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Property profile & analytics
OFF-MARKET
Medical Office Space

3721 40th Ter Ste A Gainesville, FL 32606-8149

1,254 SF 0.03 ac lot Built 1994
Entity Owned Absentee Owner Free & Clear
Property ID
US18-3378294
Property summary
AI-generated overview

This exceptional 2,593 square foot executive office building is available for sale at $515,000. Located at 3721 NW 40th Terrace in Gainesville, Florida (zip code 32606), this property boasts a desirable location within the Metrocorp Office Park, offering convenient access to major roadways and numerous amenities. The building features a thoughtfully designed layout including a welcoming reception area, multiple private offices ideal for individual executives or teams, a spacious conference room perfect for meetings and presentations, and a large open work area bathed in natural light thanks to a high vaulted ceiling. A fully equipped kitchen adds convenience, while a dedicated server room with its own air conditioning ensures optimal technology infrastructure. Three restrooms complete the functional design. The property is currently vacant, presenting an immediate opportunity for occupancy. The building is zoned PUD, offering flexibility for potential future uses. Ample parking is available for employees and clients. This turnkey office space is perfect for a business seeking a prestigious and functional location in a thriving Gainesville business district, close to Wells Fargo, Gateway Bank, Truist, and a variety of restaurants.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1994
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,254 SF
Lot 0.03 ac (1,307 SF)
Zoning code PD
APN 06110-030-001
UPID US18-3378294
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Shmm Properties LLC
Shmm Properties LLC
since 2026
Last sale
$270,000
2 recorded transactions
2026
$270,000
2009
$245,000
Zoning & alternative use
PD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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