Medical Office Condominium with Exam
4635 NW 53rd Avenue Suites 202 & 203, Gainesville, FL 32606
For Sale
New
$540,000
Connected suites provide a reception area, clinical rooms, private offices, and shared staff workspace.
Property Size2,600 SF
Days on Market4
Property Features for 4635 NW 53rd Avenue Suites 202 & 203
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Medical Specialty
Building Details
Building Size
Year Built
Listing Agency:
Lee & Associates Gainesville
Listed By:
Kylie Lavallee · License #SL3644623
(903) 417-9738
Source:
Lee-associates
Added: Nov 4
Last Checked: Nov 6 at 7:50AM
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 Lee & Associates Gainesville
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This medical office condominium comprises two connected suites with a layout that includes a reception and waiting area, four exam rooms equipped with sinks, four private offices, and an open staff work area. A conference room, break room, and two restrooms complete the interior. The space was updated and built in 2006.
The property is in Bristol Park Business Center, an office park in Gainesville. Publix, restaurants, and retail are within walking distance.
The property is in Bristol Park Business Center, an office park in Gainesville. Publix, restaurants, and retail are within walking distance.
Key Highlights
- Two connected medical office suites
- Four exam rooms, each with a sink
- Four private offices plus open staff work area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,723
Cap Rate
6.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$654,460
$654.5K
Cap Rate 7%
$467,471
$467.5K
Cap Rate 9%
$363,589
$363.6K
Market Conditions
NOI Build-Up for 2,600 SF
Gross rent
$59.3K $22.80/SF
− Vacancy
−$4.7K −$1.82/SF
EGI
$54.5K $20.98/SF
− OpEx
−$21.8K −$8.39/SF
NOI
$32.7K $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%
$654,460
Cap Rate 7%
$467,471
Cap Rate 9%
$363,589
Alternative Uses
Best Use
Healthcare Medical
$467.5K
$409.0K – $545.4K
NOI $32,723 @ 7.0% cap · market cap 6.06%
Second Best
Office B
$463.3K
$405.4K – $540.5K
NOI $32,432 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office A
$644.0K
$563.5K – $751.3K
NOI $45,078 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
518
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
$319,300
Median Home Value
Market
Average Price Trend$/SF for Medical Office Space in Gainesville, FL
Properties on Market for Medical Office Space in Gainesville
Vacancy Rate% for Office in South region
Similar Off Market Nearby
- 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 - Connected suites provide a reception area, clinical rooms, private offices, and shared staff workspace.
Where is this medical office space located?
The property is located at 4635 NW 53rd Avenue Suites 202 & 203 Gainesville, FL.
What is the asking price?
The asking price for this property is $540,000.
What are key features of this property?
This property features: Two connected medical office suites; Four exam rooms, each with a sink; Four private offices plus open staff work area
