Spacious Office Building For
For Sale
$5,250,000
6901 SW 24th Ave, Gainesville, FL 32607
35,000± SF office building with ample parking.
Property Size35,821 SF
Price / SF$146.56
Days on Market200
Property Features for 6901 SW 24th Ave
General Information
Standard status
Active
Size
35,821 SF
Property subtype
Office
Building Details
Building Size
35,821 SF
Year Built
2008
Listing Agency:
Lee & Associates
Listed By:
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
(352) 420-9889
Source:
Lee-associates
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 11 at 4:40AM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This free-standing, three-story office building offers approximately 35,000 square feet of space, suitable for a large corporation or a smaller company seeking room for expansion. Located on the SW 24th Avenue corridor, the property benefits from an average daily traffic count of 19,000 vehicles. The building features east and west stairwells, along with two central elevators for easy access to all floors. The entire building can be leased, or individual floors can be leased and secured separately. A fire sprinkler system is installed throughout the building, and a Kantech Access Control system allows for remote access and monitoring. The building has been wired for lighted on-building signage. The parking lot provides ample parking for employees, customers, or patients, with elevated solar panels offering shaded parking. The property is located in Southwestern Alachua County near the intersection of SW 24th Avenue and SW 75th Street (Tower Road), 1.2 miles west of I-75 on SW 24th Avenue. This portion of Alachua County is unincorporated and subject to the regulatory authority of Alachua County. The City Limits of Gainesville extend west of I-75 to within 0.2 miles to the northeast of the subject site along SW 24th Avenue.
Key Highlights
- 35,000± SF of prime office space available for lease.
- Located on SW 24th Avenue corridor with high traffic count (19,000 vehicles daily).
- Flexible leasing options: entire building or individual floors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$446,831
Cap Rate
8.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,936,620
$8.9M
Cap Rate 7%
$6,383,300
$6.4M
Cap Rate 9%
$4,964,789
$5.0M
Market Conditions
NOI Build-Up for 35,821 SF
Gross rent
$709.3K $19.80/SF
− Vacancy
−$113.5K −$3.17/SF
EGI
$595.8K $16.63/SF
− OpEx
−$148.9K −$4.16/SF
NOI
$446.8K $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%
$8,936,620
Cap Rate 7%
$6,383,300
Cap Rate 9%
$4,964,789
Alternative Uses
Best Use
Office B
$6.38M
$5.59M – $7.45M
NOI $446,831 @ 7.0% cap · market cap 8.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.87M
$7.76M – $10.35M
NOI $621,050 @ 7.0% cap · market cap 11.83%
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
212
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
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 - 35,000± SF office building with ample parking.
Where is this office building located?
The property is located at 6901 SW 24th Ave Gainesville, FL.
What is the asking price?
The asking price for this property is $5,250,000.
What are key features of this property?
This property features: 35,000± SF of prime office space available for lease.; Located on SW 24th Avenue corridor with high traffic count (19,000 vehicles daily).; Flexible leasing options: entire building or individual floors.
