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Property profile & analytics
FOR SALE
Medical Office Space
1014 NW 57Th St Gainesville, FL 32605
Entity Owned
7-yr Hold
Free & Clear
Property ID
US19-0230767
For Sale
1 / 76
$1,700,000
1014 NW 57Th St, Gainesville, FL 32605
View Listing →
Property summary
AI-generated overview
This exceptional 9,602-square-foot medical office building, situated on a 0.75-acre lot at 1014 NW 57th St, Gainesville, FL 32605, presents a unique sublease opportunity. The two-story Class B building, constructed in 1996 and extensively renovated in late 2014, boasts ample parking. The property features a versatile layout ideal for medical practices. The first floor includes a spacious reception area, numerous private offices or exam rooms, supply rooms, lab space, and four bathrooms. The second floor mirrors this functionality, offering another large reception area, multiple private offices or exam rooms, two supply rooms, a break room, a conference room, and three bathrooms. Each floor is available for separate lease. The building is conveniently located approximately half a mile east of HCA North Florida Hospital and I-75, providing excellent access and visibility. The entire building is currently vacant. Elevator service is available. This is a sublease opportunity for the entire 9,602 square feet.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Construction
WOOD
Total area
9,427 SF
Lot
0.75 ac (32,670 SF)
Zoning code
PD
APN
06354-010-003
UPID
US19-0230767
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
Current use
Occupant on record · Public records
-
Palms Medical Group Crisis Center Medical Clinic
-
Stefan Mann Pediatrician Physician
-
Lemos Bianca C MD Physician
-
Aniruddha Logan Pediatrician Physician
-
Dominique Thompson Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.02M
Owner & transaction history
South Main LLC · 7 yrs held
South Main LLC
since 2019
3 recorded transactions
Zoning & alternative use
PD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+15.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,355,000
Current use
OFFICE BUILDING
$1,565,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$1,185,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $918k – $1.12M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,981
Tax year 2023
Assessed value
$990,000
Assessed 2023
Previous assessed
$990,000
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$213,267
Assessed improvement
$776,733
Land market value
$213,267
Improvement market value
$776,733
Total market value
$990,000
Applied tax rate
400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
100
Rooms
47
Bathrooms
47
Total area
9,427 SF
Lot
0.75 ac (32,670 SF)
Zoning code
PD
APN
06354-010-003
UPID
US19-0230767
Jurisdiction
ALACHUA
Zoning & alternative use
PD · Gainesville, FL
Zoning PD · permitted uses
PD · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.2M
MEDICAL BUILDING Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
47
Bathrooms
47
Lot
0.75 ac
Current owner
From public records · entity-resolved
South Main LLC
Entity
Free & Clear · 7 yrs held
Mailing address
PO BOX 80610, INDIANAPOLIS, IN 46280-0610
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2019
$229,600
South Main LLC
South Main Trust
Grant Deed
—
Dec 28, 2012
$505,000
South Main Trust
James L Stringfellow I Trust
Warranty Deed
related
—
Apr 3, 1998
$850,000
James L Stringfellow Trustee
Barak Land Trust
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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