Turnkey Medical Office
1014 NW 57TH ST, Gainesville, FL 32605
For Sale
Contact for pricing
Two-story freestanding medical building with multiple fully equipped exam rooms and staff workstations for immediate use.
Property Size9,427 SF
Price / SF$180.33
Days on Market159
Property Features for 1014 NW 57TH ST
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Investment Type
Additional Details
Business Included
Building Details
Year Built
Year Renovated
Stories
Units
Listing Agency:
Portal Realty
Listed By:
Jordan Fennell · License FL SL3250872
Source:
Crexi
Added: Jun 5
Changed: Nov 7
Last Checked: Nov 10 at 9:10AM
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 Portal Realty
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Investment Insights
Based on property information with market context.
This 9,427 SF, two-story freestanding medical building is offered as a turnkey owner-user opportunity. The interior includes 22+ fully equipped exam rooms, along with multiple nurses' stations, supporting an efficient care-team workflow. The building is described as ready for immediate occupancy, with a medical build-out already in place.
The property is located in Gainesville’s Park Avenue Medical District, positioning it within a dedicated healthcare area. As a freestanding facility, it allows for straightforward on-site operations without sharing space with other tenants.
For physician groups, healthcare practices, or other qualified owner-users, the existing exam room count and staff stations can help reduce pre-opening build-out time and related costs. The configuration is designed to support day-to-day clinical operations immediately, and the seller notes that SBA 504 financing may be available for qualified owner-users, potentially with as little as 10% down.
The property is located in Gainesville’s Park Avenue Medical District, positioning it within a dedicated healthcare area. As a freestanding facility, it allows for straightforward on-site operations without sharing space with other tenants.
For physician groups, healthcare practices, or other qualified owner-users, the existing exam room count and staff stations can help reduce pre-opening build-out time and related costs. The configuration is designed to support day-to-day clinical operations immediately, and the seller notes that SBA 504 financing may be available for qualified owner-users, potentially with as little as 10% down.
Key Highlights
- 9,427 SF two‑story freestanding medical building
- Built in 1996
- 22+ fully equipped exam rooms for clinical use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,644
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,372,880
$2.4M
Cap Rate 7%
$1,694,914
$1.7M
Cap Rate 9%
$1,318,267
$1.3M
Market Conditions
NOI Build-Up for 9,427 SF
Gross rent
$214.9K $22.80/SF
− Vacancy
−$17.2K −$1.82/SF
EGI
$197.7K $20.98/SF
− OpEx
−$79.1K −$8.39/SF
NOI
$118.6K $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 Rate 5%
$2,372,880
Cap Rate 7%
$1,694,914
Cap Rate 9%
$1,318,267
Alternative Uses
Best Use
Healthcare Medical
$1.69M
$1.48M – $1.98M
NOI $118,644 @ 7.0% cap · market cap 6.98%
Second Best
Office B
$1.68M
$1.47M – $1.96M
NOI $117,592 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,442 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,611
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Medical center - Two-story freestanding medical building with multiple fully equipped exam rooms and staff workstations for immediate use.
Where is this medical center located?
The property is located at 1014 NW 57TH ST Gainesville, FL.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,427 SF two‑story freestanding medical building; Built in 1996; 22+ fully equipped exam rooms for clinical use
