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    4141 37Th Pl Gainesville, FL 32606

    Sponsored
    For Sale
    $1,250,000

    8,000 SF Co-working Space, 5.34% Cap Rate

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 8,000 square foot office building, located at 4141 NW 37th Pl in Gainesville, Florida (32606), presents a compelling investment opportunity. The property, constructed in 1994, boasts a beautiful brick and stucco exterior and sits on a 0.18-acre lot. Currently operating at 100% occupancy, the building is leased to a blue-chip tenant with a lease expiring in April 2024, and includes one remaining three-year option. The asking price is $1,250,000, representing a price per square foot of $156.25 and a 5.34% cap rate. The property is zoned PD and features a single story design. Significant recent improvements include a new roof installed in 2017, extensive interior renovations by the tenant, and exterior painting completed in 2018. The building is comprised of two suites that can be easily separated, making it ideal for both investors and owner-occupiers. Its prime location in the desirable NW 39th Avenue and Millhopper area of Gainesville further enhances its appeal. Detailed financial proformas and suite breakdowns are available upon request. This is a rare opportunity to acquire a high-quality, well-maintained office building in a thriving Gainesville location. The property's strong tenant history and recent upgrades make it an attractive investment with significant potential for future returns.

    Property Features for 4141 37Th Pl

    General Information

    Property type
    Coworking space
    Square Feet
    8,000 SF
    Class
    C
    Lot Size
    7,841 SF

    Building Details

    Year Built
    1994
    Stories
    1

    HighLights

    • 8,000 SF brick and stucco building in Metro Corp Center, Gainesville. Two combined suites, easily divisible. Excellent investment opportunity.
    • Leased to a blue‑chip tenant through April 2024, with one 3‑year option. New roof (2017), significant tenant interior improvements, and exterior painting (2018).
    • Prime NW 39th Avenue and Millhopper location. High‑quality office building in a desirable Gainesville area.
    • Principals only.
    Property Profile Location Intelligence

    Current Use by Public Records

    BHHS Florida Realty ... Real Estate Agency Berkshire Hathaway HomeServices ... Real Estate Agency Florida Title & Guarantee ... Title Company Joseph E. Freck Real Estate Agency J Patrick Sucher ... Real Estate Agent

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3878778
    Latitude
    29.6871078

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    FAQs

    What type of property is this?
    Coworking space - 8,000 SF Co-working Space, 5.34% Cap Rate
    Where is this coworking space located?
    The property is located at 4141 37Th Pl Gainesville, FL.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: 8,000 SF brick and stucco building in Metro Corp Center, Gainesville. Two combined suites, easily divisible. Excellent investment opportunity.; Leased to a blue-chip tenant through April 2024, with one 3-year option. New roof (2017), significant tenant interior improvements, and exterior painting (2018).; Prime NW 39th Avenue and Millhopper location. High-quality office building in a desirable Gainesville area.
    Request Owner's contact information
    4141 37Th Pl Gainesville, FL 32606
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    Gainesville, FL 32606
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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
    4141 37Th Pl Gainesville, FL 32606
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