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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2632 43rd St Gainesville, FL 32606-7449

    • Office buildings
    • 3,560 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    $725,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5395409
    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

    • Florida Life Systems / Department Store
    • Quality Car Pros / Car Dealership
    • 24/7 Lockout King - A Mobile Locksmith / Locksmith
    • Lone Star Signs And Banners / (Bike/Boat/Book/etc) Store / Printing Service
    • Compass-Point Massage and Bodywork / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 2632 43rd St

    Year built
    1973
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.40 lot acres
    Property size
    3,560 SF
    Zone code
    BUS
    Property type
    Office buildings
    APN
    06160-002-000
    APU
    6160002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $790,000
      6.5%
      $730,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $731,000
      Market price range: $395k - $731k
      AI Estimate
      $712,000
      Market price range: $274k - $712k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $535,000
      Current use
      RETAIL STORES
      $535,000
      Change: -0% Conversion: Moderate
      MEDICAL BUILDING
      $520,000
      Change: -3% Conversion: Easy
      WAREHOUSE, STORAGE
      $445,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3901
    Latitude
    29.6776
    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
    $19,861
    $416,407
    $393,593
    $810,000
    -
    $416,407
    $393,593
    $810,000

    Comparable in this City

    • Value Estimation
      $2,245,000
      13,350 SF

      8100 15th Pl

      OFFICE BUILDING (MULTI-STORY) • 13,350 SF
      8100 15th Pl, Gainesville, FL 32606-9137
      View Details
    • Value Estimation
      $1,385,000
      8,348 SF

      4140 37th Pl

      OFFICE BUILDING (MULTI-STORY) • 8,348 SF
      4140 37th Pl, Gainesville, FL 32606-8153
      View Details
    • Value Estimation
      $530,000
      3,080 SF

      2321 41st St Ste B

      OFFICE BUILDING (MULTI-STORY) • 3,080 SF
      2321 41st St Ste B, Gainesville, FL 32606-6680
      View Details
    • Value Estimation
      $1,240,000
      3,652 SF

      4051 43rd St

      OFFICE BUILDING (MULTI-STORY) • 3,652 SF
      4051 43rd St, Gainesville, FL 32606-2511
      View Details
    • Value Estimation
      $1,240,000
      4,488 SF

      4061 43rd St

      OFFICE BUILDING (MULTI-STORY) • 4,488 SF
      4061 43rd St, Gainesville, FL 32606-2513
      View Details
    • Value Estimation by Request
      660 SF

      2406 43rd St

      OFFICE BUILDING (MULTI-STORY) • 660 SF
      2406 43rd St, Gainesville, FL 32606-6602
      View Details

    Similar Nearby for Sale

    • $4,416,500

      Gainesville Office Building For Sale

      20,074 SF office building in Gainesville, Florida. Light Industrial zoning.
      1615 Northwest Boulevard, Gainesville, FL 32606
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      Executive Office Building For Sale

      Three-story office building in Santa Fe Village Health Park.
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      Bristol Park Office Building For Sale

      Professional office building in Bristol Park, ideal for owner-user.
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      Gainesville Office Building For Sale

      5,000 SF office building in Millhopper Office Park.
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    • Contact for pricing
      10,052 SF

      Gainesville Office Building For Sale

      Striking, custom-built office building in Celebration Pointe, Gainesville, Florida.
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    • $400,000
      Pending

      Gainesville Office Building For Sale

      2,104 SF professional office building in a desirable location.
      2830 NW 41St St, Gainesville, FL 32606
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Prestige Park Executive Suites

      Gainesville Office Suites: 17 Spaces Available
      2233 41 Cir, Gainesville, FL 32606
      View Details
    • $21 SF/Yr
      3,850 SF

      Class A Office Space

      First floor office space in Gainesville's premiere office building.
      2850 NW 43Rd St, Gainesville, FL 32606
      View Details
    • $15 SF/Yr

      Gainesville Flex Space Near I-75

      Flex/office building with warehouse space, convenient I-75 access.
      3715 Northwest 97Th Blvd, Gainesville, FL 32606
      View Details
    • New
      $1,300 /Mo
      5,942 SF

      Gainesville Office Suite For Rent

      Office suite with open floor plan, conference room, shared amenities.
      3921 NW 97Th Blvd, Gainesville, FL 32606
      View Details
    • $5,400 /Mo

      Gainesville Office Space For Rent

      Well-lit office space near I-75 and 39th Ave.
      4031 NW 97Th Blvd, Gainesville, FL 32606
      View Details
    • $5,100 /Mo

      Affordable Office Space Available

      Worry-free office space in a great business district.
      2833 NW 41St St, Gainesville, FL 32606
      View Details
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    Gainesville, FL 32606-7449
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    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
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