Two-Story Office Building in
For Sale
$1,150,000
5550 Northwest 111th Boulevard, Gainesville, FL 32653
Two-story office building with space to lease or occupy.
Property Size3,265 SF
Lot Size2.50 Acres
Price / SF$352.22
Days on Market219
Property Features for 5550 Northwest 111th Boulevard
General Information
Standard status
Active
Size
3,265 SF
Lot size
2.50 Acres
Property subtype
Office
Building Details
Year Built
2007
Listed By:
Lauren Vazquez, SIOR
(352) 222-4590
Source:
Lee-associates
Added: Mar 6
Changed: Jul 6
Last Checked: Oct 11 at 3:40AM
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 Lauren Vazquez, SIOR
Investment Insights
Based on property information with market context.
Located in the Alachua Crossings complex off US Highway 441 in Gainesville, Florida, this two-story brick office building is situated on 2.28 acres. The first floor includes 2,067 square feet of office space available to lease or occupy. The entire 3,265 square foot second floor is vacant and also available to lease or occupy. Both floors have access to shared common office areas, including a reception area, break area/kitchen, and conference or training room space. The property offers ample parking and a private, natural setting. It is located on the Gainesville-Alachua Tech Corridor and is 9.4 miles from downtown Gainesville, 6.7 miles from downtown Alachua, and 9.0 miles from the University of Florida.
Key Highlights
- Located directly on US Highway 441 in the Gainesville‑Alachua Tech Corridor.
- Two‑story brick office building with flexible lease/occupancy options for both floors.
- Vacant 3,265± SF second floor available for lease/occupancy.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,728
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$814,560
$814.6K
Cap Rate 7%
$581,829
$581.8K
Cap Rate 9%
$452,533
$452.5K
Market Conditions
NOI Build-Up for 3,265 SF
Gross rent
$64.6K $19.80/SF
− Vacancy
−$10.3K −$3.17/SF
EGI
$54.3K $16.63/SF
− OpEx
−$13.6K −$4.16/SF
NOI
$40.7K $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%
$814,560
Cap Rate 7%
$581,829
Cap Rate 9%
$452,533
Alternative Uses
Best Use
Office B
$581.8K
$509.1K – $678.8K
NOI $40,728 @ 7.0% cap · market cap 3.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$808.7K
$707.6K – $943.5K
NOI $56,607 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 32653, FL
14,397
Population
6,746
Households
2.1
Avg Household Size
45
Median Age
52%
College-Educated
97%
High-School Grad
38.5 sq mi
ZIP Area
374
Density / Sq Mi
$97,700
Median Household Income
$52,523
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Two-story office building with space to lease or occupy.
Where is this office building located?
The property is located at 5550 Northwest 111th Boulevard Gainesville, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Located directly on US Highway 441 in the Gainesville‑Alachua Tech Corridor.; Two‑story brick office building with flexible lease/occupancy options for both floors.; Vacant **3,265± SF second floor available for lease/occupancy.**
