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Property profile & analytics
OFF-MARKET
Office Spaces

3420 98Th St Gainesville, FL 32608

6,000 SF 2.82 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Total area 6,000 SF
Lot 2.82 ac (122,839 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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