Office Campus with Fitness
New
For Sale
$10,900,000
7201 NW 11TH, Gainesville, FL 32605
A furnished corporate setting combines meeting areas, dining facilities, and campus-scale support infrastructure.
Property Size66,247 SF
Lot Size10.40 Acres
Price / SF$164.54
Days on Market1
Property Features for 7201 NW 11TH
General Information
Standard status
Active
Size
66,247 SF
Total Parking Spaces
220
Lot size
10.40 Acres
Property subtype
Commercial
Zoning
AP
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$123,799
Amenities
full commercial kitchen and dining area
dedicated server room
whole-building generator
gym/fitness facility with locker rooms and showers
Building Details
Building Size
66,247 SF
Year Built
1974
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
Listed By:
Shasta Schoellhorn · License #3484708
(352) 922-0048
Source:
Elliman
Added: Oct 7
Last Checked: Oct 7 at 2:29PM
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
Investment Insights
Based on property information with market context.
This 66,247 SF office campus occupies 10.4± acres and includes multiple work and meeting areas. The property also features a commercial kitchen and dining space, a dedicated server room, and a whole-building generator. An approximately 11,248 SF fitness facility has locker rooms and showers. Existing office furnishings are included, and the campus provides approximately 220 parking spaces.
In Northwest Gainesville, the property is near I-75 and Newberry Road, with access to the University of Florida, UF Health, HCA Florida North Florida Hospital, and the city’s main commercial corridors. AP zoning permits professional, administrative, and institutional uses. The building dates to 1974.
In Northwest Gainesville, the property is near I-75 and Newberry Road, with access to the University of Florida, UF Health, HCA Florida North Florida Hospital, and the city’s main commercial corridors. AP zoning permits professional, administrative, and institutional uses. The building dates to 1974.
Key Highlights
- 66,247 SF office campus on 10.4± acres
- Approximately 11,248 SF fitness facility with locker rooms and showers
- Approximately 220 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$826,365
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$16,527,300
$16.5M
Cap Rate 7%
$11,805,214
$11.8M
Cap Rate 9%
$9,181,833
$9.2M
Market Conditions
NOI Build-Up for 66,247 SF
Gross rent
$1.31M $19.80/SF
− Vacancy
−$209.9K −$3.17/SF
EGI
$1.10M $16.63/SF
− OpEx
−$275.5K −$4.16/SF
NOI
$826.4K $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%
$16,527,300
Cap Rate 7%
$11,805,214
Cap Rate 9%
$9,181,833
Alternative Uses
Best Use
Office B
$11.81M
$10.33M – $13.77M
NOI $826,365 @ 7.0% cap · market cap 7.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.41M
$14.36M – $19.14M
NOI $1,148,564 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 32605, FL
24,326
Population
11,651
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
2,482
Density / Sq Mi
$83,114
Median Household Income
$48,741
Median Earnings
$1,505
Median Rent
$264,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A furnished corporate setting combines meeting areas, dining facilities, and campus-scale support infrastructure.
Where is this office building located?
The property is located at 7201 NW 11TH Gainesville, FL.
What is the asking price?
The asking price for this property is $10,900,000.
What are key features of this property?
This property features: 66,247 SF office campus on 10.4± acres; Approximately 11,248 SF fitness facility with locker rooms and showers; Approximately 220 parking spaces
