Dental Medical Office
For Sale
$1,050,000
Pending
4031 NW 43RD Street, Gainesville, FL 32606
Commercial Sale, GAINESVILLE, FL
Property Size4,138 SF
Lot Size0.46 Acres
Days on Market30
Property Features for 4031 NW 43RD Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
OF
Accessibility
Accessible Approach with Ramp
Lot features
Central Business District
Directions
Take NW NW 39th Avenue to NW 43rd Street and head north, make right into parking lot
Subdivision
32606 - Gainesville
Standard status
Pending
APN
06072-020-007
Size
4,138 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PINE GROVE PROF CENTER PB K-7 LOT 7 OR 5061/0946
Tax Annual Amount
12463
Legal Description
PINE GROVE PROF CENTER PB K-7 LOT 7 OR 5061/0946
Utilities
Utilities
Phone Available
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1997
Floors in Building
1
Flooring type
Tile
Building materials
Cement Siding
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Eric Ligman · License #3086548
(352) 256-2112
Added: Jul 29
Changed: Aug 24
Last Checked: Aug 27 at 4:06PM
MLS# GC542316
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 4,138-square-foot medical office property is configured for dental operations, with 10 fully plumbed dental stations, 3 open workstations, 2 triage stations, 5 private offices, 5 restrooms, and 5 entry points. Tile flooring, central air, an accessible approach with ramp, public water, and public sewer are in place. The building was constructed in 1997 and sits on 0.46 acres.
Zoned OF, the property is located at 4031 NW 43RD Street in Gainesville, Florida. Its layout accommodates clinical and administrative functions within a dedicated medical office setting, with separate treatment, work, office, and patient-support areas. Cement siding completes the building exterior, and phone service is available.
Zoned OF, the property is located at 4031 NW 43RD Street in Gainesville, Florida. Its layout accommodates clinical and administrative functions within a dedicated medical office setting, with separate treatment, work, office, and patient-support areas. Cement siding completes the building exterior, and phone service is available.
Key Highlights
- 4,138‑square‑foot medical office on 0.46 acres
- 10 fully plumbed dental stations
- 3 open workstations and 2 triage stations
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
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured clinical and administrative space with multiple treatment, triage, office, restroom, and entry areas.
Where is this medical office space located?
The property is located at 4031 NW 43RD Street 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: 4,138‑square‑foot medical office on 0.46 acres; 10 fully plumbed dental stations; 3 open workstations and 2 triage stations
