Second-Floor Office
B-1204 69th Ter Gainesville, FL 32607
For Sale
$244,000
Redeveloped second-floor office suite with five private offices, lobby, two restrooms, kitchenette, and newer HVAC.
Property Size1,671 SF
Price / SF$146.02
Days on Market161
Property Features for B-1204 69th Ter
General Information
- Standard status
- Active
- Size
- 1,671 SF
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS
(352) 922-0048
Listed By:
Shasta Schoellhorn · License #3484708
(352) 922-0048
Source:
Exprealty
Added: Feb 12
Changed: Jul 22
Last Checked: Jul 22 at 2:23PM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.1k | $19.80 |
| − Vacancy | −$5.3k | −$3.17 |
| EGI | $27.8k | $16.63 |
| − OpEx | −$6.9k | −$4.16 |
| NOI | $20.8k | $12.47 |
1,671 SF · lease $19.80/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$297.8K
$260.6K – $347.4K
NOI $20,844 @ 7.0% cap · market cap 8.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$413.9K
$362.1K – $482.9K
NOI $28,971 @ 7.0% cap · market cap 11.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - Redeveloped second-floor office suite with five private offices, lobby, two restrooms, kitchenette, and newer HVAC.
Where is this office units located?
The property is located at B-1204 69th Ter Gainesville, FL.
What is the asking price?
The asking price for this property is $244,000.
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
