Stucco Retail Office
1820 NE 2ND STREET Gainesville, FL 32609
For Sale
$499,000
Stucco retail building split into two sections with handicap accessibility and multiple interior rooms for office use.
Property Size2,245 SF
Lot Size0.42 Acres
Price / SF$222.27
Days on Market1011
Property Features for 1820 NE 2ND STREET
General Information
- Standard status
- Active
- Size
- 2,245 SF
- Lot size
- 0.42 Acres
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1976
Listing Agency:
BHGRE THOMAS GROUP
(352) 226-8228
Listed By:
Gigi Tajalli · License #3160332
Source:
Xome
Added: Oct 20, 2023
Changed: Jul 25
Last Checked: Jul 26 at 3:00AM
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 BHGRE THOMAS GROUP
Investment Insights
Based on property information with market context.
This stucco retail office building is divided into two separated sections. The first section includes three small rooms and one large room, along with a spacious lobby and waiting area. There is also an additional small room configured as a kitchen, plus a ladies restroom with two bathroom stalls and a men’s room with a shower. The layout is handicap accessible.
The second section features a separate office with a newly built half bath.
The property is offered for sale with approximately 2,173 H/C square feet on about 0.42 acres, providing a compact, self-contained setup within one building footprint at 1820 NE 2nd Street, Gainesville, FL 32609.
The second section features a separate office with a newly built half bath.
The property is offered for sale with approximately 2,173 H/C square feet on about 0.42 acres, providing a compact, self-contained setup within one building footprint at 1820 NE 2nd Street, Gainesville, FL 32609.
Key Highlights
- Stucco retail building built in 1976, with 2,173 H/C SF on 0.42 acres
- Building is divided into 2 separated sections, each with multiple interior rooms for office or use flexibility
- First section includes a spacious lobby and waiting area, plus 3 small rooms and 1 large room
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 | $44.5k | $19.80 |
| − Vacancy | −$7.1k | −$3.17 |
| EGI | $37.3k | $16.63 |
| − OpEx | −$9.3k | −$4.16 |
| NOI | $28.0k | $12.47 |
2,245 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$400.1K
$350.1K – $466.7K
NOI $28,004 @ 7.0% cap · market cap 5.61%
Second Best
Mixed Use
$370.4K
$324.1K – $432.2K
NOI $25,930 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$556.0K
$486.5K – $648.7K
NOI $38,923 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
La Grande Tattoo
Tattoo & Piercing Shop
Ty-Je's Upscale Salon ...
Hair Salon
Ty-Je's Salon Nails ...
Nail Salon
FAQs
What type of property is this?
Mixed-use property - Stucco retail building split into two sections with handicap accessibility and multiple interior rooms for office use.
Where is this mixed-use property located?
The property is located at 1820 NE 2ND STREET Gainesville, FL.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Stucco retail building built in 1976, with 2,173 H/C SF on 0.42 acres; Building is divided into 2 separated sections, each with multiple interior rooms for office or use flexibility; First section includes a spacious lobby and waiting area, plus 3 small rooms and 1 large room
