Freestanding Medical
1034 NW 57TH STREET, Gainesville, FL 32605
For Sale
$1,100,000
Configured with exam rooms, a laboratory, private offices, and two screened outdoor patios.
Property Size7,000 SF
Price / SF$157.14
Days on Market102
Property Features for 1034 NW 57TH STREET
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Building Details
Year Built
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Eric Ligman · License FL #3086548
(352) 256-2112
Source:
Endlesssummerrealty
Added: Aug 3
Changed: Nov 10
Last Checked: Nov 10 at 8:35AM
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
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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 / Yr
$88,099
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
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
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 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 8.01%
Second Best
Office B
$1.25M
$1.09M – $1.46M
NOI $87,318 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$1.73M
$1.52M – $2.02M
NOI $121,363 @ 7.0% cap · market cap 11.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,611
Businesses Nearby
Balanced
Demand for This Use
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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
$264,700
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Gainesville, FL
Properties on Market for Medical Office Space in Gainesville
Vacancy Rate% for Office in South region
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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 $1,100,000.
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
