Two-Building Office Property with Covered
New
For Sale
$1,410,000
2233 NW 41st Street, Gainesville, FL 32606
Two separate office buildings are linked by a covered walkway and offer flexible configurations for an owner-user.
Property Size8,537 SF
Days on Market1
Property Features for 2233 NW 41st Street
General Information
Standard status
Active
Size
8,537 SF
Property subtype
Office
Zoning
MU2
Amenities
covered entry points
reception lobbies
covered walkway
raised garden boxes
skylights
monument signage
Building Details
Building Size
8,537 SF
Buildings
2
Listing Agency:
Lee & Associates
Listed By:
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
(352) 420-9889
Source:
Lee-associates
Added: Oct 19
Last Checked: Oct 19 at 3:07AM
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 Lee & Associates
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Gainesville office property comprises two standalone buildings, with Suite 100 measuring 1,545± SF and the second building measuring 6,992± SF. A covered walkway connects the buildings and extends along the property. Multiple covered entrances, reception lobbies, raised garden boxes, and skylights contribute to the site’s layout. The property also has monument signage and shaded parking.
Located in the Millhopper Commerce Area in northwest Gainesville, the property is just off NW 16th Avenue. Shopping, restaurants, banking, and public transportation are accessible nearby, with Fresh Market, Publix, Northwest Seafood, Flying Biscuit, and Thornebrook Village among the cited destinations. Zoning is MU2 (Mixed Use Medium Density).
Located in the Millhopper Commerce Area in northwest Gainesville, the property is just off NW 16th Avenue. Shopping, restaurants, banking, and public transportation are accessible nearby, with Fresh Market, Publix, Northwest Seafood, Flying Biscuit, and Thornebrook Village among the cited destinations. Zoning is MU2 (Mixed Use Medium Density).
Key Highlights
- Two‑building office property with 1,545± SF in Suite 100 and 6,992± SF in the second building
- Covered walkway connects the buildings
- MU2 (Mixed Use Medium Density) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,491
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,129,820
$2.1M
Cap Rate 7%
$1,521,300
$1.5M
Cap Rate 9%
$1,183,233
$1.2M
Market Conditions
NOI Build-Up for 8,537 SF
Gross rent
$169.0K $19.80/SF
− Vacancy
−$27.0K −$3.17/SF
EGI
$142.0K $16.63/SF
− OpEx
−$35.5K −$4.16/SF
NOI
$106.5K $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 Rate 5%
$2,129,820
Cap Rate 7%
$1,521,300
Cap Rate 9%
$1,183,233
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,491 @ 7.0% cap · market cap 7.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.11M
$1.85M – $2.47M
NOI $148,011 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,113
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
Frequently Asked Questions
What type of property is this?
Office building - Two separate office buildings are linked by a covered walkway and offer flexible configurations for an owner-user.
Where is this office building located?
The property is located at 2233 NW 41st Street Gainesville, FL.
What is the asking price?
The asking price for this property is $1,410,000.
What are key features of this property?
This property features: Two‑building office property with 1,545± SF in Suite 100 and 6,992± SF in the second building; Covered walkway connects the buildings; MU2 (Mixed Use Medium Density) zoning
