Second-Floor Office Suite with
For Sale
$239,000
1204 NW 69th Terrace, Gainesville, FL 32605
Redeveloped 1,671 SF second-floor suite with five private offices, updated HVAC, and elevator access plus ample on-site parking.
Property Size1,671 SF
Days on Market75
Property Features for 1204 NW 69th Terrace
General Information
Standard status
Active
Size
1,671 SF
Elevators
Yes
Property subtype
Office
Additional Details
Floor
2
Amenities
large lobby
2 restrooms
large reception desk and workspace
ample storage space
large windows
kitchenette
large entry hall
Building Details
Building Size
1,671 SF
Year Built
1977
Listing Agency:
Coldwell Banker M. M. Parrish Realtors
Listed By:
Shasta Schoellhorn · License #3484708
(352) 335-4999
Source:
Commercialcafe
Added: Jul 28
Changed: Sep 25
Last Checked: Oct 9 at 4:07PM
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 Coldwell Banker M. M. Parrish Realtors
Investment Insights
Based on property information with market context.
This beautifully redecorated second-floor office suite offers a professional layout with five private offices, a large lobby, a reception desk and workspace, and an additional large entry hall. The space includes two restrooms and a kitchenette, with ample storage throughout. Large windows provide views and bring natural light into the work environment.
The suite is served by HVAC that is only three years old. The building has a new roof and is in excellent condition. Access is designed for convenience, with a large stairway plus an elevator for the second-floor location.
Parking is available on site for both staff and clients. The property is part of a “Professional Complex” structured as a fractional ownership, with six property owners sharing common area expenses.
The suite is served by HVAC that is only three years old. The building has a new roof and is in excellent condition. Access is designed for convenience, with a large stairway plus an elevator for the second-floor location.
Parking is available on site for both staff and clients. The property is part of a “Professional Complex” structured as a fractional ownership, with six property owners sharing common area expenses.
Key Highlights
- 1,671 SF second‑floor office suite with large lobby, reception area, and workspace
- Five private offices plus kitchenette and ample storage
- Two restrooms and a large entry hall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,844
Cap Rate
8.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,880
$416.9K
Cap Rate 7%
$297,771
$297.8K
Cap Rate 9%
$231,600
$231.6K
Market Conditions
NOI Build-Up for 1,671 SF
Gross rent
$33.1K $19.80/SF
− Vacancy
−$5.3K −$3.17/SF
EGI
$27.8K $16.63/SF
− OpEx
−$6.9K −$4.16/SF
NOI
$20.8K $12.47/SF
Area
Gainesville, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,880
Cap Rate 7%
$297,771
Cap Rate 9%
$231,600
Alternative Uses
Best Use
Office B
$297.8K
$260.6K – $347.4K
NOI $20,844 @ 7.0% cap · market cap 8.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.9K
$362.1K – $482.9K
NOI $28,971 @ 7.0% cap · market cap 12.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,445
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
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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?
Office units - Redeveloped 1,671 SF second-floor suite with five private offices, updated HVAC, and elevator access plus ample on-site parking.
Where is this office units located?
The property is located at 1204 NW 69th Terrace Gainesville, FL.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,671 SF second‑floor office suite with large lobby, reception area, and workspace; Five private offices plus kitchenette and ample storage; Two restrooms and a large entry hall
