824 E University Ave, Gainesville, FL 32601
Premier 12-unit mixed-use property near University of Florida.
- Added:
- Mar 19, 2026
- Days on Market:
- 100
- Last Refresh:
- Mar 20 at 8:46 pm
Property Features for 824 E University Ave
General Information
- Standard status
- Active
- Size
- 12,008 SF
- Lot size
- 1.60 Acres
- Property subtype
- Mixed Use, Multifamily
Building Details
- Year Built
- 1947
Listing office Portal Realty (352) 871-5865
Listing date Mar 19, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Portal Realty
HighLights
- Premier mixed‑use investment opportunity with flexible zoning allowing for up to 29 units.
- Stable in‑place cash flow from 11 well‑maintained residential units and a professionally finished commercial office building.
- Surplus land available for future development, increasing the property's long‑term value.
- Exceptional visibility and access due to its position on a signalized corner with approximately 200 feet of frontage along University Avenue.
- Located in Gainesville’s Historic Duckpond neighborhood, just five minutes from the University of Florida.
- Seller financing available to qualified buyers.
Overview
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 | $237.8k | $19.80 |
| − Vacancy | −$38.0k | −$3.17 |
| EGI | $199.7k | $16.63 |
| − OpEx | −$49.9k | −$4.16 |
| NOI | $149.8k | $12.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3153268
- Latitude
- 29.6524213