Freestanding Medical
For Sale
$1,245,000
1034 NW 57TH Street, Gainesville, FL 32605
Commercial Sale, GAINESVILLE, FL
Property Size7,250 SF
Lot Size0.94 Acres
Price / SF$171.72
Days on Market48
Property Features for 1034 NW 57TH Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
PD
Subdivision
PARK AVE CONCOURSE
Standard status
Active
APN
06354-010-002
Size
7,250 SF
Lot size
0.94 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PARK AVE OFFICE CONCOURSE PB M-59 LOT 2 OR 4527/1573
Tax Annual Amount
17787
Legal Description
PARK AVE OFFICE CONCOURSE PB M-59 LOT 2 OR 4527/1573
Utilities
Cooling system
Central Air
Amenities
parking
exam rooms
laboratory
private offices
kitchen
reception area
waiting area
tray ceilings
recessed lighting
laminate flooring
screened-in patios
natural light
Building Details
Year built
1989
Floors in Building
2
Building materials
Block
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Eric Ligman · License #3086548
(352) 256-2112
Added: Jul 27
Changed: Aug 27
Last Checked: Sep 12 at 10:06PM
MLS# GC542447
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding medical office offers 7,250 square feet on a 0.94-acre parcel. The interior includes multiple exam rooms with running water, a laboratory, private offices, a kitchen, and spacious reception and waiting areas. Two screened-in patios provide outdoor break areas, while tray ceilings, recessed lighting, fresh paint, commercial-grade laminate flooring, and abundant natural light shape the finish package. Block construction and central air support the building’s existing configuration.
The property is located at 1034 NW 57th Street in Gainesville, near the HCA Healthcare campus, I-75, and The Oaks Mall. Built in 1989, the office is zoned PD and includes ample on-site parking. Its current layout supports medical, dental, and professional office use as stated in the property information.
The property is located at 1034 NW 57th Street in Gainesville, near the HCA Healthcare campus, I-75, and The Oaks Mall. Built in 1989, the office is zoned PD and includes ample on-site parking. Its current layout supports medical, dental, and professional office use as stated in the property information.
Key Highlights
- 7250 square feet of freestanding medical office space on 0.94 acres
- Multiple exam rooms equipped with running water, plus a laboratory
- Private offices, kitchen, reception area, and large waiting areas
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
$91,246
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
7.33%
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%
$1,824,920
$1.8M
Cap Rate 7%
$1,303,514
$1.3M
Cap Rate 9%
$1,013,844
$1.0M
Market Conditions
NOI Build-Up for 7,250 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
$165.3K $22.80/SF
− Vacancy
−$13.2K −$1.82/SF
EGI
$152.1K $20.98/SF
− OpEx
−$60.8K −$8.39/SF
NOI
$91.2K $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 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%
$1,824,920
Cap Rate 7%
$1,303,514
Cap Rate 9%
$1,013,844
Alternative Uses
Best Use
Healthcare Medical
$1.30M
$1.14M – $1.52M
NOI $91,246 @ 7.0% cap · market cap 7.33%
Second Best
Office B
$1.29M
$1.13M – $1.51M
NOI $90,437 @ 7.0% cap · market cap 7.26%
Theoretical Best
Office A
$1.80M
$1.57M – $2.09M
NOI $125,698 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,611
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 32605, FL
24,326
Population
11,651
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
2,482
Density / Sq Mi
$83,114
Median Household Income
$48,741
Median Earnings
$1,505
Median Rent
$264,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Clinical layout includes exam rooms, laboratory space, private offices, and ample parking.
Where is this medical office space located?
The property is located at 1034 NW 57TH Street Gainesville, FL.
What is the asking price?
The asking price for this property is $1,245,000.
What are key features of this property?
This property features: 7250 square feet of freestanding medical office space on 0.94 acres; Multiple exam rooms equipped with running water, plus a laboratory; Private offices, kitchen, reception area, and large waiting areas
