Downtown Office
New
For Sale
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537 NE 1ST STREET #2, Gainesville, FL 32601
First-floor workspace includes electric and water, with a shared bathroom.
Property Size350 SF
Price / SF$20.57
Days on Market4
Property Features for 537 NE 1ST STREET #2
General Information
Standard status
Active
Size
350 SF
Property subtype
Office
Site & Location
Neighborhood
Duckpond
Additional Details
Floor
First Floor
Property Use
Office
Amenities
0.19 acres
Additional parcels description:, Parcel Number: 14109-000-000, Public Survey Range: 20, Public Survey Section: 5, Annual Amount: $8,002.32, Legal Description: BRUSH ADDN DB 0-218 BK 4 W 106 FT OF N 80 FT OF BK 4 OR 1724/2173, Lot: 4, Year: 2025, Zoning: OR
Luxury Vinyl
Central Air
Listing ID: MFRGC544472, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-10-29
Built in 1964, Living area units: Square Feet, 1 storey, Levels: One, Construction Materials: Brick
Subdivision: GAINESVILLE BRUSH ADD TO-, MLS Area (Major): 32601 - Gainesville, County/Parish: Alachua
Leasable area: 350
Slab
Common Area Maintenance, Electricity, Gas, Grounds Care, Pest Control, Property Insurance, Sewer, Taxes, Trash Collection, Water
Internet
Frontage Type: City Street, Road Surface: Paved
Building Details
Year Built
1964
Tenancy
Multi
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
Listed By:
Mark Stern · License #3300664
(352) 281-4885
Source:
Miharaandassociates
Added: Oct 29
Changed: Oct 30
Last Checked: Nov 1 at 5:39AM
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 COLDWELL BANKER M.M. PARRISH REALTORS
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 350-square-foot office unit is on the first floor of a 1964 building in downtown Gainesville. Electric and water are included, and occupants share a bathroom. Phone and internet connections are the tenant’s responsibility.
The office is located on NE 1st Street in downtown Gainesville, within the area identified as attorney row.
The office is located on NE 1st Street in downtown Gainesville, within the area identified as attorney row.
Key Highlights
- 350‑square‑foot office unit
- First‑floor location in a 1964 building
- Electric and water included; bathroom shared
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,366
Suggested Prices Based on Cap Rates
Cap Rate 5%
$87,320
$87.3K
Cap Rate 7%
$62,371
$62.4K
Cap Rate 9%
$48,511
$48.5K
Market Conditions
NOI Build-Up for 350 SF
Gross rent
$6.9K $19.80/SF
− Vacancy
−$1.1K −$3.17/SF
EGI
$5.8K $16.63/SF
− OpEx
−$1.5K −$4.16/SF
NOI
$4.4K $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%
$87,320
Cap Rate 7%
$62,371
Cap Rate 9%
$48,511
Alternative Uses
Best Use
Office B
$62.4K
$54.6K – $72.8K
NOI $4,366 @ 7.0% cap · market cap 60.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$86.7K
$75.9K – $101.1K
NOI $6,068 @ 7.0% cap · market cap 84.28%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,145
Businesses Nearby
Explore this area
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
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor workspace includes electric and water, with a shared bathroom.
Where is this office unit located?
The property is located at 537 NE 1ST STREET #2 Gainesville, FL.
What are key features of this property?
This property features: 350‑square‑foot office unit; First‑floor location in a 1964 building; Electric and water included; bathroom shared
