Updated Office
For Sale
$219,000
2731 NW 41ST STREET #B2, Gainesville, FL 32606
Refreshed office unit with private workspace, reception area, storage, and a restroom with shower.
Property Size609 SF
Price / SF$359.61
Days on Market76
Property Features for 2731 NW 41ST STREET #B2
General Information
Standard status
Active
Size
609 SF
Property subtype
Office
Building Details
Year Built
1987
Listing Agency:
BHGRE THOMAS GROUP
(352) 226-8228
Listed By:
Gavin Johnson · License #3287999
(352) 665-1093
Source:
Dennisrealty
Added: Aug 6
Changed: Oct 19
Last Checked: Oct 19 at 10:27AM
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 BHGRE THOMAS GROUP
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Investment Insights
Based on property information with market context.
This office unit at 2731 41st Street features a recently refreshed interior with new flooring, lighting, paint, and a drop ceiling. The 609 SF layout includes a private office with sink and storage, a large open work area, a compact reception space, a restroom with shower, and additional storage. Central air is provided, and the building was constructed in 1987.
The suite is located in Gainesville, Florida, and its configuration supports office use as well as the salon-suite application identified for the property. The combination of enclosed and open areas, plumbing in the private office, and a shower-equipped restroom provides a practical setup for a range of professional operations.
The suite is located in Gainesville, Florida, and its configuration supports office use as well as the salon-suite application identified for the property. The combination of enclosed and open areas, plumbing in the private office, and a shower-equipped restroom provides a practical setup for a range of professional operations.
Key Highlights
- 609 SF office unit at 2731 41st Street, Gainesville, FL 32606
- Updated with new flooring, lighting, paint, and drop ceiling
- Private office includes a sink and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,597
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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Current Use
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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Refreshed office unit with private workspace, reception area, storage, and a restroom with shower.
Where is this office unit located?
The property is located at 2731 NW 41ST STREET #B2 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 SF office unit at 2731 41st Street, Gainesville, FL 32606; Updated with new flooring, lighting, paint, and drop ceiling; Private office includes a sink and storage
