Office/Warehouse Flex
For Sale
$374,500
3708 NW 97th Boulevard, Gainesville, FL 32606
Office/warehouse in a business park with HOA covering roof, common area maintenance, and water.
Property Size2,400 SF
Price / SF$156.04
Days on Market100
Property Features for 3708 NW 97th Boulevard
General Information
Standard status
Active
Size
2,400 SF
Zoning
BH
Additional Details
Highway Access
Yes
Building Details
Year Built
1987
Listing Agency:
FREEMAN REALTY INC
Listed By:
Carolyne Freeman, Howard Freeman · License #0594376
(352) 538-0100
Source:
Livewelltampabay
Added: Jul 18
Changed: Oct 11
Last Checked: Oct 7 at 2:25PM
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 FREEMAN REALTY INC
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Investment Insights
Based on property information with market context.
This office/warehouse flex space is located within the 75 West Business Park. The property is described as having BH zoning, with the public remarks noting possibilities including martial arts, dance, yoga, church, or general office/warehouse business use. An HOA fee is also part of the offering, with the remarks stating that it includes roof, common area maintenance, and water.
The location is just off I-75 and NW 39th Avenue, providing convenient regional access.
For investors or owner-occupants seeking a combined work-and-storage configuration, the property’s office/warehouse setup and zoning flexibility are intended to support multiple business formats as described in the remarks.
The location is just off I-75 and NW 39th Avenue, providing convenient regional access.
For investors or owner-occupants seeking a combined work-and-storage configuration, the property’s office/warehouse setup and zoning flexibility are intended to support multiple business formats as described in the remarks.
Key Highlights
- Office/warehouse located in a 75 West Business Park, just off I‑75 and NW 39th Avenue
- HOA fee includes roof, common area maintenance, and water
- Year built: 1987
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,511
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,220
$450.2K
Cap Rate 7%
$321,586
$321.6K
Cap Rate 9%
$250,122
$250.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$37.4K $15.60/SF
− Vacancy
−$2.8K −$1.17/SF
EGI
$34.6K $14.43/SF
− OpEx
−$12.1K −$5.05/SF
NOI
$22.5K $9.38/SF
Area
Gainesville, FL
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,220
Cap Rate 7%
$321,586
Cap Rate 9%
$250,122
Alternative Uses
Best Use
Flex RnD
$321.6K
$281.4K – $375.2K
NOI $22,511 @ 7.0% cap · market cap 6.01%
Second Best
Warehouse
$250.5K
$219.2K – $292.2K
NOI $17,534 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
373
Businesses Nearby
Balanced
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Alonzos Bakery And Bites — 8722 NW 35th Ln #8722Nw, Gainesville, FL 32606
- Lamar’s Lux Catering Services — 9200 NW 39th Ave Suite 130, Gainesville, FL 32606
Frequently Asked Questions
What type of property is this?
Flex space - Office/warehouse in a business park with HOA covering roof, common area maintenance, and water.
Where is this flex space located?
The property is located at 3708 NW 97th Boulevard Gainesville, FL.
What is the asking price?
The asking price for this property is $374,500.
What are key features of this property?
This property features: Office/warehouse located in a 75 West Business Park, just off I‑75 and NW 39th Avenue; HOA fee includes roof, common area maintenance, and water; Year built: 1987
