Leased Office Buildings in Office
7550 West University Avenue Gainesville, FL 32607
7550 West University Avenue, Gainesville, FL, 32607
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For Sale
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Two fully leased office buildings in an established office park near Tower Road and Newberry Road.
Property Size6,185 SF
Price / SF$185
Days on Market36
Property Features for 7550 West University Avenue
General Information
- Standard status
- Active
- Size
- 6,185 SF
- Property subtype
- Office
Building Details
- Year Built
- 2003
Listing agency
Lee & Associates Gainesville
Listed by
Dan Drotos · License #FL 3255693
Source
Crexi
Added: Jun 16 Updated: Jul 20 at 10:30PM Checked: Jul 21 at 5:51AM
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 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
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $122.5k | $19.80 |
| − Vacancy | −$19.6k | −$3.17 |
| EGI | $102.9k | $16.63 |
| − OpEx | −$25.7k | −$4.16 |
| NOI | $77.2k | $12.47 |
6,185 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mammography & UltraSound Imaging ...
Physician
Advanced Hair Removal ...
Hair Salon
Dr. Maulik Shah ...
Physician
Johnathan Richards
Physician
Kumon Math and Reading ...
Tutoring Service
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FAQs
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 West University Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,144,225.
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
