Medical Office with Two-Suite
For Sale
$644,700
4611 NW 53RD, Gainesville, FL 32653
Brick medical office with a flexible layout, dedicated reception, multiple private offices, and on-site parking.
Property Size3,684 SF
Days on Market60
Property Features for 4611 NW 53RD
General Information
Standard status
Active
Size
3,684 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,478
Amenities
landscaping
kitchenette
Building Details
Building Size
3,684 SF
Year Built
1999
Listing Agency:
Coldwell Banker M.M. Parrish Realtors | Gainesville (Northwest)
Listed By:
Dean Cheshire · License #3126341
(352) 745-1883
Source:
Elliman
Added: Aug 13
Changed: Oct 3
Last Checked: Oct 11 at 6:08AM
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 | Gainesville (Northwest)
Investment Insights
Based on property information with market context.
Built in 1999, this medical office property features a brick exterior, landscaped grounds, and on-site parking. Interior improvements include a large reception area, 15 offices, 3 restrooms, and a kitchenette, providing a practical configuration for an established practice or professional office operation.
The property is positioned in Bristol Office Park along the NW 53rd Ave business corridor, near Hunter's Crossing Publix plaza in Gainesville. Its interior layout can support separation into two suites, offering flexibility for an owner-occupant, multi-practice arrangement, or investor ownership. The location records a BikeScore of 61 and a WalkScore of 49.
The property is positioned in Bristol Office Park along the NW 53rd Ave business corridor, near Hunter's Crossing Publix plaza in Gainesville. Its interior layout can support separation into two suites, offering flexibility for an owner-occupant, multi-practice arrangement, or investor ownership. The location records a BikeScore of 61 and a WalkScore of 49.
Key Highlights
- Medical office building constructed in 1999
- 15 offices, 3 restrooms, kitchenette, and large reception area
- Interior layout can be divided into two suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,365
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
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
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 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
Current Use
Location Intelligence
Trade Area within ½ mile
536
Businesses Nearby
Balanced
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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Frequently Asked Questions
What type of property is this?
Medical Office Space - Brick medical office with a flexible layout, dedicated reception, multiple private offices, and on-site parking.
Where is this medical office space located?
The property is located at 4611 NW 53RD 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: Medical office building constructed in 1999; 15 offices, 3 restrooms, kitchenette, and large reception area; Interior layout can be divided into two suites
