Multi-Tenant Office
For Sale
$1,399,000
1410 Northwest 13th Street, Gainesville, FL 32601
Income-producing office building with multiple month-to-month tenants and separate meters for tenant billing.
Property Size5,736 SF
Lot Size0.91 Acres
Days on Market16
Property Features for 1410 Northwest 13th Street
General Information
Standard status
Active
Size
5,736 SF
Class
B
Lot size
0.91 Acres
Property subtype
Office - General Office
Additional Details
Traffic Count
46,000 vehicles/day
Building Details
Building Size
5,736 SF
Tenancy
Multi
Listing Agency:
Bosshardt Realty Services
(352) 256-7532
Listed By:
Makayla Richardson · License #SL3598503
Source:
Commercialcafe
Added: Jul 26
Changed: Aug 10
Last Checked: Aug 9 at 8:10AM
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 Bosshardt Realty Services
Investment Insights
Based on property information with market context.
Income-producing office property on approximately 0.91 acres with an existing office building currently occupied by multiple tenants on month-to-month leases. The building is separately metered, supporting straightforward tenant billing and flexible leasing or reconfiguration.
The property is located along Gainesville’s high-traffic NW 13th Street corridor, near the University of Florida, with strong access and wraparound circulation. It offers two points of ingress/egress and is positioned two parcels from a signalized intersection. Combined traffic counts along the surrounding corridor exceed 46,000 vehicles per day.
The surrounding area includes national retailers and established neighborhoods with dense commercial activity.
The property is located along Gainesville’s high-traffic NW 13th Street corridor, near the University of Florida, with strong access and wraparound circulation. It offers two points of ingress/egress and is positioned two parcels from a signalized intersection. Combined traffic counts along the surrounding corridor exceed 46,000 vehicles per day.
The surrounding area includes national retailers and established neighborhoods with dense commercial activity.
Key Highlights
- 0.91‑acre income‑producing office property on Gainesville’s high‑traffic NW 13th Street corridor
- Multiple tenants with month‑to‑month leases, providing immediate income and owner‑user flexibility
- Building is separately metered for straightforward individual tenant billing
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
$71,551
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
5.11%
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%
$1,431,020
$1.4M
Cap Rate 7%
$1,022,157
$1.0M
Cap Rate 9%
$795,011
$795.0K
Market Conditions
NOI Build-Up for 5,736 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
$113.6K $19.80/SF
− Vacancy
−$18.2K −$3.17/SF
EGI
$95.4K $16.63/SF
− OpEx
−$23.9K −$4.16/SF
NOI
$71.6K $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%
$1,431,020
Cap Rate 7%
$1,022,157
Cap Rate 9%
$795,011
Alternative Uses
Best Use
Office B
$1.02M
$894.4K – $1.19M
NOI $71,551 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,448 @ 7.0% cap · market cap 7.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
46,000 VPD
Traffic count
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,904
Businesses Nearby
Explore this area
Business Placement
Demographics for 32601, FL
22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
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?
Office building - Income-producing office building with multiple month-to-month tenants and separate meters for tenant billing.
Where is this office building located?
The property is located at 1410 Northwest 13th Street Gainesville, FL.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: 0.91‑acre income‑producing office property on Gainesville’s high‑traffic NW 13th Street corridor; Multiple tenants with month‑to‑month leases, providing immediate income and owner‑user flexibility; Building is separately metered for straightforward individual tenant billing
