21 Dialysis Stations Operating 6 Days Per Week
Institutional Credit Tenant: Fresenius Kidney Care, the U.S. Dialysis Division of Fresenius Medical Care, the Largest Kidney Care Provider in the World, With Thousands of Clinics Globally and a Publicly Traded Parent Company.
Strong Market Presence in Gainesville: Fresenius Operates Multiple Facilities in the Gainesville Market Showing Long-Term Commitment to the Region
Located Within Two-Property Condo Association with Majority Share Interest Conveying with the Sale (See Agent for Further Details)
Less than 2 Miles from HCA North Florida Hospital (523 Beds)
Building Details
Building Size
8,500 SF
Year Built
2005
Tenancy
Single
Listing Agency:
Marcus & Millichap - Orlando
(407) 557-3847
Listed By:
Ray Turchi · License #License(s): FL: BK3015549
(407) 557-3847
Source:
Marcusmillichap
Added: Jul 25
Changed: Jul 26
Last Checked: Aug 14 at 3:29AM
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 Marcus & Millichap - Orlando
Investment Insights
Based on property information with market context.
This 8,500 RSF medical office building is offered for sale and is 100% leased to Fresenius Kidney Care. The property is configured to support a healthcare use and presents a single-tenant setup with an in-place lease.
The building is located at 1775 NW 80th Blvd in Gainesville, FL. The offering is presented with a stated 6.50% figure.
For investors or operators seeking a fully occupied medical office asset, this property provides leased medical space with current tenant occupancy through Fresenius Kidney Care.
The building is located at 1775 NW 80th Blvd in Gainesville, FL. The offering is presented with a stated 6.50% figure.
For investors or operators seeking a fully occupied medical office asset, this property provides leased medical space with current tenant occupancy through Fresenius Kidney Care.
Key Highlights
- Single‑tenant 8,500 RSF medical office building
- 100% leased to Fresenius Kidney Care
- Year built: 2005
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
$106,978
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
5.13%
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%
$2,139,560
$2.1M
Cap Rate 7%
$1,528,257
$1.5M
Cap Rate 9%
$1,188,644
$1.2M
Market Conditions
NOI Build-Up for 8,500 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
$193.8K $22.80/SF
− Vacancy
−$15.5K −$1.82/SF
EGI
$178.3K $20.98/SF
− OpEx
−$71.3K −$8.39/SF
NOI
$107.0K $12.59/SF
Area
Gainesville, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$2,139,560
Cap Rate 7%
$1,528,257
Cap Rate 9%
$1,188,644
Alternative Uses
Best Use
Healthcare Medical
$1.53M
$1.34M – $1.78M
NOI $106,978 @ 7.0% cap · market cap 5.13%
Second Best
Office B
$1.51M
$1.33M – $1.77M
NOI $106,029 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$2.11M
$1.84M – $2.46M
NOI $147,370 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
268
Businesses Nearby
Explore this area
Business Placement
Demographics for 32606, FL
24,380
Population
11,230
Households
2.2
Avg Household Size
40
Median Age
60%
College-Educated
98%
High-School Grad
15.4 sq mi
ZIP Area
1,583
Density / Sq Mi
$79,888
Median Household Income
$49,153
Median Earnings
$1,664
Median Rent
$319,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical center - Single-tenant medical office building leased to Fresenius Kidney Care.
Where is this medical center located?
The property is located at 1775 NW 80th Blvd Gainesville, FL.
What is the asking price?
The asking price for this property is $2,085,000.
What are key features of this property?
This property features: Single‑tenant 8,500 RSF medical office building; 100% leased to Fresenius Kidney Care; Year built: 2005
