Building Details

Building Size 4,626 SF

Year Built 2001

Listing Agency: Lee & Associates

Listed By: Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693 Show Phone

Source: Lee-associates

Added: Aug 23 Changed: Oct 10 Last Checked: Oct 16 at 6:57AM

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Investment Insights

Based on property information with market context.

Positioned on the second floor, this 4,626-square-foot medical office suite offers a flexible layout for clinical and professional operations. The space can accommodate private offices, treatment or examination rooms, administrative functions, and patient-facing areas. Built in 2001, the property includes on-site parking and building signage opportunities.

The suite is located at 4741 NW 8th Avenue, Suite C, in Gainesville, Florida, within an established commercial corridor. The property is 1.7 miles from I-75 and 3.8 miles from the University of Florida, with exposure to more than 19,400 vehicles per day based on AADT. Zoning is CP.

Key Highlights

• 4,626± SF second‑floor medical office suite
• CP zoning
• 1.7 miles from I‑75

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

Is this asking price fair?

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 (±1% cap)

NOI $58,221 @ 7.0% cap · market cap 8.96%

Second Best

Office B

$824.4K

$721.3K – $961.8K (±1% cap)

NOI $57,705 @ 7.0% cap · market cap 8.88%

Theoretical Best

Office A

$1.15M

$1.00M – $1.34M (±1% cap)

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

Michael B. Rozboril, ... Physician Eric Catlin Physician Ariane M Simed ... Physician Arundhati A Ufp Gp ... Physician Elizabeth Wilhem Physician

Suggested Use

Top Pick Building Supply Real Estate Agency Auto Repair Shop Big Box & Wholesale Store Restaurant HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

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

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Medical Office Space - CP-zoned professional space with parking and building signage.

Where is this medical office space located?

The property is located at 4741 NW 8th Avenue Suite C 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: 4,626± SF second‑floor medical office suite; CP zoning; 1.7 miles from I‑75