Multi-Building Office Park
For Sale
$1,410,000
7540 W University Avenue, Gainesville, FL 32607
Two office buildings within an established office park are offered separately or together and are 100% leased.
Property Size7,050 SF
Days on Market128
Property Features for 7540 W University Avenue
General Information
Standard status
Active
Size
7,050 SF
Property subtype
Office
Occupancy
100%
Building Details
Building Size
7,050 SF
Year Built
2002
Tenancy
Single
Listing Agency:
Lee & Associates | Gainesville
Listed By:
Lauren Vazquez, SIOR
(352) 222-4590
Source:
Lee-associates
Added: Jun 18
Changed: Oct 16
Last Checked: Oct 23 at 4:58AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering includes two office buildings located within Tower Hill Office Park, available for purchase separately or together. Both buildings are currently 100% occupied, providing in-place income.
The portfolio includes one single-tenant building and one multi-tenant building, offering a mix of tenant concentration across the two assets. The properties are situated within an established and professionally maintained office park off NW 75th Street (Tower Road).
Each building is part of the same office park community, creating a straightforward acquisition structure for investors seeking exposure to a maintained office setting with fully leased occupancy.
The portfolio includes one single-tenant building and one multi-tenant building, offering a mix of tenant concentration across the two assets. The properties are situated within an established and professionally maintained office park off NW 75th Street (Tower Road).
Each building is part of the same office park community, creating a straightforward acquisition structure for investors seeking exposure to a maintained office setting with fully leased occupancy.
Key Highlights
- Two office buildings in Tower Hill Office Park offered separately or together
- Both buildings are 100% occupied and fully leased
- Mix of one single‑tenant building (7540) and one multi‑tenant building (7550)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,728
Cap Rate
6.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,560
$1.8M
Cap Rate 7%
$1,267,543
$1.3M
Cap Rate 9%
$985,867
$985.9K
Market Conditions
NOI Build-Up for 7,050 SF
Gross rent
$160.7K $22.80/SF
− Vacancy
−$12.9K −$1.82/SF
EGI
$147.9K $20.98/SF
− OpEx
−$59.2K −$8.39/SF
NOI
$88.7K $12.59/SF
Area
Gainesville, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,560
Cap Rate 7%
$1,267,543
Cap Rate 9%
$985,867
Alternative Uses
Best Use
Healthcare Medical
$1.27M
$1.11M – $1.48M
NOI $88,728 @ 7.0% cap · market cap 6.29%
Second Best
Office B
$1.26M
$1.10M – $1.47M
NOI $87,942 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,230 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,240
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
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two office buildings within an established office park are offered separately or together and are 100% leased.
Where is this office building located?
The property is located at 7540 W University Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: Two office buildings in Tower Hill Office Park offered separately or together; Both buildings are 100% occupied and fully leased; Mix of one single‑tenant building (7540) and one multi‑tenant building (7550)
