Turnkey Dental Office
For Sale
$1,050,000
Pending
4031 NW 43RD St, Gainesville, FL 32606
Turnkey dental office with 10 fully plumbed stations, multiple work areas, private offices, and restrooms for ready operation.
Property Size4,138 SF
Days on Market49
Property Features for 4031 NW 43RD St
General Information
Standard status
Pending
Size
4,138 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,462
Building Details
Building Size
4,138 SF
Year Built
1997
Stories
1
Listing Agency:
Bosshardt Realty Services
Listed By:
Sage Alfonso · License ##SL3476286
(352) 316-8413
Source:
Elliman
Added: Jul 26
Changed: Sep 10
Last Checked: Sep 12 at 8:22AM
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 Bosshardt Realty Services
Investment Insights
Based on property information with market context.
This turnkey dental office is designed for immediate operation and includes 10 fully plumbed dental stations, three open workstations, and two triage stations. The suite also provides five private offices and five restrooms, supporting both clinical and administrative needs.
The space is located along NW 39th Avenue, described as a heavily trafficked commuter corridor with excellent accessibility, and it includes five entry points to facilitate patient and staff flow.
The layout is built to support a full-service dental practice with dedicated areas for patient intake, clinical treatment, and office functions, making it suitable for general dentistry or specialty practices looking for an efficient, operational setup.
The space is located along NW 39th Avenue, described as a heavily trafficked commuter corridor with excellent accessibility, and it includes five entry points to facilitate patient and staff flow.
The layout is built to support a full-service dental practice with dedicated areas for patient intake, clinical treatment, and office functions, making it suitable for general dentistry or specialty practices looking for an efficient, operational setup.
Key Highlights
- Turnkey dental office built for immediate operation with 10 fully plumbed dental stations
- Additional clinical workspace includes 3 open workstations and 2 triage stations
- Office and support space features 5 private offices and 5 restrooms
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
$52,079
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
4.96%
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%
$1,041,580
$1.0M
Cap Rate 7%
$743,986
$744.0K
Cap Rate 9%
$578,656
$578.7K
Market Conditions
NOI Build-Up for 4,138 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
$94.3K $22.80/SF
− Vacancy
−$7.5K −$1.82/SF
EGI
$86.8K $20.98/SF
− OpEx
−$34.7K −$8.39/SF
NOI
$52.1K $12.59/SF
Area
Gainesville, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$1,041,580
Cap Rate 7%
$743,986
Cap Rate 9%
$578,656
Alternative Uses
Best Use
Healthcare Medical
$744.0K
$651.0K – $868.0K
NOI $52,079 @ 7.0% cap · market cap 4.96%
Second Best
Office B
$737.4K
$645.2K – $860.3K
NOI $51,617 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.02M
$896.8K – $1.20M
NOI $71,743 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
706
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Turnkey dental office with 10 fully plumbed stations, multiple work areas, private offices, and restrooms for ready operation.
Where is this medical office space located?
The property is located at 4031 NW 43RD St Gainesville, FL.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Turnkey dental office built for immediate operation with 10 fully plumbed dental stations; Additional clinical workspace includes 3 open workstations and 2 triage stations; Office and support space features 5 private offices and 5 restrooms
