Updated Office
For Sale
$219,000
B2-2731 Nw 41st St, Gainesville, FL 32607
Refreshed suite with a private office, open work area, reception space, and restroom with shower.
Property Size609 SF
Price / SF$359.61
Days on Market69
Property Features for B2-2731 Nw 41st St
General Information
Standard status
Active
Size
609 SF
Taxes and HOA fees
Annual Taxes
$2,577
Amenities
private office with sink and storage
large open workspace
small reception area
restroom with shower
Listing Agency:
BHGRE THOMAS GROUP
(352) 226-8228
Listed By:
Gavin Johnson · License #3287999
(352) 665-1093
Source:
Exprealty
Added: Aug 6
Changed: Oct 11
Last Checked: Oct 12 at 8:40PM
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 BHGRE THOMAS GROUP
Investment Insights
Based on property information with market context.
This office unit has been refreshed with new flooring, lighting, paint, and a drop ceiling. The interior arrangement includes a private office with a sink and storage, a generously sized open work area, and a compact reception area. A restroom with shower and additional storage support the suite’s functionality.
The configuration is suited to office use and is also identified for salon suite use. Its combination of private and open areas provides a practical layout for a range of professional operations.
The configuration is suited to office use and is also identified for salon suite use. Its combination of private and open areas provides a practical layout for a range of professional operations.
Key Highlights
- New flooring, lighting, paint, and drop ceiling
- Private office includes a sink and storage
- Large open workspace with a separate reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,597
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$151,940
$151.9K
Cap Rate 7%
$108,529
$108.5K
Cap Rate 9%
$84,411
$84.4K
Market Conditions
NOI Build-Up for 609 SF
Gross rent
$12.1K $19.80/SF
− Vacancy
−$1.9K −$3.17/SF
EGI
$10.1K $16.63/SF
− OpEx
−$2.5K −$4.16/SF
NOI
$7.6K $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%
$151,940
Cap Rate 7%
$108,529
Cap Rate 9%
$84,411
Alternative Uses
Best Use
Office B
$108.5K
$95.0K – $126.6K
NOI $7,597 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$150.8K
$132.0K – $176.0K
NOI $10,559 @ 7.0% cap · market cap 4.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,013
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Refreshed suite with a private office, open work area, reception space, and restroom with shower.
Where is this office units located?
The property is located at B2-2731 Nw 41st St Gainesville, FL.
What is the asking price?
The asking price for this property is $219,000.
What are key features of this property?
This property features: New flooring, lighting, paint, and drop ceiling; Private office includes a sink and storage; Large open workspace with a separate reception area
