Gainesville Office/Flex Investment
5719 NW 13th St, Gainesville, FL 32653
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Fully leased office/flex property with long-term tenant and development potential.
Type:Office
Property size:
15,600 SFLot size:
2.60 AcresPrice / SF:
$160/SF- Added:
- Mar 2, 2026
- Days on Market:
- 117
- Last Refresh:
- Mar 16 at 1:56 pm
Property Features for 5719 NW 13th St
General Information
- Standard status
- Active
- Size
- 15,600 SF
- Lot size
- 2.60 Acres
- Property subtype
- Office
Listing office Bosshardt Realty Services (352) 316-8413
Listing date Mar 2, 2026
Source Crexi
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 Bosshardt Realty Services
HighLights
- Fully leased through April 1, 2035, to Partnership for Strong Families, a State of Florida contracted lead agency, providing a secure, government‑backed income stream.
- Lease includes two (2) five‑year renewal options and 3% annual rent increases beginning April 1, 2028, offering built‑in income growth and long‑term stability.
- Recent capital improvements exceeding $100,000, including roof coating (2022), HVAC upgrades, and LED lighting, minimizing near‑term capital expenditures.
- Buildable lot at the front of the parcel with approved commercial uses under the existing PD zoning, providing additional development potential.
- Located on 2.6 acres along NW 13th Street with approximately 29,000 vehicles per day, ensuring strong visibility and accessibility.
- Offered at $2,500,000 ($160.26/SF), presenting a strong investment opportunity in a desirable Gainesville corridor.
Overview
This 15,600 square foot office/flex property is fully leased to Partnership for Strong Families, a State of Florida contracted lead agency with a corporate structure, through April 1, 2035. The lease includes two five-year renewal options and 3% annual rent increases beginning April 1, 2028. Situated on 2.6 acres along NW 13th Street, the property benefits from approximately 29,000 vehicles per day, providing strong visibility and accessibility. Recent capital improvements exceeding $100,000 include a roof coating in 2022, HVAC upgrades, and LED lighting. The property also includes a buildable lot at the front of the parcel, with approved commercial uses under the existing PD zoning, offering additional development potential and long-term value creation. This asset presents a secure, government-backed income stream in a strong Gainesville corridor.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $308.9k | $19.80 |
| − Vacancy | −$49.4k | −$3.17 |
| EGI | $259.5k | $16.63 |
| − OpEx | −$64.9k | −$4.16 |
| NOI | $194.6k | $12.47 |
15,600 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.78M
$2.43M – $3.24M
NOI $194,594 @ 7.0% cap · market cap 7.78%
Second Best
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,320 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$3.86M
$3.38M – $4.51M
NOI $270,467 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Florida Department of Revenue ...
State Government Office
Depart of License Tags ...
Government Office
Water Damage Experts ...
Construction Company
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3466581
- Latitude
- 29.7073899
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FAQs
What type of property is this?
Office building - Fully leased office/flex property with long-term tenant and development potential.
Where is this office building located?
The property is located at 5719 NW 13th St Gainesville, FL.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Fully leased through April 1, 2035, to Partnership for Strong Families, a State of Florida contracted lead agency, providing a secure, government‑backed income stream.; Lease includes two (2) five‑year renewal options and 3% annual rent increases beginning April 1, 2028, offering built‑in income growth and long‑term stability.; Recent capital improvements exceeding $100,000, including roof coating (2022), HVAC upgrades, and LED lighting, minimizing near‑term capital expenditures.
