Leased Office Buildings in Office
For Sale
$1,144,255
7550 W University Avenue, Gainesville, FL 32607
Two fully leased office buildings in an established office park near Tower Road and Newberry Road.
Property Size6,185 SF
Days on Market125
Property Features for 7550 W University Avenue
General Information
Standard status
Active
Size
6,185 SF
Property subtype
Office
Building Details
Building Size
6,185 SF
Year Built
2002
Listing Agency:
Lee & Associates | Gainesville
Listed By:
Lauren Vazquez, SIOR
(352) 222-4590
Source:
Lee-associates
Added: Jun 17
Changed: Oct 12
Last Checked: Oct 19 at 5:29AM
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
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Investment Insights
Based on property information with market context.
This for-sale offering includes two office buildings within Tower Hill Office Park, available separately or together. Both buildings are fully leased, providing established in-place tenancy and immediate income from current occupants.
The properties are positioned within the office park near the intersection of Tower Road (NW 75th Street) and Newberry Road, with convenient access to I-75 and the greater Gainesville market. The combination of two leased buildings and an existing office park setting supports an uncomplicated ownership structure for buyers looking for stabilized, income-producing office assets.
The properties are positioned within the office park near the intersection of Tower Road (NW 75th Street) and Newberry Road, with convenient access to I-75 and the greater Gainesville market. The combination of two leased buildings and an existing office park setting supports an uncomplicated ownership structure for buyers looking for stabilized, income-producing office assets.
Key Highlights
- Two office buildings (2 buildings available) in Tower Hill Office Park, offered separately or together
- Both buildings are fully leased, providing in‑place rental income
- Year built: 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,152
Cap Rate
6.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,543,040
$1.5M
Cap Rate 7%
$1,102,171
$1.1M
Cap Rate 9%
$857,244
$857.2K
Market Conditions
NOI Build-Up for 6,185 SF
Gross rent
$122.5K $19.80/SF
− Vacancy
−$19.6K −$3.17/SF
EGI
$102.9K $16.63/SF
− OpEx
−$25.7K −$4.16/SF
NOI
$77.2K $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%
$1,543,040
Cap Rate 7%
$1,102,171
Cap Rate 9%
$857,244
Alternative Uses
Best Use
Office B
$1.10M
$964.4K – $1.29M
NOI $77,152 @ 7.0% cap · market cap 6.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.79M
NOI $107,233 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,015
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two fully leased office buildings in an established office park near Tower Road and Newberry Road.
Where is this office building located?
The property is located at 7550 W University Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,144,255.
What are key features of this property?
This property features: Two office buildings (2 buildings available) in Tower Hill Office Park, offered separately or together; Both buildings are fully leased, providing in‑place rental income; Year built: 2003
