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1499 74th Dr Gainesville, FL 32607-0002

OFF-MARKET Office buildings Google Maps
3,002 SF 0.07 ac lot Built 2022
Entity Owned Absentee Owner Free & Clear
Estimated value (blended)
$715k
Range $644k – $787k (±10%)
Property ID US18-2946988

Property summary

AI-generated overview

This exceptional 3,002 square foot Class B office building, constructed in 2022, is situated on a 1.29-acre lot in Gainesville, Florida's bustling Markets West Commercial Park. The single-story building features a versatile layout, including approximately six individual offices, ample open-plan desk space for collaborative work, a 10-person conference room, a break room, and storage. Its design caters to businesses seeking a blend of private and shared work areas. Located at 1499 SW 74th Dr, Gainesville, FL 32607 (APN: 06676-011-007), this property boasts excellent accessibility, being just 2.5 miles from major highways, ensuring easy commuting for employees. The surrounding area offers a wealth of amenities, including cafes, restaurants, a gym, and gas stations, enhancing convenience and work-life balance. The property is zoned CP - Commercial and is available for sale by owner, with an occupancy date of October 7, 2024. This move-in ready space presents a fantastic opportunity for businesses seeking a modern, well-located office in a thriving commercial park, offering excellent connectivity to Tower Rd, Newberry Rd, Archer Rd, and I-75. The property is ideal for both use and investment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2022
Construction WOOD
Total area 3,002 SF
Lot 0.07 ac (3,049 SF)
Zoning code MU2
APN 06676-011-007
UPID US18-2946988

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$615k
Comparable Approach Comparable
$432k
Blend (final) Blend
$715k

Owner & transaction history

since 2026
Last sale
$850,000
2 recorded transactions
2026
$850,000
2022
Price N/A

Zoning & alternative use

MU2 · Gainesville, FL
Zoning description

ban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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