Medical Office Condominium
B-230 76th Dr Gainesville, FL 32607
For Sale
$375,000
Office condominium suite in a professional corridor with a flexible layout, ample parking, and concrete block construction.
Property Size1,873 SF
Price / SF$200.21
Days on Market190
Property Features for B-230 76th Dr
General Information
- Standard status
- Active
- Size
- 1,873 SF
Listing Agency:
UNIVERSITY REALTY
(352) 283-1384
Listed By:
Eric Warm · License #3282023
(352) 283-1384
Source:
Exprealty
Added: Jan 15
Changed: Jul 23
Last Checked: Jul 24 at 5:27PM
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 UNIVERSITY REALTY
Investment Insights
Based on property information with market context.
This medical office condominium suite, located as Suite B, is offered for sale in an established NW Gainesville professional corridor. The space features a flexible and functional layout and is built with concrete block construction. The property also offers ample parking for patients, staff, and visitors.
The suite is positioned in an office park with convenient access to Newberry Road and I-75. Public remarks also note visibility from Tower Road.
Available for purchase as a ready-to-go office within the professional office park setting, this suite represents a straightforward option for an owner seeking an established medical office configuration.
The suite is positioned in an office park with convenient access to Newberry Road and I-75. Public remarks also note visibility from Tower Road.
Available for purchase as a ready-to-go office within the professional office park setting, this suite represents a straightforward option for an owner seeking an established medical office configuration.
Key Highlights
- Medical office condominium suite at 230 NW 76th Drive, Suite B, located in the established NW Gainesville professional corridor.
- Flexible and functional layout designed for a medical office setup.
- Ample parking for patients and visitors.
Financial Insights For Healthcare Medical
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 | $42.7k | $22.80 |
| − Vacancy | −$3.4k | −$1.82 |
| EGI | $39.3k | $20.98 |
| − OpEx | −$15.7k | −$8.39 |
| NOI | $23.6k | $12.59 |
1,873 SF · lease $22.80/SF/yr · vacancy 8.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$336.8K
$294.7K – $392.9K
NOI $23,573 @ 7.0% cap · market cap 6.29%
Second Best
Office B
$333.8K
$292.1K – $389.4K
NOI $23,364 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$463.9K
$405.9K – $541.2K
NOI $32,473 @ 7.0% cap · market cap 8.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical Office Space
Similar Off Market Nearby
- CCVS Outpatient - Tower Hill — 310 NW 76 Dr Suite C, Gainesville, FL 32607
- Schirmer Fred DVM — gainesville, fl 32607
- Riley Arthur DVM — 205 SW 75th St, Gainesville, FL 32607
- Camp Steve DVM — Gainesville, FL 32607
- Hamerslag Karen L DVM — 229 NW 75th St, Gainesville, FL 32607
FAQs
What type of property is this?
Medical Office Space - Office condominium suite in a professional corridor with a flexible layout, ample parking, and concrete block construction.
Where is this medical office space located?
The property is located at B-230 76th Dr Gainesville, FL.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Medical office condominium suite at 230 NW 76th Drive, Suite B, located in the established NW Gainesville professional corridor.; Flexible and functional layout designed for a medical office setup.; Ample parking for patients and visitors.
