Two-Story Office
For Sale
Contact for pricing
6208 NW 43rd St, Gainesville, FL 32653
Two-story office building in Silverleaf Office Park with flexible floor plan, multiple private offices, and on-site parking.
Property Size6,661 SF
Lot Size0.13 Acres
Price / SF$172.65
Days on Market166
Property Features for 6208 NW 43rd St
General Information
Standard status
Active
Size
6,661 SF
Class
B
Lot size
0.13 Acres
Property subtype
Office
Zoning
OF
Site & Location
Traffic Count
16,500 vehicles/day
Highway Access
Yes
Amenities
lobby
reception area
private offices
open work areas
conference room
executive offices
break room
storage
monument signage
alarm system
Building Details
Year Built
1997
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Lee & Associates Gainesville
Listed By:
Dan Drotos · License #FL 3255693
Source:
Crexi
Added: Apr 2
Changed: Sep 12
Last Checked: Sep 14 at 5:20AM
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.
A traditional brick two-story office building in Silverleaf Office Park offering a flexible floor plan designed for everyday workplace needs. The interior includes an inviting lobby and reception area, multiple private offices, open work areas, a conference room, executive offices, a break room, restrooms, and extensive storage on both levels, including a large open storage area on the second floor. The building is equipped with an alarm system.
Situated along NW 43rd Street just north of NW 53rd Avenue, the property provides convenient access to regional corridors, including US Hwy 441 about 2.2 miles away. The remarks also note easy access to I-75 and the Hunter’s Crossing commerce area, with the University of Florida less than 7 miles away. On-site parking is available for employees and clients, and monument signage is included.
Recent building updates include a roof replacement in 12/2021, new water service piping installed 2/2021, and HVAC improvements including REME-HALO LED UV devices installed on all 4 units in 7/2023, plus a 3.5-ton American Standard split AC unit installed in 1/2024. Interior lighting updates include replacement of 28 fixtures in 5/2024. Zoning is OF (General Office) with the City of Gainesville.
Situated along NW 43rd Street just north of NW 53rd Avenue, the property provides convenient access to regional corridors, including US Hwy 441 about 2.2 miles away. The remarks also note easy access to I-75 and the Hunter’s Crossing commerce area, with the University of Florida less than 7 miles away. On-site parking is available for employees and clients, and monument signage is included.
Recent building updates include a roof replacement in 12/2021, new water service piping installed 2/2021, and HVAC improvements including REME-HALO LED UV devices installed on all 4 units in 7/2023, plus a 3.5-ton American Standard split AC unit installed in 1/2024. Interior lighting updates include replacement of 28 fixtures in 5/2024. Zoning is OF (General Office) with the City of Gainesville.
Key Highlights
- Two‑story office building (1997) in Silverleaf Office Park with flexible layout, lobby/reception, private offices, open work areas, conference room, executive offices, break room, and storage
- Total building area 6,661 SF: first floor approx. 5,479 SF plus second floor open storage area approx. 1,182 SF
- Recent building updates: entire roof replaced 12/2021 and new water service piping installed 2/2021
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
$83,089
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
7.23%
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%
$1,661,780
$1.7M
Cap Rate 7%
$1,186,986
$1.2M
Cap Rate 9%
$923,211
$923.2K
Market Conditions
NOI Build-Up for 6,661 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
$131.9K $19.80/SF
− Vacancy
−$21.1K −$3.17/SF
EGI
$110.8K $16.63/SF
− OpEx
−$27.7K −$4.16/SF
NOI
$83.1K $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 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%
$1,661,780
Cap Rate 7%
$1,186,986
Cap Rate 9%
$923,211
Alternative Uses
Best Use
Office B
$1.19M
$1.04M – $1.38M
NOI $83,089 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.44M – $1.92M
NOI $115,486 @ 7.0% cap · market cap 10.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16,500 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
213
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
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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 - Two-story office building in Silverleaf Office Park with flexible floor plan, multiple private offices, and on-site parking.
Where is this office building located?
The property is located at 6208 NW 43rd St Gainesville, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Two‑story office building (1997) in Silverleaf Office Park with flexible layout, lobby/reception, private offices, open work areas, conference room, executive offices, break room, and storage; Total building area 6,661 SF: first floor approx. 5,479 SF plus second floor open storage area approx. 1,182 SF; Recent building updates: entire roof replaced 12/2021 and new water service piping installed 2/2021
