Office Property With Separate
For Sale
$365,000
914 13th Street, Gainesville, FL 32601
Multiple offices, reception space, storage, and parking support owner occupancy or investment use.
Property Size2,368 SF
Price / SF$154.14
Days on Market30
Property Features for 914 13th Street
General Information
Standard status
Active
Size
2,368 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$24
Amenities
Central Air
3
Building Details
Year Built
1953
Buildings
2
Listing Agency:
BHHS FLORIDA REALTY
(352) 225-4700
Listed By:
Joe Freck
Source:
Xome
Added: Jul 29
Changed: Aug 25
Last Checked: Aug 26 at 6:26AM
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 BHHS FLORIDA REALTY
Investment Insights
Based on property information with market context.
This office property includes multiple office rooms, a defined reception area, and a separate building with additional office and storage space. The improvements date to 1953, and on-site parking serves staff and customers.
The property is near University Avenue, the University of Florida, and a range of businesses and restaurants. Its location also records a bike score of 81, classified as Very Bikeable, and a walk score of 65, classified as Somewhat Walkable.
The combination of distinct office areas, reception space, auxiliary storage, and a second building provides a practical setup for an owner-user or an investment property.
The property is near University Avenue, the University of Florida, and a range of businesses and restaurants. Its location also records a bike score of 81, classified as Very Bikeable, and a walk score of 65, classified as Somewhat Walkable.
The combination of distinct office areas, reception space, auxiliary storage, and a second building provides a practical setup for an owner-user or an investment property.
Key Highlights
- Multiple office rooms with dedicated reception space
- Separate building provides additional office and storage areas
- On‑site parking for staff and customers
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
$29,538
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
8.09%
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%
$590,760
$590.8K
Cap Rate 7%
$421,971
$422.0K
Cap Rate 9%
$328,200
$328.2K
Market Conditions
NOI Build-Up for 2,368 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
$46.9K $19.80/SF
− Vacancy
−$7.5K −$3.17/SF
EGI
$39.4K $16.63/SF
− OpEx
−$9.8K −$4.16/SF
NOI
$29.5K $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 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%
$590,760
Cap Rate 7%
$421,971
Cap Rate 9%
$328,200
Alternative Uses
Best Use
Office B
$422.0K
$369.2K – $492.3K
NOI $29,538 @ 7.0% cap · market cap 8.09%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$586.5K
$513.2K – $684.3K
NOI $41,055 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,634
Businesses Nearby
Explore this area
Business Placement
Demographics for 32601, FL
22,039
Population
11,204
Households
2
Avg Household Size
27
Median Age
62%
College-Educated
97%
High-School Grad
4.6 sq mi
ZIP Area
4,791
Density / Sq Mi
$30,878
Median Household Income
$18,954
Median Earnings
$1,092
Median Rent
$284,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multiple offices, reception space, storage, and parking support owner occupancy or investment use.
Where is this office building located?
The property is located at 914 13th Street Gainesville, FL.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Multiple office rooms with dedicated reception space; Separate building provides additional office and storage areas; On‑site parking for staff and customers
