Medical Office Building with 8 Exam
For Sale
Contact for pricing
4741 Northwest 8th Avenue, Gainesville, FL 32605
Configured with 8 exam rooms, private offices, and a spacious waiting and reception area.
Property Size4,626 SF
Price / SF$140.51
Days on Market82
Property Features for 4741 Northwest 8th Avenue
General Information
Standard status
Active
Size
4,626 SF
Class
B
Property subtype
Office
Zoning
CP
Building Details
Year Built
2001
Listing Agency:
Lee & Associates Gainesville
Listed By:
Dan Drotos · License #FL 3255693
Source:
Crexi
Added: Jul 29
Changed: Oct 13
Last Checked: Oct 16 at 8:01AM
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.
Medical or office space totaling 3,073 square feet, designed around patient and client flow. The layout includes 8 exam rooms, with 4 exam rooms featuring sinks, plus 4 private offices and 3 bathrooms. A spacious waiting room and reception area supports front-desk operations.
The property is located on NW 8th Ave in Gainesville, FL, on a high-visibility site with strong pedestrian traffic and excellent signage opportunities. It is conveniently positioned near North Florida Hospital, The Oaks Mall, and major medical and retail centers.
A natural lot setting includes a creek area, offering a quieter environment for staff and clients. The configuration fits medical, dental, wellness, and professional office use.
The property is located on NW 8th Ave in Gainesville, FL, on a high-visibility site with strong pedestrian traffic and excellent signage opportunities. It is conveniently positioned near North Florida Hospital, The Oaks Mall, and major medical and retail centers.
A natural lot setting includes a creek area, offering a quieter environment for staff and clients. The configuration fits medical, dental, wellness, and professional office use.
Key Highlights
- 3,073 square feet of medical or office space
- 8 exam rooms, including 4 with sinks
- 4 private offices plus a spacious waiting room and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,221
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,164,420
$1.2M
Cap Rate 7%
$831,729
$831.7K
Cap Rate 9%
$646,900
$646.9K
Market Conditions
NOI Build-Up for 4,626 SF
Gross rent
$105.5K $22.80/SF
− Vacancy
−$8.4K −$1.82/SF
EGI
$97.0K $20.98/SF
− OpEx
−$38.8K −$8.39/SF
NOI
$58.2K $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%
$1,164,420
Cap Rate 7%
$831,729
Cap Rate 9%
$646,900
Alternative Uses
Best Use
Healthcare Medical
$831.7K
$727.8K – $970.4K
NOI $58,221 @ 7.0% cap · market cap 8.96%
Second Best
Office B
$824.4K
$721.3K – $961.8K
NOI $57,705 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$1.15M
$1.00M – $1.34M
NOI $80,204 @ 7.0% cap · market cap 12.34%
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
1,117
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32605, FL
24,326
Population
11,651
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
2,482
Density / Sq Mi
$83,114
Median Household Income
$48,741
Median Earnings
$1,505
Median Rent
$264,700
Median Home Value
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Configured with 8 exam rooms, private offices, and a spacious waiting and reception area.
Where is this medical office space located?
The property is located at 4741 Northwest 8th Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: 3,073 square feet of medical or office space; 8 exam rooms, including 4 with sinks; 4 private offices plus a spacious waiting room and reception area
