Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space Near University of Florida Title is generated by Realmo AI

    2020 W University Ave, Gainesville, FL

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Office space available across from University of Florida's stadium.

    Type:OFFICE
    Property size:
    3,245 SF
    Lot size:
    1.00 Acres
    Added:
    Jan 27, 2023
    Days on Market:
    1228
    Last Refresh:
    May 20 at 9:29 pm

    Property Features for 2020 W University Ave

    General Information

    Standard status
    Active
    Size
    3,245 SF
    Lot size
    1.00 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 2020 W University Ave Contact us

    We can help!

    Listing Contact
    Rick Cain
    Rick Cain

    Listing agent Rick Cain License #SL3127464

    Listing office Avison Young | Gainesville

    Listing date Jan 27, 2023

    Source Moodyscre

    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 Avison Young | Gainesville

    HighLights

    • Unmatched proximity to the University of Florida campus.
    • Directly across the street from Ben Hill Griffin Stadium and Exactech Arena.
    • Up to 5,393 sf available.
    • Large open space provides flexibility.
    • Lease rate is $18/sf MG.
    • Utilities and janitorial service available for an additional $4/sf.

    Overview

    This office space is located directly across the street from Ben Hill Griffin Stadium and Exactech Arena at the University of Florida. Up to 5,393 square feet of space is available. The large, open layout provides flexibility for various uses. The property's proximity to the University of Florida campus is a notable feature. The lease rate is $18 per square foot on a modified gross basis, with an additional $4 per square foot for utilities and janitorial service.
    Property Profile Location Intelligence

    Current Use by Public Records

    My IT Masters Tech Support Center University of Florida Hillel Church The College Football Network, ... Corporate Office Premier PPE Supply Medical Supply Store Maria del Carmen ... Law Firm

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3505
    Latitude
    29.6524

    Nearby Similar for Lease

    • $15 SF/Yr
      4,138 SF

      Turnkey Dental Office in Gainesville

      Ready-to-operate dental office in high-traffic Gainesville location.
      4031 NW 43RD STREET, GAINESVILLE, FL 32606
      View Details
    • $12 SF/Yr
      3,700 SF

      Gainesville Office Space Available

      Office building with flexible floor plans and ample parking.
      1405 NW 13TH STREET, GAINESVILLE, FL 32601
      View Details
    • $15 SF/Yr
      1,200 SF

      Gainesville Office Space For Lease

      1200 SF office space in prime Gainesville location.
      4509 NW 23RD AVENUE, GAINESVILLE, FL 32606
      View Details
    • $22 SF/Yr
      1,506 SF

      Modern Office Space in Gainesville

      Versatile office space with high visibility and ample parking.
      2441 NW 43RD STREET, GAINESVILLE, FL 32606
      View Details
    • $1,300/Mo
      53,400 SF

      Gainesville Flex Space For Rent

      Flexible space ideal for office, light industrial, or warehouse use.
      1901 NW 67TH PLACE, GAINESVILLE, FL 32653
      View Details
    • $3,000/Mo
      2,245 SF

      Gainesville Retail Building For Rent

      Retail building with two sections in excellent Gainesville location.
      1820 NE 2ND STREET, GAINESVILLE, FL 32609
      View Details
    • $1,500/Mo
      31,375 SF

      Gainesville Retail & Office Space

      Retail, office, and medical spaces available in Glenwood Plaza.
      125 NW 23RD AVENUE, GAINESVILLE, FL 32609
      View Details
    • $1,500/Mo
      1,523 SF

      Gainesville Office Space For Lease

      Office space for lease near US 441 in Gainesville.
      6505 SW 13TH STREET, GAINESVILLE, FL 32608
      View Details
    • $16 SF/Yr
      711 SF

      Gainesville Office Suites For Rent

      Office suites available in a sought-after Gainesville location.
      3434 SW 24TH AVENUE, GAINESVILLE, FL 32607
      View Details
    • $2,500/Mo
      3,900 SF

      Gainesville Automotive/Industrial Facility For Lease

      3,612 SF industrial/automotive facility on 0.33 acre lot for lease.
      1550 SE 3RD AVENUE, GAINESVILLE, FL 32641
      View Details
    • $2,500/Mo
      49,281 SF

      Gainesville Office Space For Rent

      Prime location office space with ample parking and street signage.
      3601 SW 2ND AVENUE, GAINESVILLE, FL 32607
      View Details
    • $13 SF/Yr
      1,400 SF

      Gainesville Office Suites For Rent

      Office suites available near Archer Road, UF Health, and UF.
      3434 SW 24TH AVENUE, GAINESVILLE, FL 32607
      View Details

    FAQs

    What type of property is this?
    Office units - Office space available across from University of Florida's stadium.
    Where is this office units located?
    The property is located at 2020 W University Ave Gainesville, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Unmatched proximity to the University of Florida campus.; Directly across the street from Ben Hill Griffin Stadium and Exactech Arena.; Up to 5,393 sf available.
    (352) 281-9393 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rick Cain
    Rick Cain
    Real Estate License ID: SL3127464
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2020 W University Ave, Gainesville, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!