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Gainesville Office Building For Sale

1615 Northwest 80 Boulevard Gainesville, FL 32606

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For Sale
$4,416,500

20,074 SF office building in Gainesville, Florida. Light Industrial zoning.

Type:Office
Property size:
20,074 SF
Price / SF:
$220/SF
Added:
Mar 4, 2026
Days on Market:
130
Last Refresh:
Apr 5 at 9:42 pm

Property Features for 1615 Northwest 80 Boulevard

General Information

Standard status
Active
Size
20,074 SF
Property subtype
Office

Building Details

Year Built
2002

Listing office Colliers | Gainesville

Listing date Mar 4, 2026

Source Lee-associates

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 20,074 SF office building in Gainesville, FL, constructed in 2002, offers an investment opportunity for investors and end users. The property, located in the Gainesville area, features Light Industrial zoning (ML) in Alachua County, suitable for various business ventures. The building has been meticulously maintained and includes a new roof installed in 2024. The interior is fully furnished with over 100 workstations and private offices. Significant IT support facilities and backup generators are in place. Parking is available for over 102 vehicles. The property is located off Ft Clarke Blvd; turn east onto NW 15 Place, continue east until NW 15th Place turns north and becomes NW 80th Blvd. The property is the second building on the right.

Key Highlights

  • 20,074 SF modern office building in a prime Gainesville location.
  • Light Industrial (ML) zoning in Alachua County allows for versatile business ventures.
  • New roof installed in 2024.

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 $397.5k $19.80
− Vacancy −$63.6k −$3.17
EGI $333.9k $16.63
− OpEx −$83.5k −$4.16
NOI $250.4k $12.47
20,074 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$3.58M
$3.13M – $4.17M (±1% cap)
NOI $250,403 @ 7.0% cap · market cap 5.67%
Second Best
Flex RnD
$2.69M
$2.35M – $3.14M (±1% cap)
NOI $188,284 @ 7.0% cap · market cap 4.26%
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M (±1% cap)
NOI $348,035 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

HVAC Service Electrical Service Locksmith (Bike/Boat/Book/etc) Store Florist Travel Agency Pet Store (Bike/Boat/Book/etc) Store Pet Store & Service Plumbing Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office building - 20,074 SF office building in Gainesville, Florida. Light Industrial zoning.
Where is this office building located?
The property is located at 1615 Northwest 80 Boulevard Gainesville, FL.
What is the asking price?
The asking price for this property is $4,416,500.
What are key features of this property?
This property features: 20,074 SF modern office building in a prime Gainesville location.; Light Industrial (ML) zoning in Alachua County allows for versatile business ventures.; New roof installed in 2024.
Contact an agent
More about this property
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