Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2222 40th Ter Gainesville, FL 32605-5817

    • Office buildings
    • 3,072 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-2114166
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Studio32 Orthodontics / Dental Office
    • Sarah Cannon Cancer Services / Medical Clinic
    • SERCAP (Southeast Rural Community Assistance Project, Inc.) / Charitable Organization / Social Service Agency
    • Julie Barrons Olsen / Dental Office
    • Dr. Natalie Mullally / Dental Office

    Property Details for 2222 40th Ter

    Year built
    1996
    Construction
    WOOD
    Lot size
    0.07 lot acres
    Property size
    3,072 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    06413-005-006
    APU
    6413005006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3851
    Latitude
    29.6734
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,831
    $165,877
    $242,123
    $408,000
    -
    $165,877
    $242,123
    $408,000

    Comparable in this City

    • Value Estimation
      $765,000
      4,327 SF

      5201 34th Blvd

      OFFICE BUILDING (MULTI-STORY) • 4,327 SF
      5201 34th Blvd, Gainesville, FL 32605-1153
      View Details
    • Value Estimation
      $1,585,000
      8,619 SF

      4411 8th Ave

      OFFICE BUILDING • 8,619 SF
      4411 8th Ave, Gainesville, FL 32605-4691
      View Details
    • Value Estimation by Request
      3,568 SF

      1505 16th Ave

      OFFICE BUILDING (MULTI-STORY) • 3,568 SF
      1505 16th Ave, Gainesville, FL 32605-4036
      View Details
    • Value Estimation by Request
      3,094 SF

      1035 57th St

      OFFICE BUILDING (MULTI-STORY) • 3,094 SF
      1035 57th St, Gainesville, FL 32605-4483
      View Details
    • Value Estimation
      $815,000
      8,050 SF

      7020 11th Pl

      OFFICE BUILDING (MULTI-STORY) • 8,050 SF
      7020 11th Pl, Gainesville, FL 32605-3144
      View Details
    • Value Estimation
      $880,000
      6,761 SF

      901 57th St

      OFFICE BUILDING (MULTI-STORY) • 6,761 SF
      901 57th St, Gainesville, FL 32605-6416
      View Details

    Similar Nearby for Sale

    • $159,500
      1,318 SF

      1,318 SF Medical Office For Sale

      1,318 SF Medical Office For Sale
      7109 NW 11th Pl , SUITE 2, Gainesville, FL 32605
      View Details
    • Contact for pricing
      66,247 SF

      Gainesville Office Building with Gymnasium

      66,247± SF building with modern amenities on 10.4± acres.
      7201 NW 11Th Pl, Gainesville, FL 32605
      View Details
    • $11,900,000

      Gainesville Commercial Property with Gymnasium

      66,247± SF building on 10.4± acres in Gainesville, Florida.
      7201 NW 11Th Pl, Gainesville, FL 32605
      View Details
    • $159,500

      Gainesville Medical Office For Sale

      1,318 SF medical office in West Gainesville, convenient location.
      7109 NW 11Th Pl, Gainesville, FL 32605
      View Details
    • Contact for pricing
      6,455 SF

      Freestanding Medical Office Near Hospital

      Well-maintained medical office building near North Florida Regional Medical Center.
      1179 NW 64Th Ter, Gainesville, FL 32605
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Gainesville Office Space for Rent

      6,012 SF office building with flexible floorplan and parking.
      2201 Northwest 40Th Ter, Gainesville, FL 32605
      View Details
    • Contact for pricing

      Gainesville Commercial Space For Lease

      9,891 SF commercial space suitable for medical or professional offices.
      7000 NW 11Th Pl, Gainesville, FL 32605
      View Details
    • Contact for pricing

      Gainesville Professional Office Space

      2,604± SF office space with high visibility and functionality.
      4960 Newberry Rd, Gainesville, FL 32605
      View Details
    • $18 SF/Yr

      Gainesville Office Space For Lease

      Professional office space in the heart of Gainesville, move-in ready.
      2209 NW 40Th Ter, Gainesville, FL 32605
      View Details
    • $18 SF/Yr

      Move-in Ready Office Space

      Highly visible office space in a desirable commercial corridor.
      4961 Northwest 8Th Ave, Gainesville, FL 32605
      View Details
    • $12 SF/Yr
      7,250 SF

      Gainesville Freestanding Medical Office Space

      Well-designed medical office near HCA Healthcare, I-75, and Oaks Mall.
      1034 NW 57Th St, Gainesville, FL 32605
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2222 40th Ter
    Gainesville, FL 32605-5817
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!