Freestanding Medical
For Sale
$1,245,000
1034 NW 57TH STREET, Gainesville, FL 32605
Configured with exam rooms, a laboratory, private offices, and two screened outdoor patios.
Property Size7,000 SF
Price / SF$177.86
Days on Market8
Property Features for 1034 NW 57TH STREET
General Information
Standard status
Active
Size
7,000 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
1989
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Eric Ligman · License #3086548
Source:
Endlesssummerrealty
Added: Aug 3
Changed: Aug 9
Last Checked: Aug 9 at 5:52AM
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 BOSSHARDT REALTY SERVICES LLC
Investment Insights
Based on property information with market context.
Freestanding medical office property built in 1989 with a practical clinical and administrative layout. The interior includes multiple exam rooms with running water, a laboratory, private offices, a kitchen, and generous reception and waiting areas. Tray ceilings, recessed lighting, fresh paint, commercial-grade laminate flooring, and abundant natural light are among the interior features. Two screened-in patios provide exterior break areas, and ample parking is available.
The property is located at 1034 NW 57th Street in Gainesville, near the HCA Healthcare campus, I-75, and The Oaks Mall. Its existing configuration supports medical, dental, and professional office use.
The property is located at 1034 NW 57th Street in Gainesville, near the HCA Healthcare campus, I-75, and The Oaks Mall. Its existing configuration supports medical, dental, and professional office use.
Key Highlights
- Freestanding medical office built in 1989
- Multiple exam rooms equipped with running water
- Laboratory, private offices, kitchen, reception, and 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
$88,099
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
7.08%
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%
$1,761,980
$1.8M
Cap Rate 7%
$1,258,557
$1.3M
Cap Rate 9%
$978,878
$978.9K
Market Conditions
NOI Build-Up for 7,000 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
$159.6K $22.80/SF
− Vacancy
−$12.8K −$1.82/SF
EGI
$146.8K $20.98/SF
− OpEx
−$58.7K −$8.39/SF
NOI
$88.1K $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%
$1,761,980
Cap Rate 7%
$1,258,557
Cap Rate 9%
$978,878
Alternative Uses
Best Use
Healthcare Medical
$1.26M
$1.10M – $1.47M
NOI $88,099 @ 7.0% cap · market cap 7.08%
Second Best
Office B
$1.25M
$1.09M – $1.46M
NOI $87,318 @ 7.0% cap · market cap 7.01%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,363 @ 7.0% cap · market cap 9.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,691
Businesses Nearby
Well-served
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
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 Office Space - Configured with exam rooms, a laboratory, private offices, and two screened outdoor patios.
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: Freestanding medical office built in 1989; Multiple exam rooms equipped with running water; Laboratory, private offices, kitchen, reception, and waiting areas
