Turnkey Medical Office
For Sale
Contact for pricing
1014 NW 57TH ST, Gainesville, FL 32605
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 Market68
Property Features for 1014 NW 57TH ST
General Information
Standard status
Active
Size
9,427 SF
Class
B
Total Parking Spaces
41
Property subtype
Office
Zoning
PD
Investment Type
Owner/User
Additional Details
Business Included
Yes
Building Details
Year Built
1996
Year Renovated
2026
Stories
2
Units
41
Listing Agency:
Portal Realty
Listed By:
Jordan Fennell · License #sl3250872
Source:
Crexi
Added: Jun 5
Changed: Aug 8
Last Checked: Aug 10 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 Portal Realty
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 = 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
$118,644
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
6.98%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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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
