Dental Medical Office
For Sale
$1,050,000
Pending
4031 NW 43RD St, Gainesville, FL 32606
Configured for dental operations with clinical stations, private offices, and multiple entry points supporting patient and staff flow.
Property Size4,138 SF
Days on Market12
Property Features for 4031 NW 43RD St
General Information
Standard status
Pending
Size
4,138 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Building Size
4,138 SF
Year Built
1997
Listing Agency:
Bosshardt Realty Services
(352) 316-8413
Listed By:
Sage Alfonso · License ##SL3476286
(352) 316-8413
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 9 at 10:31AM
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 medical office property at 4031 NW 43RD St in Gainesville, Florida, was built in 1997 and is configured for dental practice operations. The layout includes 10 fully plumbed dental stations, 3 open workstations, 2 triage stations, 5 private offices, and 5 restrooms. Five entry points support patient and staff circulation throughout the space.
The property combines clinical and administrative areas within a purpose-built dental office configuration. Its existing plumbing, treatment stations, private offices, triage areas, restrooms, and multiple access points provide a defined operating layout for dental users. The address is located in Gainesville, FL, with the surrounding context described as car-dependent and somewhat bikeable.
The property combines clinical and administrative areas within a purpose-built dental office configuration. Its existing plumbing, treatment stations, private offices, triage areas, restrooms, and multiple access points provide a defined operating layout for dental users. The address is located in Gainesville, FL, with the surrounding context described as car-dependent and somewhat bikeable.
Key Highlights
- 10 fully plumbed dental stations
- 3 open workstations and 2 triage stations
- 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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,516
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured for dental operations with clinical stations, private offices, and multiple entry points supporting patient and staff flow.
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: 10 fully plumbed dental stations; 3 open workstations and 2 triage stations; 5 private offices and 5 restrooms
