Bar Property with Live-Event
For Sale
$280,000
2441 NW 43rd Street, Gainesville, FL 32606
Open-plan hospitality venue with elevated and main-level bar areas, an elevator, pool tables, and multiple restrooms.
Property Size2,093 SF
Price / SF$133.78
Days on Market381
Property Features for 2441 NW 43rd Street
General Information
Standard status
Active
Size
2,093 SF
Property subtype
Retail
Additional Details
Liquor License
No
Taxes and HOA fees
Annual Taxes
$5,820
Amenities
elevator
center stage
Central Air
3
Building Details
Year Built
1984
Stories
2
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Sage Alfonso · License #3086548
Source:
Xome
Added: Aug 16, 2025
Changed: Aug 30
Last Checked: Aug 30 at 2:05PM
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 BOSSHARDT REALTY SERVICES LLC
Investment Insights
Based on property information with market context.
This former nightclub and bar at 2441 NW 43rd Street, 26A & B, offers an open interior layout designed around hospitality and entertainment use. The property includes bar areas on both the upper and lower levels, an elevator, a central stage configured for live bands, pool tables, and multiple bathrooms.
The building is located within Thornebrook Village in Gainesville’s northwest business district. Its existing entertainment-oriented improvements provide a defined physical setup for bar and event operations, with vertical circulation already in place between levels.
The building is located within Thornebrook Village in Gainesville’s northwest business district. Its existing entertainment-oriented improvements provide a defined physical setup for bar and event operations, with vertical circulation already in place between levels.
Key Highlights
- Open floor plan with bar areas on upper and lower levels
- Central stage for live band performances
- Elevator serving the building’s levels
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
$24,921
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
8.90%
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%
$498,420
$498.4K
Cap Rate 7%
$356,014
$356.0K
Cap Rate 9%
$276,900
$276.9K
Market Conditions
NOI Build-Up for 2,093 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
$35.2K $16.80/SF
− Vacancy
−$1.9K −$0.92/SF
EGI
$33.2K $15.88/SF
− OpEx
−$8.3K −$3.97/SF
NOI
$24.9K $11.91/SF
Area
Gainesville, FL
Vacancy
5.50%
Lease Rate
$16.80 /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%
$498,420
Cap Rate 7%
$356,014
Cap Rate 9%
$276,900
Alternative Uses
Best Use
Specialty Retail
$356.0K
$311.5K – $415.4K
NOI $24,921 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
154k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 30%
Shops & Services 28%
Beauty & Spa 3%
Publix
Groceries
41,969 visits/mo
0.3 miles
Circle K
Shops & Services
18,774 visits/mo
0.3 miles
The Fresh Market
Groceries
18,232 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
12,793 visits/mo
0.1 miles
The Flying Biscuit Cafe
Dining
8,406 visits/mo
0.1 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Circle K — 4221 NW 16th Blvd, Gainesville, FL 32605
Frequently Asked Questions
What type of property is this?
Bar & Pub - Open-plan hospitality venue with elevated and main-level bar areas, an elevator, pool tables, and multiple restrooms.
Where is this bar & pub located?
The property is located at 2441 NW 43rd Street Gainesville, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Open floor plan with bar areas on upper and lower levels; Central stage for live band performances; Elevator serving the building’s levels
