Gainesville Flex Space
For Sale
$1,300,000
7230 West University Avenue, Gainesville, FL 32607
10,022 SF flex space in a prime location.
Property Size10,022 SF
Price / SF$129.71
Days on Market176
Property Features for 7230 West University Avenue
General Information
Standard status
Active
Size
10,022 SF
Property subtype
Industrial
Building Details
Building Size
10,022 SF
Year Built
1984
Listing Agency:
Lee & Associates Gainesville
(352) 494-2100
Listed By:
Brian Oen · License #BK3372787
(352) 494-2100
Source:
Lee-associates
Added: Mar 4
Changed: Aug 14
Last Checked: Aug 26 at 6:51AM
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 Gainesville
Investment Insights
Based on property information with market context.
This ±10,022 SF flex space is located in the heart of SW Gainesville’s commercial corridor, offering a combination of professional office, conditioned warehouse, ample storage space, and abundant dedicated parking spaces. The property is suitable for a wide range of users. Situated just off Tower Road and minutes from Newberry Road and I-75, the property provides access to major routes and is surrounded by retailers including Home Depot, Publix, The Oaks Mall, and HCA Florida North Florida Hospital. The property features multiple private offices and conference rooms, a reception area, open work areas, a break room, and restrooms. High-speed data and cable connectivity are available. The conditioned warehouse space has a flexible layout, and there are ample storage areas for inventory or equipment. The property includes front access for deliveries or light loading. There are 55 on-site parking spaces. The property offers visibility and signage potential. The location provides a strategic advantage for industrial and manufacturing investors due to its proximity to major transportation arteries and logistical hubs. The area benefits from a robust industrial infrastructure and access to a skilled workforce, bolstered by the presence of the University of Florida. Nearby points of interest include the Gainesville Technology Entrepreneurship Center and the Santa Fe College Perry Center for Emerging Technologies. This environment, combined with the region's pro-business policies, makes the location an ideal choice for industrial and manufacturing investors seeking to capitalize on a strong industrial ecosystem.
Key Highlights
- 10,022 SF flex space with professional office, conditioned warehouse, and ample storage.
- Excellent location in SW Gainesville's commercial corridor, near Tower Road, Newberry Road, and I‑75.
- Abundant on‑site parking with 55 spaces.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$94,001
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,880,020
$1.9M
Cap Rate 7%
$1,342,871
$1.3M
Cap Rate 9%
$1,044,456
$1.0M
Market Conditions
NOI Build-Up for 10,022 SF
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.
Gross rent
$156.3K $15.60/SF
− Vacancy
−$11.7K −$1.17/SF
EGI
$144.6K $14.43/SF
− OpEx
−$50.6K −$5.05/SF
NOI
$94.0K $9.38/SF
Area
Gainesville, FL
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,880,020
Cap Rate 7%
$1,342,871
Cap Rate 9%
$1,044,456
Alternative Uses
Best Use
Flex RnD
$1.34M
$1.18M – $1.57M
NOI $94,001 @ 7.0% cap · market cap 7.23%
Second Best
Industrial
$971.1K
$849.7K – $1.13M
NOI $67,979 @ 7.0% cap · market cap 5.23%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,757 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,909
Businesses Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Powell's Soul Food Express, LLC — 100 Castle Dr, Gainesville, FL 32607
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Frequently Asked Questions
What type of property is this?
Flex space - 10,022 SF flex space in a prime location.
Where is this flex space located?
The property is located at 7230 West University Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 10,022 SF flex space with professional office, conditioned warehouse, and ample storage.; Excellent location in SW Gainesville's commercial corridor, near Tower Road, Newberry Road, and I‑75.; Abundant on‑site parking with 55 spaces.
