Flex Space with Office/Warehouse
For Sale
$347,500
3708 NW 97TH, Gainesville, FL 32606
Office and warehouse configuration with BH zoning and association-maintained roof, common areas, and water service.
Property Size2,400 SF
Days on Market48
Property Features for 3708 NW 97TH
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Industrial
Zoning
BH
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,816
Building Details
Building Size
2,400 SF
Year Built
1987
Listed By:
Howard Freeman
(352) 538-2730
Source:
Elliman
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 26 at 3:11PM
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 Howard Freeman
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex property combines office and warehouse functionality within a building constructed in 1987. BH zoning supports the stated office/warehouse format and the listed potential uses, including martial arts, dance, yoga, church, and general office/warehouse operations. Association services cover the roof, common-area maintenance, and water.
The property is located at 3708 NW 97TH, Gainesville, Florida 32606, just off I-75 and NW 39th Avenue. Walk Score is 3, indicating a car-dependent setting, while Bike Score is 22, classified as somewhat bikeable.
The property is located at 3708 NW 97TH, Gainesville, Florida 32606, just off I-75 and NW 39th Avenue. Walk Score is 3, indicating a car-dependent setting, while Bike Score is 22, classified as somewhat bikeable.
Key Highlights
- Flex space with office and warehouse configuration
- BH zoning
- Roof, common‑area maintenance, and water covered through the HOA
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,511
Cap Rate
6.48%
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 6.48%
Second Best
Warehouse
$250.5K
$219.2K – $292.2K
NOI $17,534 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$594.4K
$520.1K – $693.5K
NOI $41,610 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Red Mesa Catering — 2645 SW 91st St, Gainesville, FL 32608
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configuration with BH zoning and association-maintained roof, common areas, and water service.
Where is this flex space located?
The property is located at 3708 NW 97TH Gainesville, FL.
What is the asking price?
The asking price for this property is $347,500.
What are key features of this property?
This property features: Flex space with office and warehouse configuration; BH zoning; Roof, common‑area maintenance, and water covered through the HOA
