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    4340 Newberry Rd Gainesville, FL 32605

    For Sale
    $950,000

    5,982 SF Medical Office, $950K

    Property size:
    5,982 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 5,982 square foot medical office condo is situated on the first floor of the Millennium Center, a three-story building boasting a grand lobby. Located at 4340 W Newberry Rd, Gainesville, FL 32605, this Alachua County property (APN: 06544-201-101) offers a prime location with convenient access and ample parking (138 spaces). Built in 2000, the unit features a covered four-lane drive-thru canopy, ideal for patient access and convenience. The space is zoned CP, allowing for a diverse range of uses including professional offices, medical offices, laboratories, health services, research and testing facilities, and veterinary services. The property is part of the 43rd Street Medical Building condominium. Note that any sale to another institution may include a purchaser's premium of at least 20%. The unit's asking price is $950,000, translating to $158.81 per square foot. Prestigious neighbors include Gainesville High Field MRI, Vitreo Retinal Associates, Accent Physician Specialist, and the Alachua County Employee Health & Wellness Center. This is a remarkable opportunity to acquire a well-located, versatile medical office space in a thriving Gainesville community.

    Property Features for 4340 Newberry Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    5,982 SF

    Building Details

    Year Built
    2000

    HighLights

    • 5,982 SF medical office condo in Gainesville, FL.
    • First‑floor unit in the Millennium Center, a three‑story building with a grand lobby.
    • Prime location at 4340 W Newberry Rd, Gainesville, FL 32605 (APN: 06544‑201‑101), with ample parking (138 spaces).
    • Built in 2000, featuring a covered four‑lane drive‑thru canopy.
    • CP zoning allows for various uses, including medical, professional offices, and labs.
    • Asking price: $950,000 ($158.81/SF). Potential buyer's premium of at least 20% for institutional sales.
    Property Profile Location Intelligence

    Current Use by Public Records

    Uf Plastic & Reconsructive Plastic Surgeon Millennium Center Medical Center Vitreo Retinal Associates Ophthalmologist Accent Sleep Solutions Sleep Clinic Rhinoplasty Medical Clinic

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.38958219889
    Latitude
    29.656018757422

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    FAQs

    What type of property is this?
    Individual retail property - 5,982 SF Medical Office, $950K
    Where is this individual retail property located?
    The property is located at 4340 Newberry Rd Gainesville, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 5,982 SF medical office condo in Gainesville, FL.; First-floor unit in the Millennium Center, a three-story building with a grand lobby.; Prime location at 4340 W Newberry Rd, Gainesville, FL 32605 (APN: 06544-201-101), with ample parking (138 spaces).
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    Realmo Value Estimation

    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.

    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.

    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
    4340 Newberry Rd Gainesville, FL 32605
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