Office Unit with Reception
For Sale
$199,000
2750 NW 43RD STREET 101, Gainesville, FL 32606
Bottom-floor office unit with extensive glass, a reception area, and recent HVAC and roof improvements.
Property Size761 SF
Price / SF$261.50
Days on Market483
Property Features for 2750 NW 43RD STREET 101
General Information
Standard status
Active
Size
761 SF
Class
Class A
Property subtype
Commercial/Industrial
Additional Details
Floor
Bottom Floor
Taxes and HOA fees
Annual Taxes
$2,229
Building Details
Year Built
2000
Buildings
1
Construction
brick
Listing Agency:
BHHS FLORIDA REALTY
(352) 225-4700
Listed By:
Joe Freck · License #0356934
(352) 284-1537
Source:
Exitrealty
Added: May 8, 2025
Changed: Sep 2
Last Checked: Sep 1 at 6:08PM
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 BHHS FLORIDA REALTY
Investment Insights
Based on property information with market context.
This office unit is positioned on the bottom floor of a brick-style building within Meridian Centre. The interior includes a large reception area and extensive glass, creating a bright, client-facing workspace. The HVAC system is 3 years old, and the building roof was replaced in 2024.
The property is located at 2750 NW 43rd Street in Gainesville, across from Bank of America. It is the second building on the left upon entering the office park. The suite is offered for sale and has been used as an office condominium.
The property is located at 2750 NW 43rd Street in Gainesville, across from Bank of America. It is the second building on the left upon entering the office park. The suite is offered for sale and has been used as an office condominium.
Key Highlights
- Bottom‑floor office unit in Meridian Centre
- Large reception area with extensive glass
- HVAC system is 3 years old
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,493
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$189,860
$189.9K
Cap Rate 7%
$135,614
$135.6K
Cap Rate 9%
$105,478
$105.5K
Market Conditions
NOI Build-Up for 761 SF
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.
Gross rent
$15.1K $19.80/SF
− Vacancy
−$2.4K −$3.17/SF
EGI
$12.7K $16.63/SF
− OpEx
−$3.2K −$4.16/SF
NOI
$9.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$189,860
Cap Rate 7%
$135,614
Cap Rate 9%
$105,478
Alternative Uses
Best Use
Office B
$135.6K
$118.7K – $158.2K
NOI $9,493 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$188.5K
$164.9K – $219.9K
NOI $13,194 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,419
Businesses Nearby
Explore this area
Business Placement
Demographics for 32606, FL
24,380
Population
11,230
Households
2.2
Avg Household Size
40
Median Age
60%
College-Educated
98%
High-School Grad
15.4 sq mi
ZIP Area
1,583
Density / Sq Mi
$79,888
Median Household Income
$49,153
Median Earnings
$1,664
Median Rent
$319,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Bottom-floor office unit with extensive glass, a reception area, and recent HVAC and roof improvements.
Where is this office units located?
The property is located at 2750 NW 43RD STREET 101 Gainesville, FL.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Bottom‑floor office unit in Meridian Centre; Large reception area with extensive glass; HVAC system is 3 years old
