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    3420 98Th St Gainesville, FL 32608

    For Sale
    $380,000

    Class A, Vacant, 6,000 SF

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Class A medical office building, located at 3420 NW 98th Street in Gainesville, Florida, presents a unique investment opportunity. The 6,000 square foot building sits on a 2.82-acre lot, offering ample space and potential for expansion. Currently vacant, this property is zoned BP and provides a significant opportunity for immediate occupancy or lease. The asking price is $380,000, translating to $63.33 per square foot. The land value alone is estimated at $148,936.17 per acre. The property features a generous parking ratio of 4.87 spaces per 1,000 square feet, ensuring convenient access for patients and staff. The property's location in Alachua County, Florida, offers excellent visibility and accessibility. While the building is currently vacant, its prime location and Class A designation make it highly attractive to medical tenants. The property's parcel number is 06233-014-007. Note that this property is subject to a triple net (NNN) lease. Construction is anticipated to begin shortly after final development approvals are received from Alachua County, with an estimated completion date of June 11, 2022. This is a rare opportunity to acquire a high-quality medical office building in a thriving Gainesville market.

    Property Features for 3420 98Th St

    General Information

    Property type
    Medical offices
    Square Feet
    6,000 SF
    Class
    A
    Lot Size
    122,839 SF

    HighLights

    • Class A, 6,000 SF medical office building in Gainesville, FL.
    • Located on a 2.82‑acre lot, zoned BP.
    • Asking price: $380,000 ($63.33/SF).
    • 4.87 parking spaces per 1,000 SF.
    • Triple net (NNN) lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -82.3659168
    Latitude
    29.6156734

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    FAQs

    What type of property is this?
    Medical office - Class A, Vacant, 6,000 SF
    Where is this medical office located?
    The property is located at 3420 98Th St Gainesville, FL.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Class A, 6,000 SF medical office building in Gainesville, FL.; Located on a 2.82-acre lot, zoned BP.; Asking price: $380,000 ($63.33/SF).
    Request Owner's contact information
    3420 98Th St Gainesville, FL 32608
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    Gainesville, FL 32608
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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
    3420 98Th St Gainesville, FL 32608
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