Gainesville Office Building For
For Sale
$4,416,500
1615 NW 80th Boulevard, Gainesville, FL 32606
20,074 SF office building in Gainesville, Florida. Light Industrial zoning.
Property Size20,074 SF
Price / SF$220.01
Days on Market221
Property Features for 1615 NW 80th Boulevard
General Information
Standard status
Active
Size
20,074 SF
Class
A
Property subtype
Office
Building Details
Building Size
20,074 SF
Year Built
2002
Listing Agency:
Colliers | Gainesville
Listed By:
Rory Causseaux, P.E.
(352) 317-6341
Source:
Lee-associates
Added: Mar 4
Changed: Oct 10
Last Checked: Oct 11 at 3:51AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$250,403
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,008,060
$5.0M
Cap Rate 7%
$3,577,186
$3.6M
Cap Rate 9%
$2,782,256
$2.8M
Market Conditions
NOI Build-Up for 20,074 SF
Gross rent
$397.5K $19.80/SF
− Vacancy
−$63.6K −$3.17/SF
EGI
$333.9K $16.63/SF
− OpEx
−$83.5K −$4.16/SF
NOI
$250.4K $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 Rate 5%
$5,008,060
Cap Rate 7%
$3,577,186
Cap Rate 9%
$2,782,256
Alternative Uses
Best Use
Office B
$3.58M
$3.13M – $4.17M
NOI $250,403 @ 7.0% cap · market cap 5.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.97M
$4.35M – $5.80M
NOI $348,035 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,833
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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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 - 20,074 SF office building in Gainesville, Florida. Light Industrial zoning.
Where is this office building located?
The property is located at 1615 NW 80th 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.
