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    2233 41 Cir Gainesville, FL 32606

    Sponsored
    For Lease
    Contact for pricing

    Gainesville Office Suites: 17 Spaces Available

    Lot size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This Gainesville, Florida office property, located at 2233 NW 41st Street in the Millhopper/Thornebrook submarket of Alachua County (zip code 32606), offers 17 available executive, traditional, and creative office suites. Spaces range from 60 to 247 square feet, perfect for a variety of business needs. The single-story building is conveniently located and features ample parking. Utilities, common area janitorial services, and building maintenance are included in the base rent. High-speed internet connectivity is readily available through AT&T and Cox services. The property boasts prominent monument signage and flexible zoning to accommodate diverse business uses. This is an ideal location for professionals seeking a functional, convenient, and prestigious office space in Gainesville's thriving Millhopper/Thornebrook business district. The building does not have elevators.

    Property Features for 2233 41 Cir

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,200 SF

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Suite 100-E
    Size
    111 SF
    Space
    Suite 100-C
    Size
    130 SF
    Space
    Suite 700-G
    Size
    84 SF
    Space
    Suite 400-B
    Size
    120 SF
    Space
    Suite 200-F w/ private restroom
    Size
    215 SF
    Space
    Suite 200-C
    Size
    138 SF
    Space
    Suite 700-K
    Size
    122 SF
    Space
    Suite 100-F
    Size
    60 SF
    Space
    Suite 700-L
    Size
    247 SF
    Space
    Suite 400-A
    Size
    118 SF
    Space
    Suite 200-H
    Size
    103 SF
    Space
    Suite 200-G
    Size
    72 SF
    Space
    Suite 100-D
    Size
    100 SF
    Space
    Suite 700-I
    Size
    178 SF
    Space
    Suite 200-D
    Size
    138 SF
    Space
    Suite 700-D
    Size
    144 SF
    Space
    Suite 200-E
    Size
    120 SF

    We can help!

    Listing Contact
    Dan Drotos
    Dan Drotos

    Learn more

    HighLights

    • Prime NW Gainesville location in the Millhopper/Thornebrook District.
    • Flexible office space sizes available.
    • All‑inclusive rent includes utilities (excluding internet), janitorial, and maintenance.
    • Monument signage and abundant parking.
    • Convenient access to shopping, dining, banking, and public transit.
    • MU2 zoning allows for mixed‑use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.386276169024
    Latitude
    29.67358049792

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    FAQs

    What type of property is this?
    Office space - Gainesville Office Suites: 17 Spaces Available
    Where is this office space located?
    The property is located at 2233 41 Cir Gainesville, FL.
    What are key features of this property?
    This property features: Prime NW Gainesville location in the Millhopper/Thornebrook District.; Flexible office space sizes available.; All-inclusive rent includes utilities (excluding internet), janitorial, and maintenance.
    Request Owner's contact information
    2233 41 Cir Gainesville, FL 32606
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    Gainesville, FL 32606
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2233 41 Cir Gainesville, FL 32606
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    We can help!
    Listing Contact
    Dan Drotos
    Dan Drotos
    Real Estate License ID: FL 3255693
    Learn more
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