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    1167 64Th Ter Gainesville, FL 32605

    For Sale
    $650,000

    Prime 10,000 SF medical office space.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 10,000 square foot medical office building opportunity is located at 1167 NW 64th Terrace in Gainesville, Florida, within the Physicians Park at North Florida Regional. The property, with APN 06340-022-003, is zoned MD and offers a compelling investment at an asking price of $650,000 ($65 per square foot). All necessary parking and retention areas are already developed and in place, simplifying the development process. The site is ready for immediate construction of a building up to 10,000 square feet. However, it's important to note that North Florida Regional Medical Center retains the right to approve the buyer and the type of medical practice that will occupy the building. This prime location in Alachua County, zip code 32605, presents a unique chance to establish or expand a medical practice within an established medical park. The property's convenient location and proximity to North Florida Regional Medical Center make it an attractive investment for medical professionals seeking a high-visibility location. This is a turnkey opportunity for a medical practice seeking a ready-to-build site with all infrastructure in place.

    Property Features for 1167 64Th Ter

    General Information

    Property type
    Medical offices
    Square Feet
    10,000 SF

    HighLights

    • Zoned for Mixed‑Use Development
    • Up to 10,000 square feet available
    • Tax Parcel Number: 06340‑022‑003
    • Asking Price: $690,000
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -82.4107912
    Latitude
    29.6631816

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    FAQs

    What type of property is this?
    Medical office - Prime 10,000 SF medical office space.
    Where is this medical office located?
    The property is located at 1167 64Th Ter Gainesville, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Zoned for Mixed-Use Development; Up to 10,000 square feet available; Tax Parcel Number: 06340-022-003
    Request Owner's contact information
    1167 64Th Ter Gainesville, FL 32605
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    Gainesville, FL 32605
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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
    1167 64Th Ter Gainesville, FL 32605
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