Flex Space with
For Sale
$1,625,000
2300 NW 71ST Place, Gainesville, FL 32653
Commercial Sale, GAINESVILLE, FL
Property Size12,360 SF
Lot Size1.05 Acres
Price / SF$131.47
Days on Market189
Property Features for 2300 NW 71ST Place
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
I1
Directions
From Gainesville: Head toward SW 1 St 0.4 mi Turn right onto W 6th St 3.5 mi Continue onto NW 13th St 1.2 mi Turn right onto NW 22nd St 0.5 mi Turn left onto NW 71st Pl
Subdivision
32653 - Gainesville
Standard status
Active
APN
06013-004-009
Size
12,360 SF
Lot size
1.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM SE COR SEC N 748.47 FT POB RUN NWLY ALONG CURVE 54.73 FT N 66 DEG W 12.06 FT N 299.53 FT E 140.51 FT S 1 DEG E 339.34 FT NWLY ALONG A CURVE 91.01 FT TO POB OR 4202/0856
Tax Annual Amount
11445
Legal Description
COM SE COR SEC N 748.47 FT POB RUN NWLY ALONG CURVE 54.73 FT N 66 DEG W 12.06 FT N 299.53 FT E 140.51 FT S 1 DEG E 339.34 FT NWLY ALONG A CURVE 91.01 FT TO POB OR 4202/0856
Amenities
14 private offices
large reception/lobby area
full kitchen/break area
Building Details
Year built
1986
Building materials
Block
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS · Coldwell Banker Real Estate
(352) 335-4999
Listed By:
Perry Pursell · License #BK518980
(352) 665-9731
Added: Feb 18
Changed: Aug 24
Last Checked: Aug 26 at 1:06AM
MLS# GC537501
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This I-1-zoned flex property is a concrete-block facility completed in 1986, offering 12,360 SF across office, warehouse, and manufacturing areas. The office component measures approximately 3,396 SF and includes 14 private offices, a reception and lobby area, plus a full kitchen and break room. Approximately 8,500 SF is configured for warehouse or manufacturing use, with five roll-up doors supporting movement between the building and paved yard and drive areas.
The property occupies approximately 1.05 acres at 2300 NW 71st Place in Gainesville, Florida. Its combination of enclosed work space, administrative areas, paved exterior circulation, and industrial zoning provides a unified setting for operations requiring both office and production or storage functions.
The property occupies approximately 1.05 acres at 2300 NW 71st Place in Gainesville, Florida. Its combination of enclosed work space, administrative areas, paved exterior circulation, and industrial zoning provides a unified setting for operations requiring both office and production or storage functions.
Key Highlights
- 12,360 SF concrete‑block flex building on approximately 1.05 acres
- I‑1 zoning with approximately 8,500 SF of warehouse/manufacturing area
- Approximately 3,396 SF of office space with 14 private offices
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
$115,931
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
7.13%
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%
$2,318,620
$2.3M
Cap Rate 7%
$1,656,157
$1.7M
Cap Rate 9%
$1,288,122
$1.3M
Market Conditions
NOI Build-Up for 12,360 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
$192.8K $15.60/SF
− Vacancy
−$14.5K −$1.17/SF
EGI
$178.4K $14.43/SF
− OpEx
−$62.4K −$5.05/SF
NOI
$115.9K $9.38/SF
Area
Gainesville, FL
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
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%
$2,318,620
Cap Rate 7%
$1,656,157
Cap Rate 9%
$1,288,122
Alternative Uses
Best Use
Office B
$2.20M
$1.93M – $2.57M
NOI $154,179 @ 7.0% cap · market cap 9.49%
Second Best
Flex RnD
$1.66M
$1.45M – $1.93M
NOI $115,931 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$3.06M
$2.68M – $3.57M
NOI $214,293 @ 7.0% cap · market cap 13.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32653, FL
14,397
Population
6,746
Households
2.1
Avg Household Size
45
Median Age
52%
College-Educated
97%
High-School Grad
38.5 sq mi
ZIP Area
374
Density / Sq Mi
$97,700
Median Household Income
$52,523
Median Earnings
$1,130
Median Rent
$273,700
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?
Flex space - Concrete-block commercial property combines dedicated offices with warehouse and manufacturing areas.
Where is this flex space located?
The property is located at 2300 NW 71ST Place Gainesville, FL.
What is the asking price?
The asking price for this property is $1,625,000.
What are key features of this property?
This property features: 12,360 SF concrete‑block flex building on approximately 1.05 acres; I‑1 zoning with approximately 8,500 SF of warehouse/manufacturing area; Approximately 3,396 SF of office space with 14 private offices
