3420 98Th St Gainesville, FL 32608
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.