Six-Office Suite with Open
New
For Sale
Contact for pricing
3434 SW 24TH AVENUE #B, Gainesville, FL 32607
The floor plan pairs private offices with a shared work area, kitchenette, and common-area bathrooms.
Property Size1,400 SF
Price / SF$13
Days on Market5
Property Features for 3434 SW 24TH AVENUE #B
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Office
Building Details
Year Built
1963
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
Listed By:
Craig Carter · License #3346602
(352) 339-4038
Source:
Endlesssummerrealty
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:11PM
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 COLDWELL BANKER M.M. PARRISH REALTORS
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Investment Insights
Based on property information with market context.
Suite B is an office layout with six private offices, a larger open work area, and a kitchenette. Bathrooms are shared in the common area. The building dates to 1963.
The property is near the Archer Road corridor, including Butler Plaza and Celebration Pointe, and close to UF Health/Shands Hospital and the University of Florida campus.
The property is near the Archer Road corridor, including Butler Plaza and Celebration Pointe, and close to UF Health/Shands Hospital and the University of Florida campus.
Key Highlights
- Six private offices within Suite B
- Large open work area and kitchenette
- Common‑area bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,464
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,280
$349.3K
Cap Rate 7%
$249,486
$249.5K
Cap Rate 9%
$194,044
$194.0K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$27.7K $19.80/SF
− Vacancy
−$4.4K −$3.17/SF
EGI
$23.3K $16.63/SF
− OpEx
−$5.8K −$4.16/SF
NOI
$17.5K $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%
$349,280
Cap Rate 7%
$249,486
Cap Rate 9%
$194,044
Alternative Uses
Best Use
Office B
$249.5K
$218.3K – $291.1K
NOI $17,464 @ 7.0% cap · market cap 95.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$346.8K
$303.4K – $404.6K
NOI $24,273 @ 7.0% cap · market cap 133.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The floor plan pairs private offices with a shared work area, kitchenette, and common-area bathrooms.
Where is this office unit located?
The property is located at 3434 SW 24TH AVENUE #B Gainesville, FL.
What are key features of this property?
This property features: Six private offices within Suite B; Large open work area and kitchenette; Common‑area bathrooms
