For Sale
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4300 NW 89th Blvd, Gainesville, FL 32606
Office buildings
Property Size40,179 SF
Price / SF$174.22
Days on Market741
Property Features for 4300 NW 89th Blvd
General Information
Standard status
Active
Size
40,179 SF
Property subtype
Office
Zoning
HM
Building Details
Buildings
1
Stories
3
Listing Agency:
Colliers - Jacksonville, Florida
Listed By:
Fran Pepis · License #FL 551316
(904) 358-1206
Source:
Crexi
Added: Oct 1, 2024
Changed: Oct 6
Last Checked: Oct 11 at 6:44AM
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 Colliers - Jacksonville, Florida
Investment Insights
Based on property information with market context.
Key Highlights
- Over 40,000 SF of executive office space.
- Secure environment with electronic access and on‑site security office.
- Convenient truck‑high loading dock for logistics.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$501,193
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,023,860
$10.0M
Cap Rate 7%
$7,159,900
$7.2M
Cap Rate 9%
$5,568,811
$5.6M
Market Conditions
NOI Build-Up for 40,179 SF
Gross rent
$795.5K $19.80/SF
− Vacancy
−$127.3K −$3.17/SF
EGI
$668.3K $16.63/SF
− OpEx
−$167.1K −$4.16/SF
NOI
$501.2K $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%
$10,023,860
Cap Rate 7%
$7,159,900
Cap Rate 9%
$5,568,811
Alternative Uses
Best Use
Office B
$7.16M
$6.26M – $8.35M
NOI $501,193 @ 7.0% cap · market cap 7.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$9.95M
$8.71M – $11.61M
NOI $696,607 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
609
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
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Frequently Asked Questions
Where is this office building located?
The property is located at 4300 NW 89th Blvd Gainesville, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Over 40,000 SF of executive office space.; Secure environment with electronic access and on‑site security office.; Convenient truck‑high loading dock for logistics.
