Office Campus with Fitness
New
For Sale
$10,900,000
7201 NW 11TH Place, Gainesville, FL 32605
Commercial Sale, GAINESVILLE, FL
Property Size66,247 SF
Lot Size10.40 Acres
Price / SF$164.54
Days on Market4
Property Features for 7201 NW 11TH Place
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
AP
Security features
Security System
Directions
Take I-75 to Exit 387/Newberry Road (SR 26) and travel east. Turn left (north) onto NW 69th Terrace, then left onto NW 11th Place. Continue to 7201 NW 11th Place.
Subdivision
32605 - Gainesville
Standard status
Active
APN
06336-000-000
Size
66,247 SF
Lot size
10.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM NW COR OF UNIV ACRES PB F-88 S 2129 FT W 890.05 FT & POB RUN S 567.15 FT W 505.99 FT N 572.85 FT E 506.30 FT TO POB OR 2098/2806
Tax Annual Amount
123800
Legal Description
COM NW COR OF UNIV ACRES PB F-88 S 2129 FT W 890.05 FT & POB RUN S 567.15 FT W 505.99 FT N 572.85 FT E 506.30 FT TO POB OR 2098/2806
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Amenities
commercial kitchen
dining area
server room
whole-building generator
gym/fitness facility
locker rooms
showers
Building Details
Year built
1974
Building materials
Stucco, Frame
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS · Coldwell Banker Real Estate
(352) 335-4999
Listed By:
Shasta Schoellhorn · License #3484708
(352) 922-0048
Added: Oct 3
Changed: Oct 6
Last Checked: Oct 6 at 8:06PM
MLS# GC543263
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This Gainesville office property spans 66,247 square feet across 10.4 acres. Its facilities include multiple office and meeting areas, a commercial kitchen and dining space, a server room, and an approximately 11,248-square-foot fitness center with locker rooms and showers. A whole-building generator, existing office furnishings, and approximately 220 parking spaces are also included. The building dates to 1974 and has central air conditioning.
The property is near I-75 and Newberry Road, with access to the University of Florida, UF Health, HCA Florida North Florida Hospital, and Gainesville commercial corridors. AP zoning supports professional, administrative, and institutional uses, including healthcare administration, education and training, research, and sports performance.
The property is near I-75 and Newberry Road, with access to the University of Florida, UF Health, HCA Florida North Florida Hospital, and Gainesville commercial corridors. AP zoning supports professional, administrative, and institutional uses, including healthcare administration, education and training, research, and sports performance.
Key Highlights
- 66,247‑square‑foot office property on 10.4 acres
- Approximately 11,248‑square‑foot fitness center 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
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,848
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
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 - AP-zoned property combines professional workspace with extensive on-site employee amenities.
Where is this office building located?
The property is located at 7201 NW 11TH Place 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‑square‑foot office property on 10.4 acres; Approximately 11,248‑square‑foot fitness center with locker rooms and showers; Approximately 220 parking spaces
