Class A Office
For Sale
$4,830,000
2511 NW 41st St, Gainesville, FL 32606
Professionally designed office building in a prime, walkable location.
Property Size20,183 SF
Lot Size1.99 Acres
Price / SF$239.31
Days on Market221
Property Features for 2511 NW 41st St
General Information
Standard status
Active
Size
20,183 SF
Class
A
Lot size
1.99 Acres
Property subtype
Office
Building Details
Building Size
20,183 SF
Year Built
1995
Listing Agency:
Lee & Associates
Listed By:
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
(352) 420-9889
Source:
Lee-associates
Added: Mar 4
Changed: Oct 11
Last Checked: Oct 11 at 5:28AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This one-story, Class A professional office building is situated on approximately two acres beneath mature oak trees. Located along NW 41st Street, a well-traveled corridor in Gainesville, the property offers accessibility and walkability to public transportation, restaurants, grocery stores, and retail centers. The 20,183 square foot office building is fully leased through late 2027 without renewal options. Interior renovations completed in 2025 include tile flooring, cabinetry, solid surface counters, and new paint. A new roof was installed in 2024. The functional layout features a mix of open workspace and private executive offices, along with two full kitchens, an executive conference room, and a mail/copy center. The property includes a standby generator, access control, CCTV, and a data/server room with fire suppression. High visibility monument signage is located on NW 41st Street. Ample front and rear parking is available, with dual access points and excellent ingress/egress.
Key Highlights
- Fully leased through late 2027, offering immediate income and future flexibility.
- Prime location on NW 41st Street**, walkable to transportation, restaurants, and retail.
- Recent 2025 interior renovations including tile flooring, cabinetry, and new paint.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$251,763
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,035,260
$5.0M
Cap Rate 7%
$3,596,614
$3.6M
Cap Rate 9%
$2,797,367
$2.8M
Market Conditions
NOI Build-Up for 20,183 SF
Gross rent
$399.6K $19.80/SF
− Vacancy
−$63.9K −$3.17/SF
EGI
$335.7K $16.63/SF
− OpEx
−$83.9K −$4.16/SF
NOI
$251.8K $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%
$5,035,260
Cap Rate 7%
$3,596,614
Cap Rate 9%
$2,797,367
Alternative Uses
Best Use
Office B
$3.60M
$3.15M – $4.20M
NOI $251,763 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.00M
$4.37M – $5.83M
NOI $349,925 @ 7.0% cap · market cap 7.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,192
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
View Realmo Analytics
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?
Office building - Professionally designed office building in a prime, walkable location.
Where is this office building located?
The property is located at 2511 NW 41st St Gainesville, FL.
What is the asking price?
The asking price for this property is $4,830,000.
What are key features of this property?
This property features: Fully leased through late 2027, offering immediate income and future flexibility.; Prime location on NW 41st Street**, walkable to transportation, restaurants, and retail.; Recent 2025 interior renovations including tile flooring, cabinetry, and new paint.
