Updated Office
New
For Sale
$219,000
2731 NW 41ST Street, Gainesville, FL 32606
SINGLE_FAMILY - GAINESVILLE, FL
Property Size609 SF
Lot Size0.03 Acres
Price / SF$359.61
Days on Market2
Property Features for 2731 NW 41ST Street
General Information
Property type
Residential
Property subtype
Office
Zoning
BUS
Directions
From the intersection of NW 16th BLVD and NW 41st ST, travel N on 41st ST. The building will be on your right.
Subdivision
32606 - Gainesville
Standard status
Active
APN
06108-062-001
Size
609 SF
Lot size
0.03 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PEBBLE CREEK 2 OFFICE CONDO BK 2-78 OR 1732/2054 UNIT B-2 & B-3 & UNDIV INT IN COMMON ELEMENTS (LESS B-3 PER OWNER REQUEST) OR 5136/2505
Tax Annual Amount
2578
Legal Description
PEBBLE CREEK 2 OFFICE CONDO BK 2-78 OR 1732/2054 UNIT B-2 & B-3 & UNDIV INT IN COMMON ELEMENTS (LESS B-3 PER OWNER REQUEST) OR 5136/2505
Utilities
Cooling system
Central Air
Amenities
private office
sink
storage
large open workspace
reception area
restroom with shower
Building Details
Year built
1987
Floors in Building
1
Building materials
Brick
Listing Agency:
BHGRE THOMAS GROUP · Better Homes and Gardens Real Estate
(352) 226-8228
Listed By:
Gavin Johnson · License #3287999
(352) 665-1093
Added: Aug 6
Last Checked: Aug 6 at 11:06PM
MLS# GC542505
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 609-square-foot office unit is arranged with a private office featuring a sink and storage, a large open work area, a compact reception area, a restroom with shower, and additional storage. Interior improvements include a drop ceiling, flooring, lighting, and paint. The suite is within a brick building constructed in 1987 and has central air conditioning.
The property sits on a 0.03-acre lot and carries BUS zoning. Its existing layout accommodates office-oriented operations and includes features that may also support a salon suite configuration, subject to applicable requirements.
The property sits on a 0.03-acre lot and carries BUS zoning. Its existing layout accommodates office-oriented operations and includes features that may also support a salon suite configuration, subject to applicable requirements.
Key Highlights
- 609‑square‑foot office unit
- Private office with sink and storage
- Open workspace with reception area
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
$7,597
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
3.47%
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%
$151,940
$151.9K
Cap Rate 7%
$108,529
$108.5K
Cap Rate 9%
$84,411
$84.4K
Market Conditions
NOI Build-Up for 609 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
$12.1K $19.80/SF
− Vacancy
−$1.9K −$3.17/SF
EGI
$10.1K $16.63/SF
− OpEx
−$2.5K −$4.16/SF
NOI
$7.6K $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%
$151,940
Cap Rate 7%
$108,529
Cap Rate 9%
$84,411
Alternative Uses
Best Use
Office B
$108.5K
$95.0K – $126.6K
NOI $7,597 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.8K
$132.0K – $176.0K
NOI $10,559 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,192
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 - Refreshed suite with private office, open work area, reception space, restroom, and storage.
Where is this office units located?
The property is located at 2731 NW 41ST Street Gainesville, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: 609‑square‑foot office unit; Private office with sink and storage; Open workspace with reception area
