Office Suite with Conference
New
For Sale
Contact for pricing
3434 SW 24TH AVENUE #D, Gainesville, FL 32607
The suite combines private offices, a meeting area, storage, and a shared restroom area.
Property Size711 SF
Price / SF$16
Days on Market6
Property Features for 3434 SW 24TH AVENUE #D
General Information
Standard status
Active
Size
711 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 2:29PM
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 D offers 711 SF of office space arranged with an entry and reception area, two large offices, a conference or work room, and storage. Common-area bathrooms serve the suite. The building dates to 1963.
The property is in the SW Archer Road and SW 34th Street area, with Butler Plaza, Celebration Pointe, UF Health/Shands Hospital, and the University of Florida campus nearby.
The property is in the SW Archer Road and SW 34th Street area, with Butler Plaza, Celebration Pointe, UF Health/Shands Hospital, and the University of Florida campus nearby.
Key Highlights
- 711 SF office suite
- Two large offices plus a conference or work area
- Reception and entry area with a separate storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,869
Suggested Prices Based on Cap Rates
Cap Rate 5%
$177,380
$177.4K
Cap Rate 7%
$126,700
$126.7K
Cap Rate 9%
$98,544
$98.5K
Market Conditions
NOI Build-Up for 711 SF
Gross rent
$14.1K $19.80/SF
− Vacancy
−$2.3K −$3.17/SF
EGI
$11.8K $16.63/SF
− OpEx
−$3.0K −$4.16/SF
NOI
$8.9K $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%
$177,380
Cap Rate 7%
$126,700
Cap Rate 9%
$98,544
Alternative Uses
Best Use
Office B
$126.7K
$110.9K – $147.8K
NOI $8,869 @ 7.0% cap · market cap 77.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$176.1K
$154.1K – $205.5K
NOI $12,327 @ 7.0% cap · market cap 108.36%
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
1,010
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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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The suite combines private offices, a meeting area, storage, and a shared restroom area.
Where is this office unit located?
The property is located at 3434 SW 24TH AVENUE #D Gainesville, FL.
What are key features of this property?
This property features: 711 SF office suite; Two large offices plus a conference or work area; Reception and entry area with a separate storage room
