First-Floor Office
300 E University Ave Ste 100, Gainesville, FL 32601
For Sale
$1,349,000
Private offices and dedicated meeting areas support daily operations in downtown Gainesville.
Property Size7,284 SF
Days on Market48
Property Features for 300 E University Ave Ste 100
General Information
Standard status
Size
Class
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates
Listed By:
Dan Drotos, CCIM, MSRE, SIOR · License FL BK3255693
(352) 420-9889
Source:
Thebrokerlist
Added: Sep 26
Changed: Nov 10
Last Checked: Nov 10 at 5:12AM
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
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Investment Insights
Based on property information with market context.
This 7,264± SF Class A office suite occupies the first floor of a three-story brick-and-stone building constructed in 2002. Its layout includes a reception area, training and board room, conference room, seven private offices, twelve modular Steelcase offices, and open collaboration space. Additional features include 12-foot ceilings, an IT closet, restroom, copy area, storage, and technology wiring. Marble and granite finishes appear in the common areas and restrooms, and oak-and-glass doors connect the lobby to the suite.
The property is at 300 E University Ave in downtown Gainesville, directly across from City Hall and the downtown plaza. City and county offices, restaurants, shops, hotels, and arts venues are within walking distance. On-site parking is available, with nearby parking garages providing additional options. Digital access is provided after hours.
The property is at 300 E University Ave in downtown Gainesville, directly across from City Hall and the downtown plaza. City and county offices, restaurants, shops, hotels, and arts venues are within walking distance. On-site parking is available, with nearby parking garages providing additional options. Digital access is provided after hours.
Key Highlights
- 7,264± SF Class A office suite
- Seven private offices plus 12 modular Steelcase offices
- 12‑foot ceilings and exterior windows along University Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,861
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,817,220
$1.8M
Cap Rate 7%
$1,298,014
$1.3M
Cap Rate 9%
$1,009,567
$1.0M
Market Conditions
NOI Build-Up for 7,284 SF
Gross rent
$144.2K $19.80/SF
− Vacancy
−$23.1K −$3.17/SF
EGI
$121.1K $16.63/SF
− OpEx
−$30.3K −$4.16/SF
NOI
$90.9K $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%
$1,817,220
Cap Rate 7%
$1,298,014
Cap Rate 9%
$1,009,567
Alternative Uses
Best Use
Office B
$1.30M
$1.14M – $1.51M
NOI $90,861 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,287 @ 7.0% cap · market cap 9.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,151
Businesses Nearby
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Business Placement
Demographics for 32601, FL
22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Gainesville, FL
Properties on Market for Office Units in Gainesville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Private offices and dedicated meeting areas support daily operations in downtown Gainesville.
Where is this office unit located?
The property is located at 300 E University Ave Ste 100 Gainesville, FL.
What is the asking price?
The asking price for this property is $1,349,000.
What are key features of this property?
This property features: 7,264± SF Class A office suite; Seven private offices plus 12 modular Steelcase offices; 12‑foot ceilings and exterior windows along University Avenue
