Office Redevelopment
For Sale
$1,950,000
3557 SW 19th Avenue, Gainesville, FL 32607
COMMERCIAL - Gainesville, FL
Property Size11,484 SF
Lot Size1.13 Acres
Price / SF$169.80
Days on Market266
Property Features for 3557 SW 19th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 2, Bathroom 1, Bathroom 3
Directions
From I-75 N take exit 384 onto SR-24 Archer Rd to left onto SW 34th St left onto SE 19th st
Subdivision
99 - Other
Standard status
Active
APN
06702-003-004
Size
11,484 SF
Lot size
1.13 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SWEAT S/D LOT 2 DB 250/397 LOTS 4-5 UNRECORDED SURVEY IN LOT 10 OF LOT 2 ALL OR 1239/25 OR 1686/2744 & OR 3194/310 & OR 5122/0602
Tax Annual Amount
15221
Legal Description
SWEAT S/D LOT 2 DB 250/397 LOTS 4-5 UNRECORDED SURVEY IN LOT 10 OF LOT 2 ALL OR 1239/25 OR 1686/2744 & OR 3194/310 & OR 5122/0602
Building Details
Year built
1973
Listing Agency:
Coldwell Banker Commercial Benchmark
(386) 672-8530
Listed By:
Holly Booth · License #3540789
(678) 898-2721
Added: Nov 20, 2025
Changed: Aug 4
Last Checked: Aug 13 at 6:06AM
MLS# 1220222
Copyright © 2026 Daytona Beach Area Association of Realtors. 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 redevelopment site totals approximately 1.13 acres and is described as having flexible U-9 zoning. The property is positioned for adaptive reuse or redevelopment where flexible zoning may support a range of office-oriented concepts.
Located at 3557 SW 19th Avenue in Gainesville, the site is described as walkable to the University of Florida. The surrounding area is also seeing new student housing activity, including a nearby 239-unit student housing development with a structured garage, which may contribute to increased pedestrian activity in the area.
The property is listed for sale with a building size of 11,484 square feet, providing existing space that may be incorporated into redevelopment planning or interior reconfiguration.
Located at 3557 SW 19th Avenue in Gainesville, the site is described as walkable to the University of Florida. The surrounding area is also seeing new student housing activity, including a nearby 239-unit student housing development with a structured garage, which may contribute to increased pedestrian activity in the area.
The property is listed for sale with a building size of 11,484 square feet, providing existing space that may be incorporated into redevelopment planning or interior reconfiguration.
Key Highlights
- 1.12‑acre redevelopment site near the University of Florida
- Flexible U‑9 zoning
- Year built: 1973
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
$143,251
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
7.35%
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%
$2,865,020
$2.9M
Cap Rate 7%
$2,046,443
$2.0M
Cap Rate 9%
$1,591,678
$1.6M
Market Conditions
NOI Build-Up for 11,484 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
$227.4K $19.80/SF
− Vacancy
−$36.4K −$3.17/SF
EGI
$191.0K $16.63/SF
− OpEx
−$47.8K −$4.16/SF
NOI
$143.3K $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%
$2,865,020
Cap Rate 7%
$2,046,443
Cap Rate 9%
$1,591,678
Alternative Uses
Best Use
Office B
$2.05M
$1.79M – $2.39M
NOI $143,251 @ 7.0% cap · market cap 7.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $199,105 @ 7.0% cap · market cap 10.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
658
Businesses Nearby
Explore this area
Business Placement
Demographics for 32607, FL
35,420
Population
16,465
Households
2.2
Avg Household Size
28
Median Age
53%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,811
Density / Sq Mi
$46,517
Median Household Income
$30,690
Median Earnings
$1,222
Median Rent
$297,800
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?
Office building - Redevelopment site on 1.13 acres with flexible U-9 zoning near the University of Florida.
Where is this office building located?
The property is located at 3557 SW 19th Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 1.12‑acre redevelopment site near the University of Florida; Flexible U‑9 zoning; Year built: 1973
