Gainesville Professional/Medical Office Building For
For Sale
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5622 NW 43rd St, Gainesville, FL 32653
Two-story, 4,833 SF professional/medical office building in Gainesville, Florida.
Property Size4,833 SF
Price / SF$144.84
Days on Market189
Property Features for 5622 NW 43rd St
General Information
Standard status
Active
Size
4,833 SF
Class
B
Property subtype
Office
Zoning
OF
Building Details
Year Built
1993
Buildings
1
Stories
2
Listing Agency:
Lee & Associates Gainesville
Listed By:
Dan Drotos · License #FL 3255693
Source:
Crexi
Added: Feb 19
Changed: Aug 25
Last Checked: Aug 26 at 12:08AM
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 Lee & Associates Gainesville
Investment Insights
Based on property information with market context.
This is a 4,833 SF two-story free-standing professional/medical office building. It is located in the well-established Waterford Park office complex on NW 43rd Street, just north of NW 53rd Avenue in NW Gainesville’s highly desirable business corridor. The property is turnkey and provides immediate functionality for dental or medical users, with the option to adapt the floor plan to other professional uses. Most recently operated as a dental practice, this property offers a functional and well-appointed clinical layout ideal for a wide range of medical, dental, or professional office users. The first floor is 3,232 SF and contains a clinical level. The main level is designed for efficient patient flow and includes 10 dental operatories, 2 clinical support stations (nurse/assistant areas), a dental laboratory/sterilization room, a foyer & patient waiting room, a reception & accounting office, a doctor’s private office, an employee lounge with kitchen, and 4 restrooms, including one with a shower. The upper-level features a private 1-bed/1-bath apartment with living room, kitchen, and walk-in closet—ideal for overnight staff use, visiting providers, or conversion into administrative space, an office/meeting area, unfinished storage, plus attic access. The second floor is 1,601 SF and is a mixed-use level.
Key Highlights
- Turnkey clinical setup ideal for medical, dental, or professional office users.
- Located in the highly desirable Waterford Park office complex in NW Gainesville's business corridor.
- Functional clinical layout with 10 dental operatories and 2 clinical support stations.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,826
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,216,520
$1.2M
Cap Rate 7%
$868,943
$868.9K
Cap Rate 9%
$675,844
$675.8K
Market Conditions
NOI Build-Up for 4,833 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$110.2K $22.80/SF
− Vacancy
−$8.8K −$1.82/SF
EGI
$101.4K $20.98/SF
− OpEx
−$40.6K −$8.39/SF
NOI
$60.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,216,520
Cap Rate 7%
$868,943
Cap Rate 9%
$675,844
Alternative Uses
Best Use
Healthcare Medical
$868.9K
$760.3K – $1.01M
NOI $60,826 @ 7.0% cap · market cap 8.69%
Second Best
Office B
$861.2K
$753.6K – $1.00M
NOI $60,287 @ 7.0% cap · market cap 8.61%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,793 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
Under-served
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Two-story, 4,833 SF professional/medical office building in Gainesville, Florida.
Where is this medical office space located?
The property is located at 5622 NW 43rd St Gainesville, FL.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Turnkey clinical setup ideal for medical, dental, or professional office users.; Located in the highly desirable Waterford Park office complex in NW Gainesville's business corridor.; Functional clinical layout with **10 dental operatories and 2 clinical support stations**.
