Second-Floor Office
B-1204 69th Ter, Gainesville, FL 32607
For Sale
$229,000
Redeveloped second-floor office suite with five private offices, lobby, two restrooms, kitchenette, and newer HVAC.
Property Size1,671 SF
Price / SF$137.04
Days on Market272
Property Features for B-1204 69th Ter
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Amenities
kitchenette
elevator
on-site parking
Building Details
Tenancy
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 335-4999
Listed By:
Shasta Schoellhorn · License FL #3484708
(352) 922-0048
Source:
Exprealty
Added: Feb 12
Changed: Nov 1
Last Checked: Nov 8 at 9:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER M.M. PARRISH REALTORS
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Investment Insights
Based on property information with market context.
This beautifully redecorated second-floor office suite is designed for professional use and includes five private offices, a large lobby with reception desk and workspace, two restrooms, a kitchenette, and ample storage. Large windows provide an open, light-filled environment with views. HVAC is approximately three years old, and the building has a new roof and is reported to be in excellent condition. The suite also features a large stairway and convenient elevator access, along with a large entry hall.
The office is located within a development referred to as a "Professional Complex," which is set up as fractional ownership with six property owners sharing common area expenses. The property includes plenty of on-site parking for staff and clients.
Offered for sale as an individual office unit within the complex, this layout supports a contained office arrangement with a defined reception area and multiple private rooms.
The office is located within a development referred to as a "Professional Complex," which is set up as fractional ownership with six property owners sharing common area expenses. The property includes plenty of on-site parking for staff and clients.
Offered for sale as an individual office unit within the complex, this layout supports a contained office arrangement with a defined reception area and multiple private rooms.
Key Highlights
- Second‑floor office suite with five private offices plus large lobby and reception desk/workspace
- Includes two restrooms, kitchenette, and a large entry hall with ample storage
- Large windows provide views and a bright work environment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,844
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,880
$416.9K
Cap Rate 7%
$297,771
$297.8K
Cap Rate 9%
$231,600
$231.6K
Market Conditions
NOI Build-Up for 1,671 SF
Gross rent
$33.1K $19.80/SF
− Vacancy
−$5.3K −$3.17/SF
EGI
$27.8K $16.63/SF
− OpEx
−$6.9K −$4.16/SF
NOI
$20.8K $12.47/SF
Area
Gainesville, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,880
Cap Rate 7%
$297,771
Cap Rate 9%
$231,600
Alternative Uses
Best Use
Office B
$297.8K
$260.6K – $347.4K
NOI $20,844 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.9K
$362.1K – $482.9K
NOI $28,971 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
Demographics for 32607, FL
35,420
Population
16,465
Households
2.2
Avg Household Size
28
Median Age
53%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,811
Density / Sq Mi
$46,517
Median Household Income
$30,690
Median Earnings
$1,222
Median Rent
$297,800
Median Home Value
Market
Average Price Trend$/SF for Office Units in Gainesville, FL
Properties on Market for Office Units in Gainesville
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Redeveloped second-floor office suite with five private offices, lobby, two restrooms, kitchenette, and newer HVAC.
Where is this office unit located?
The property is located at B-1204 69th Ter Gainesville, FL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Second‑floor office suite with five private offices plus large lobby and reception desk/workspace; Includes two restrooms, kitchenette, and a large entry hall with ample storage; Large windows provide views and a bright work environment
