Gainesville Office Building For
For Sale
$1,075,000
4915 NW 43rd Street, Gainesville, FL 32606
5,000 SF office building in Millhopper Office Park.
Property Size5,000 SF
Price / SF$215
Days on Market149
Property Features for 4915 NW 43rd Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Office
Building Details
Year Built
2002
Listing Agency:
Colliers | Gainesville
(352) 222-4590
Listed By:
Lauren Vazquez, SIOR
(352) 222-4590
Source:
Lee-associates
Added: Mar 4
Changed: Jul 6
Last Checked: Jul 30 at 5:06AM
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 Colliers | Gainesville
Investment Insights
Based on property information with market context.
Located in Millhopper Office Park, this 5,000± SF stand-alone brick office building is available for purchase, presenting an opportunity for investment or owner-occupancy. The property benefits from an existing tenant, providing ongoing rental income, with additional space available for occupancy. The building features a low-maintenance brick exterior and on-property signage. It has road frontage on NW 43rd Street. The property is located 2.5 miles from US Hwy 441, 4.5 miles from I-75, and 6.2 miles from the University of Florida. The 2023 taxes were $12,884.15.
Key Highlights
- Stand‑alone 5,000± SF brick office building.
- Investment/owner‑user opportunity with existing tenant and rental income.
- Located in Millhopper Office Park.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.0k | $19.80 |
| − Vacancy | −$15.8k | −$3.17 |
| EGI | $83.2k | $16.63 |
| − OpEx | −$20.8k | −$4.16 |
| NOI | $62.4k | $12.47 |
5,000 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$891.0K
$779.6K – $1.04M
NOI $62,370 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,688 @ 7.0% cap · market cap 8.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,516
Businesses Nearby
Explore this area
Business Placement
Demographics for 32606, FL
24,380
Population
11,230
Households
2.2
Avg Household Size
40
Median Age
60%
College-Educated
98%
High-School Grad
15.4 sq mi
ZIP Area
1,583
Density / Sq Mi
$79,888
Median Household Income
$49,153
Median Earnings
$1,664
Median Rent
$319,300
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 5,000 SF office building in Millhopper Office Park.
Where is this office building located?
The property is located at 4915 NW 43rd Street Gainesville, FL.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Stand‑alone 5,000± SF brick office building.; Investment/owner‑user opportunity with existing tenant and rental income.; Located in Millhopper Office Park.
