Gainesville Office Building For
For Sale
$2,530,000
1701 NW 80th Boulevard, Gainesville, FL 32606
10,498 SF office building in a prime Gainesville location.
Property Size10,498 SF
Price / SF$240
Days on Market176
Property Features for 1701 NW 80th Boulevard
General Information
Standard status
Active
Size
10,498 SF
Class
A
Property subtype
Office
Building Details
Building Size
10,498 SF
Year Built
2008
Listing Agency:
Colliers | Gainesville
(352) 317-6341
Listed By:
Rory Causseaux, P.E.
(352) 317-6341
Source:
Lee-associates
Added: Mar 4
Changed: Aug 19
Last Checked: Aug 26 at 6:14AM
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 10,498 SF office building, constructed in 2008, is located in Gainesville, FL. The property has Light Industrial zoning (ML) in Alachua County. The building is partitioned into 4 suites to accommodate multiple tenants. It features LED lighting and an outdoor covered and screened break space. There are 69 parking spaces. The property is located off Ft Clarke Blvd, east onto NW 15th Place, continuing east on NW 15th Place until the road turns north to become NW 80 Blvd. The building is the third building on the right. This property is suited for office building investors and businesses.
Key Highlights
- Prime location in the desirable Gainesville area.
- 10,498 SF office building constructed in 2008.
- Light Industrial zoning (ML) in Alachua County offers versatile business opportunities.
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
$130,952
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
5.18%
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%
$2,619,040
$2.6M
Cap Rate 7%
$1,870,743
$1.9M
Cap Rate 9%
$1,455,022
$1.5M
Market Conditions
NOI Build-Up for 10,498 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
$207.9K $19.80/SF
− Vacancy
−$33.3K −$3.17/SF
EGI
$174.6K $16.63/SF
− OpEx
−$43.7K −$4.16/SF
NOI
$131.0K $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%
$2,619,040
Cap Rate 7%
$1,870,743
Cap Rate 9%
$1,455,022
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.18M
NOI $130,952 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.28M – $3.03M
NOI $182,010 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
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 - 10,498 SF office building in a prime Gainesville location.
Where is this office building located?
The property is located at 1701 NW 80th Boulevard Gainesville, FL.
What is the asking price?
The asking price for this property is $2,530,000.
What are key features of this property?
This property features: Prime location in the desirable Gainesville area.; 10,498 SF office building constructed in 2008.; Light Industrial zoning (ML) in Alachua County offers versatile business opportunities.
