Bristol Park Office Building For
4703 NW 53rd Avenue Gainesville, FL 32606
4703 NW 53rd Avenue, Gainesville, FL, 32606
$1,230,000
For Sale
$1,230,000
Professional office building in Bristol Park, ideal for owner-user.
Property Size8,023 SF
Price / SF$153.31
Days on Market140
Property Features for 4703 NW 53rd Avenue
General Information
- Standard status
- Active
- Size
- 8,023 SF
- Property subtype
- Office
Building Details
- Year Built
- 2001
Listing agency
Colliers | Gainesville
(352) 420-9889
Listed by
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
Source
Lee-associates
Added: Mar 4 Updated: Jul 6 at 10:22AM Checked: Jul 21 at 6:53AM
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 Colliers | Gainesville
Investment Insights
Based on property information with market context.
This 8,023± SF professional office building is located off Millhopper Road (NW 53rd Avenue) in the well-maintained Bristol Park Executive Office Park, adjacent to Hunter’s Crossing Shopping Center with Publix. Constructed in 2001 and remodeled in 2017, the stand-alone building features a low-maintenance brick exterior. The interiors have fresh paint and new carpeting throughout most of the building. The property contains 8 suites, offering space options for owner use and/or tenants. It is located 3 miles from US HWY 441 and 4.7 miles from I-75. Ample parking is available. The property is zoned PD (Planned Development) and is identified by Tax Parcel #06053-090-051. The building is suitable for an owner-user or investor. It is convenient to restaurants and well-known retail.
Key Highlights
- 8,023± SF stand‑alone professional office building ideal for owner‑user or investor.
- Located in the well‑maintained Bristol Park Executive Office Park, adjacent to Hunter’s Crossing Shopping Center.
- Total of 8 suites offering flexible space options.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $158.9k | $19.80 |
| − Vacancy | −$25.4k | −$3.17 |
| EGI | $133.4k | $16.63 |
| − OpEx | −$33.4k | −$4.16 |
| NOI | $100.1k | $12.47 |
8,023 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,079 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,100 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
LCS Occupational Therapy
Physician
Omega Counseling & Care ...
Counselor
Ramona M Chance ...
Law Firm
LCS
Counselor
Barge Design Solutions
Engineer
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FAQs
What type of property is this?
Office building - Professional office building in Bristol Park, ideal for owner-user.
Where is this office building located?
The property is located at 4703 NW 53rd Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,230,000.
What are key features of this property?
This property features: 8,023± SF stand‑alone professional office building ideal for owner‑user or investor.; Located in the well‑maintained Bristol Park Executive Office Park, adjacent to Hunter’s Crossing Shopping Center.; Total of 8 suites offering flexible space options.
