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Medical Office Condominium in Office Park
For Sale
$375,000

230 NW 76TH Drive, Gainesville, FL 32607

SINGLE_FAMILY - GAINESVILLE, FL

Property Size1,873 SF
Lot Size0.04 Acres
Price / SF$200.21
Days on Market202

Property Features for 230 NW 76TH Drive

General Information

Property type Residential
Property subtype Office
Zoning PD
Subdivision TOWER HILL
Directions From Tioga or Jonesville area - East on Newberry Road, right on Tower Road (NW 75th) to office complex on right. From North Florida, Campus or Oaks Mall - West on Newberry Road, left on Tower Road to office complex on left. Can't miss it!
Standard status Active
APN 06656-570-182
Size 1,873 SF
Lot size 0.04 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description COM SE COR SEC N 00 DEG 23 MIN 28 SEC E 49.99 FT N 89 DEG 40 MIN 44 SEC W 49.91 FT N 00 DEG 24 MIN 14 SEC E 2666.37 FT N 89 DEG 19 MIN 26 SEC W 272.83 FT S 00 DEG 23 MIN 28 SEC W 160.13 FT N 89 DEG 21 MIN 04 SEC W 570.41 FT N 00 DEG 22 MIN 48 SEC E 7 88.14 FT N 00 DEG 22 MIN 48 SEC E 187.50 FT S 89 DEG 37 MIN 12 SEC E 20.21 FT N 00 DEG 22 MIN 48 E .16 FT N 00 DEG 22 MIN 48 SEC E 47.80 FT POB N 00 DEG 22 MIN 48 SEC E 36.60 FT S 89 DEG 37 MIN 12 SEC E 50 FT S 00 DEG 22 MIN 48 SEC W 36.60 FT N 89 DE G 37 MIN 12 SEC W 50 FT POB ALSO 37% COMMON AREA PER OR 2903/887) OR 4507/1436
Tax Annual Amount 5610
Legal Description COM SE COR SEC N 00 DEG 23 MIN 28 SEC E 49.99 FT N 89 DEG 40 MIN 44 SEC W 49.91 FT N 00 DEG 24 MIN 14 SEC E 2666.37 FT N 89 DEG 19 MIN 26 SEC W 272.83 FT S 00 DEG 23 MIN 28 SEC W 160.13 FT N 89 DEG 21 MIN 04 SEC W 570.41 FT N 00 DEG 22 MIN 48 SEC E 7 88.14 FT N 00 DEG 22 MIN 48 SEC E 187.50 FT S 89 DEG 37 MIN 12 SEC E 20.21 FT N 00 DEG 22 MIN 48 E .16 FT N 00 DEG 22 MIN 48 SEC E 47.80 FT POB N 00 DEG 22 MIN 48 SEC E 36.60 FT S 89 DEG 37 MIN 12 SEC E 50 FT S 00 DEG 22 MIN 48 SEC W 36.60 FT N 89 DE G 37 MIN 12 SEC W 50 FT POB ALSO 37% COMMON AREA PER OR 2903/887) OR 4507/1436

Utilities

Cooling system Central Air

Building Details

Year built 2003
Floors in Building 1
Building materials Concrete
Listing Agency: UNIVERSITY REALTY
Listed By: Eric Warm · License #3282023
Added: Jan 14 Changed: Jul 22 Last Checked: Aug 4 at 3:06PM
MLS# GC536619

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This for-sale medical office condominium is offered as a ready-to-use suite within an established office park. Suite B is described as having a flexible and functional layout designed for professional and medical use, with concrete block construction. The property also provides ample parking and is presented as a complete medical office for an incoming owner.

The suite is located at 230 NW 76th Drive in northwest Gainesville, Florida. The office park is positioned for convenient access to Newberry Road and I-75, and it sits in a corridor with surrounding medical, professional, and retail services. The property is described as having visibility from Tower Road, supporting easy wayfinding for patients and visitors.

For buyers seeking an office condominium specifically suited to medical operations, this configuration may offer a practical, turnkey option. Because the listing highlights a flexible interior layout along with on-site parking and durable concrete block construction, it can be a straightforward fit for practices looking for an established setting within the professional corridor. Additional financial information is available upon request.

Key Highlights

  • Medical office condominium (Suite B) at 230 NW 76th Drive in the NW Gainesville professional corridor
  • Built in 2003 with concrete block construction and central air
  • Flexible, functional layout designed for medical office use

Financial Insights For Healthcare Medical

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 $42.7k $22.80
− Vacancy −$3.4k −$1.82
EGI $39.3k $20.98
− OpEx −$15.7k −$8.39
NOI $23.6k $12.59
1,873 SF · lease $22.80/SF/yr · vacancy 8.00% · expense 40.00%

Alternative Uses

Best Use
Healthcare Medical
$336.8K
$294.7K – $392.9K (±1% cap)
NOI $23,573 @ 7.0% cap · market cap 6.29%
Second Best
Office B
$333.8K
$292.1K – $389.4K (±1% cap)
NOI $23,364 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$463.9K
$405.9K – $541.2K (±1% cap)
NOI $32,473 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Medical Office Space

Suggested Use

Top Pick Auto Parts Store Building Supply Auto Repair Shop Big Box & Wholesale Store HVAC Service Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

1,240
Businesses Nearby
Well-served
Demand for This Use

Demographics for 32607, FL

35,420
Population
16,465
Households
2.2
Avg Household Size
28
Median Age
53%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,811
Density / Sq Mi
$46,517
Median Household Income
$30,690
Median Earnings
$1,222
Median Rent
$297,800
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

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  • Riley Arthur DVM 205 SW 75th St, Gainesville, FL 32607
  • Camp Steve DVM Gainesville, FL 32607
  • Hamerslag Karen L DVM 229 NW 75th St, Gainesville, FL 32607

Frequently Asked Questions

What type of property is this?
Medical Office Space - Ready-to-use medical office condominium with a flexible layout, concrete block construction, and ample parking in an established office park.
Where is this medical office space located?
The property is located at 230 NW 76TH Drive Gainesville, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Medical office condominium (Suite B) at 230 NW 76th Drive in the NW Gainesville professional corridor; Built in 2003 with concrete block construction and central air; Flexible, functional layout designed for medical office use
More about this property
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