Two-Building Office
For Sale
$2,350,000
2727 NW 43RD Street, Gainesville, FL 32606
Commercial Sale, GAINESVILLE, FL
Property Size11,309 SF
Lot Size1.50 Acres
Price / SF$207.80
Days on Market24
Property Features for 2727 NW 43RD Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU-2
Lot features
City Limits
Directions
Intersection of NW 43rd Street and NW 39th Avenue (SR 222). Head South on NW 43rd Street. Turn Left onto NW 27th Avenue, just before the Bank of America 3 story building, approximately .7 miles.
Subdivision
32606 - Gainesville
Standard status
Active
APN
06107-003-001
Size
11,309 SF
Lot size
1.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM 1660 FT N & 50 FT E OF SW COR SEC POB E 290 FT S 225 FT W 265 FT TO CURVE NWLY ALG CURVE TO E R/W NW 43RD ST N ALG SAID R/W 200 FT POB OR 1956/1570
Tax Annual Amount
31661
Legal Description
COM 1660 FT N & 50 FT E OF SW COR SEC POB E 290 FT S 225 FT W 265 FT TO CURVE NWLY ALG CURVE TO E R/W NW 43RD ST N ALG SAID R/W 200 FT POB OR 1956/1570
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1976
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
FREEMAN REALTY INC
(352) 371-2622
Listed By:
Carolyne Freeman · License #0594376
(352) 538-0100
Added: Aug 3
Changed: Aug 24
Last Checked: Aug 26 at 1:06AM
MLS# GC542113
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.
The property at 2727 NW 43RD Street comprises two office buildings totaling 11,309 square feet on 1.5 acres. The complex contains 8+ suites occupied by businesses that include wellness services, medical office users, and a salon. Onsite parking supports the multi-suite configuration, while block construction, a shingle roof, central heating, and central air serve the improvements.
The property carries MU-2 zoning and uses public water and public sewer. Its Gainesville setting places the center near grocery stores, banks, and the Shoppes at Thornebrook, providing nearby convenience for occupants and visitors.
The property carries MU-2 zoning and uses public water and public sewer. Its Gainesville setting places the center near grocery stores, banks, and the Shoppes at Thornebrook, providing nearby convenience for occupants and visitors.
Key Highlights
- Two office buildings totaling 11,309 square feet
- 1.5‑acre property with 8+ leased suites
- MU‑2 zoning supports the professional center configuration
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
$142,331
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
6.06%
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%
$2,846,620
$2.8M
Cap Rate 7%
$2,033,300
$2.0M
Cap Rate 9%
$1,581,456
$1.6M
Market Conditions
NOI Build-Up for 11,309 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
$257.8K $22.80/SF
− Vacancy
−$20.6K −$1.82/SF
EGI
$237.2K $20.98/SF
− OpEx
−$94.9K −$8.39/SF
NOI
$142.3K $12.59/SF
Area
Gainesville, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$2,846,620
Cap Rate 7%
$2,033,300
Cap Rate 9%
$1,581,456
Alternative Uses
Best Use
Healthcare Medical
$2.03M
$1.78M – $2.37M
NOI $142,331 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$2.02M
$1.76M – $2.35M
NOI $141,068 @ 7.0% cap · market cap 6.00%
Theoretical Best
Office A
$2.80M
$2.45M – $3.27M
NOI $196,071 @ 7.0% cap · market cap 8.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,412
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - MU-2-zoned professional center with multiple leased suites and onsite parking.
Where is this office building located?
The property is located at 2727 NW 43RD Street Gainesville, FL.
What is the asking price?
The asking price for this property is $2,350,000.
What are key features of this property?
This property features: Two office buildings totaling 11,309 square feet; 1.5‑acre property with 8+ leased suites; MU‑2 zoning supports the professional center configuration
