Fully Leased Flex Retail Office
3201 SW 42nd Street Gainesville, FL 32608
3201 SW 42nd Street, Gainesville, FL, 32608
$2,499,000
For Sale
$2,499,000
Fully leased retail/office flex building built in 2001 with 12’ rear roll-up doors per suite.
Property Size10,000 SF
Price / SF$249.90
Days on Market51
Property Features for 3201 SW 42nd Street
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Retail
Listing agency
Colliers | Gainesville
(352) 420-9889
Listed by
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
Source
Lee-associates
Added: Jun 2 Updated: Jul 21 at 6:04PM Checked: Jul 21 at 6:04PM
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.
Gables Center is a fully leased retail/office flex building built in 2001 by Barry Bullard Construction. The property offers suite configurations that can support office, retail, or flex use, and each suite includes a 12’ commercial roll-up door located at the rear of the space to facilitate deliveries if needed. Total building size is listed as 10,000± SF.
The building is conveniently located directly behind Sam’s Club in Butler Plaza, one of the larger retail power centers in Florida. It is steps away from shopping, banking, restaurants, hotels, and public transportation, and is also noted as approximately 0.5 miles from Celebration Pointe and I-75 via a Celebration Point fly-over bridge. Ample parking is available adjacent to the building, and the property features on-building signage.
Suites are designed for both storefront-facing business needs and back-of-house access through the rear roll-up doors, providing a versatile layout for tenants seeking a retail/office/flex environment.
The building is conveniently located directly behind Sam’s Club in Butler Plaza, one of the larger retail power centers in Florida. It is steps away from shopping, banking, restaurants, hotels, and public transportation, and is also noted as approximately 0.5 miles from Celebration Pointe and I-75 via a Celebration Point fly-over bridge. Ample parking is available adjacent to the building, and the property features on-building signage.
Suites are designed for both storefront-facing business needs and back-of-house access through the rear roll-up doors, providing a versatile layout for tenants seeking a retail/office/flex environment.
Key Highlights
- Fully leased 10,000± SF prime retail/office flex building built in 2001 by Barry Bullard Construction
- Each suite includes a 12’ commercial roll‑up door at the rear for deliveries
- Property can be used as office, retail, or flex space
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 | $198.0k | $19.80 |
| − Vacancy | −$31.7k | −$3.17 |
| EGI | $166.3k | $16.63 |
| − OpEx | −$41.6k | −$4.16 |
| NOI | $124.7k | $12.47 |
10,000 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.78M
$1.56M – $2.08M
NOI $124,740 @ 7.0% cap · market cap 4.99%
Second Best
Retail
$1.51M
$1.33M – $1.77M
NOI $106,029 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$2.48M
$2.17M – $2.89M
NOI $173,376 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Homes & Land of Gainesville
Real Estate Agency
Junior Achievement of Alachua ...
Charitable Organization
Camp Laurel South
Training Center
Budget Blinds of Gainesville, ...
(Bike/Boat/Book/etc) Store
Cornerstone Barricades - Gainesville
General Contractor
Similar For Sale Nearby
Similar Off Market Nearby
- Moe's Southwest Grill — 3443 SW Archer Rd, Gainesville, FL 32608
- Vale Food Co — 3841 SW Archer Rd B, Gainesville, FL 32608
FAQs
What type of property is this?
Flex space - Fully leased retail/office flex building built in 2001 with 12’ rear roll-up doors per suite.
Where is this flex space located?
The property is located at 3201 SW 42nd Street Gainesville, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Fully leased 10,000± SF prime retail/office flex building built in 2001 by Barry Bullard Construction; Each suite includes a 12’ commercial roll‑up door at the rear for deliveries; Property can be used as office, retail, or flex space
