Office/Warehouse Flex
3708 NW 97TH BOULEVARD Gainesville, FL 32606
For Sale
$397,500
Office/warehouse in a business park with HOA covering roof, common area maintenance, and water.
Property Size2,400 SF
Price / SF$165.63
Days on Market200
Property Features for 3708 NW 97TH BOULEVARD
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1987
Listing Agency:
FREEMAN REALTY INC
(352) 371-2622
Listed By:
Carolyne Freeman · License #0594376
Source:
Xome
Added: Jan 4
Changed: Jul 23
Last Checked: Jul 23 at 11:00AM
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
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 For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.4k | $15.60 |
| − Vacancy | −$2.8k | −$1.17 |
| EGI | $34.6k | $14.43 |
| − OpEx | −$12.1k | −$5.05 |
| NOI | $22.5k | $9.38 |
2,400 SF · lease $15.60/SF/yr · vacancy 7.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$321.6K
$281.4K – $375.2K
NOI $22,511 @ 7.0% cap · market cap 5.66%
Second Best
Warehouse
$250.5K
$219.2K – $292.2K
NOI $17,534 @ 7.0% cap · market cap 4.41%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
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
FAQs
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 $397,500.
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
