Occupied Four-Unit
For Sale
$520,000
3913 SW 26TH DRIVE, Gainesville, FL 32608
Fully occupied quadplex near UF Campus, Shands, VA, shopping, restaurants, grocery stores, and bus lines.
Property Size3,970 SF
Price / SF$130.98
Days on Market10
Property Features for 3913 SW 26TH DRIVE
General Information
Standard status
Active
Size
3,970 SF
Property subtype
Quadruplex
Occupancy
100%
Additional Details
Public Transit
Yes
Multifamily Units
4
Building Details
Year Built
1980
Buildings
1
Listing Agency:
LA ROSA REALTY LLC
(321) 939-3748
Listed By:
Eliza Anez · License #3342656
Source:
Dennisrealty
Added: Sep 14
Changed: Sep 22
Last Checked: Sep 22 at 1:23PM
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 LA ROSA REALTY LLC
Investment Insights
Based on property information with market context.
Built in 1980, this 3,970-square-foot quadplex contains four residential units and is currently 100% occupied. The property is located at 3913 SW 26th Drive in Gainesville, providing proximity to UF Campus, Shands, VA, shopping, restaurants, grocery stores, and bus lines.
A recently installed roof is covered by a 10-year warranty. The surrounding mix of medical, academic, retail, dining, grocery, and transit access adds practical convenience for residents and supports the property's established occupancy profile.
A recently installed roof is covered by a 10-year warranty. The surrounding mix of medical, academic, retail, dining, grocery, and transit access adds practical convenience for residents and supports the property's established occupancy profile.
Key Highlights
- Four‑unit quadplex with 3,970 square feet
- 100% occupied
- Roof recently installed with a 10‑year warranty
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
$38,975
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
7.50%
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%
$779,500
$779.5K
Cap Rate 7%
$556,786
$556.8K
Cap Rate 9%
$433,056
$433.1K
Market Conditions
NOI Build-Up for 3,970 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
$59.6K $15.00/SF
− Vacancy
−$3.9K −$0.98/SF
EGI
$55.7K $14.03/SF
− OpEx
−$16.7K −$4.21/SF
NOI
$39.0K $9.82/SF
Area
Gainesville, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$779,500
Cap Rate 7%
$556,786
Cap Rate 9%
$433,056
Alternative Uses
Best Use
Multifamily LT 5
$556.8K
$487.2K – $649.6K
NOI $38,975 @ 7.0% cap · market cap 7.50%
Second Best
Apartment 5plus
$499.6K
$437.2K – $582.9K
NOI $34,974 @ 7.0% cap · market cap 6.73%
Theoretical Best
Office A
$983.3K
$860.4K – $1.15M
NOI $68,830 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
437
Businesses Nearby
Explore this area
Business Placement
Demographics for 32608, FL
55,540
Population
25,939
Households
2.1
Avg Household Size
29
Median Age
58%
College-Educated
95%
High-School Grad
44.5 sq mi
ZIP Area
1,248
Density / Sq Mi
$60,182
Median Household Income
$34,991
Median Earnings
$1,357
Median Rent
$340,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied quadplex near UF Campus, Shands, VA, shopping, restaurants, grocery stores, and bus lines.
Where is this quadplex located?
The property is located at 3913 SW 26TH DRIVE Gainesville, FL.
What is the asking price?
The asking price for this property is $520,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,970 square feet; 100% occupied; Roof recently installed with a 10‑year warranty
