Bristol Park Office Building For
For Sale
$1,230,000
4703 NW 53rd Avenue, Gainesville, FL 32653
Professional office building in Bristol Park, ideal for owner-user.
Property Size8,032 SF
Price / SF$153.31
Days on Market221
Property Features for 4703 NW 53rd Avenue
General Information
Standard status
Active
Size
8,032 SF
Class
B
Property subtype
Office
Building Details
Building Size
8,032 SF
Year Built
2001
Listing Agency:
Lee & Associates
Listed By:
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
(352) 420-9889
Source:
Lee-associates
Added: Mar 4
Changed: Oct 4
Last Checked: Oct 11 at 3:57AM
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
Investment Insights
Based on property information with market context.
This 8,023± SF professional office building is located off Millhopper Road (NW 53rd Avenue) in the well-maintained Bristol Park Executive Office Park, adjacent to Hunter’s Crossing Shopping Center with Publix. Constructed in 2001 and remodeled in 2017, the stand-alone building features a low-maintenance brick exterior. The interiors have fresh paint and new carpeting throughout most of the building. The property contains 8 suites, offering space options for owner use and/or tenants. It is located 3 miles from US HWY 441 and 4.7 miles from I-75. Ample parking is available. The property is zoned PD (Planned Development) and is identified by Tax Parcel #06053-090-051. The building is suitable for an owner-user or investor. It is convenient to restaurants and well-known retail.
Key Highlights
- 8,023± SF stand‑alone professional office building ideal for owner‑user or investor.
- Located in the well‑maintained Bristol Park Executive Office Park, adjacent to Hunter’s Crossing Shopping Center.
- Total of 8 suites offering flexible space options.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,079
Cap Rate
8.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,580
$2.0M
Cap Rate 7%
$1,429,700
$1.4M
Cap Rate 9%
$1,111,989
$1.1M
Market Conditions
NOI Build-Up for 8,023 SF
Gross rent
$158.9K $19.80/SF
− Vacancy
−$25.4K −$3.17/SF
EGI
$133.4K $16.63/SF
− OpEx
−$33.4K −$4.16/SF
NOI
$100.1K $12.47/SF
Area
Gainesville, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,001,580
Cap Rate 7%
$1,429,700
Cap Rate 9%
$1,111,989
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,079 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,100 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
518
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Professional office building in Bristol Park, ideal for owner-user.
Where is this office building located?
The property is located at 4703 NW 53rd Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $1,230,000.
What are key features of this property?
This property features: 8,023± SF stand‑alone professional office building ideal for owner‑user or investor.; Located in the well‑maintained Bristol Park Executive Office Park, adjacent to Hunter’s Crossing Shopping Center.; Total of 8 suites offering flexible space options.
