Medical Office with 15
New
For Sale
$644,700
4611 NW 53RD AVENUE, Gainesville, FL 32653
Medical office with reception, kitchenette, and multiple restrooms in an established office park.
Property Size3,684 SF
Price / SF$175
Days on Market5
Property Features for 4611 NW 53RD AVENUE
General Information
Standard status
Active
Size
3,684 SF
Property subtype
Medical Office
Amenities
landscaping
kitchenette
Building Details
Year Built
1999
Construction
brick
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
Listed By:
Craig Carter · License #3346602
Source:
Dennisrealty
Added: Aug 12
Changed: Aug 15
Last Checked: Aug 15 at 4:44AM
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 COLDWELL BANKER M.M. PARRISH REALTORS
Investment Insights
Based on property information with market context.
This 3,684-square-foot medical office was built in 1999 and offers a practical layout for professional operations. The interior includes a large reception area, 15 offices, three restrooms, and a kitchenette. A brick exterior and landscaped grounds define the building’s presentation, with on-site parking serving the property.
The office is located within Bristol Office Park along the NW 53rd Avenue business corridor in Gainesville, near Hunter’s Crossing Publix plaza. Its existing configuration provides a substantial medical office footprint, while the arrangement can be divided into two suites for separate occupancy.
The office is located within Bristol Office Park along the NW 53rd Avenue business corridor in Gainesville, near Hunter’s Crossing Publix plaza. Its existing configuration provides a substantial medical office footprint, while the arrangement can be divided into two suites for separate occupancy.
Key Highlights
- 3,684 SF medical office building constructed in 1999
- 15 offices supported by a large reception area
- Three restrooms and a kitchenette
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
$46,365
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
7.19%
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%
$927,300
$927.3K
Cap Rate 7%
$662,357
$662.4K
Cap Rate 9%
$515,167
$515.2K
Market Conditions
NOI Build-Up for 3,684 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
$84.0K $22.80/SF
− Vacancy
−$6.7K −$1.82/SF
EGI
$77.3K $20.98/SF
− OpEx
−$30.9K −$8.39/SF
NOI
$46.4K $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%
$927,300
Cap Rate 7%
$662,357
Cap Rate 9%
$515,167
Alternative Uses
Best Use
Healthcare Medical
$662.4K
$579.6K – $772.8K
NOI $46,365 @ 7.0% cap · market cap 7.19%
Second Best
Office B
$656.5K
$574.4K – $765.9K
NOI $45,954 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$912.5K
$798.4K – $1.06M
NOI $63,872 @ 7.0% cap · market cap 9.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
523
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32653, FL
14,397
Population
6,746
Households
2.1
Avg Household Size
45
Median Age
52%
College-Educated
97%
High-School Grad
38.5 sq mi
ZIP Area
374
Density / Sq Mi
$97,700
Median Household Income
$52,523
Median Earnings
$1,130
Median Rent
$273,700
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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- The Veterinary Center At Hunters Crossing — 5200 NW 43rd St #501, Gainesville, FL 32606
Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office with reception, kitchenette, and multiple restrooms in an established office park.
Where is this medical office space located?
The property is located at 4611 NW 53RD AVENUE Gainesville, FL.
What is the asking price?
The asking price for this property is $644,700.
What are key features of this property?
This property features: 3,684 SF medical office building constructed in 1999; 15 offices supported by a large reception area; Three restrooms and a kitchenette
