Remodeled Office Units with
New
For Sale
Contact for pricing
3772 NW 43 St, Gainesville, FL 32606
Administrative Professional zoning, on-site parking, and a two-space layout support flexible office occupancy.
Property Size1,689 SF
Price / SF$171.11
Days on Market7
Property Features for 3772 NW 43 St
General Information
Standard status
Active
Size
1,689 SF
Property subtype
OFFICE
Listing Agency:
Colliers | Jacksonville
(904) 674-2748
Listed By:
Jason J. Hurst · License #SL3298171
(904) 674-2748
Source:
Moodyscre
Added: Aug 24
Changed: Aug 29
Last Checked: Aug 29 at 5:33PM
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 Colliers | Jacksonville
Investment Insights
Based on property information with market context.
This 1,689-square-foot office property is configured as two separate spaces measuring 1,189 square feet and 500 square feet. The office interior has been recently remodeled, and Unit 1 is leased to a tenant with an option to terminate the agreement for an owner-user. On-site parking serves the building directly.
Building signage and monument signage are positioned along NW 43rd St. The property is zoned Administrative Professional and is located 3 miles from the University of Florida, 6.3 miles from UF Health campuses, 6.9 miles from GNV airport, and 3.4 miles from I-75.
Building signage and monument signage are positioned along NW 43rd St. The property is zoned Administrative Professional and is located 3 miles from the University of Florida, 6.3 miles from UF Health campuses, 6.9 miles from GNV airport, and 3.4 miles from I-75.
Key Highlights
- 1,689 SF office property divided into 1,189 SF and 500 SF spaces
- Recently remodeled office space
- Unit 1 is leased with an owner‑user termination option
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,069
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,380
$421.4K
Cap Rate 7%
$300,986
$301.0K
Cap Rate 9%
$234,100
$234.1K
Market Conditions
NOI Build-Up for 1,689 SF
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.
Gross rent
$33.4K $19.80/SF
− Vacancy
−$5.4K −$3.17/SF
EGI
$28.1K $16.63/SF
− OpEx
−$7.0K −$4.16/SF
NOI
$21.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$421,380
Cap Rate 7%
$300,986
Cap Rate 9%
$234,100
Alternative Uses
Best Use
Office B
$301.0K
$263.4K – $351.2K
NOI $21,069 @ 7.0% cap · market cap 7.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.3K
$366.0K – $488.1K
NOI $29,283 @ 7.0% cap · market cap 10.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Administrative Professional zoning, on-site parking, and a two-space layout support flexible office occupancy.
Where is this office units located?
The property is located at 3772 NW 43 St Gainesville, FL.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1,689 SF office property divided into 1,189 SF and 500 SF spaces; Recently remodeled office space; Unit 1 is leased with an owner‑user termination option
