Property profile

3951 NW 48Th Ter Gainesville, FL 32606

FOR LEASE
Office buildings
Property ID
US18-4607768
56,799 SF 2.76 ac lot Built 2001
Entity Owned 4-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

Magnolia Parke offers eight fully furnished executive office suites in Gainesville, Florida, at 3951 NW 48th Terrace, 32606. These spaces are ideal for professionals seeking a convenient and well-equipped workspace. Suite sizes range from a minimum of 112 square feet to a maximum of 286 contiguous square feet, providing flexibility for various business needs. Each office features windows, ensuring ample natural light. The full-service lease includes all utilities and janitorial services, simplifying operational costs. Shared amenities contribute to a collaborative and productive environment. These shared spaces include a well-equipped kitchen and lounge area, perfect for informal meetings and breaks. Additionally, tenants have access to multiple conference rooms, restrooms, and a large classroom space, catering to diverse professional requirements. The location provides easy access to Gainesville's amenities and transportation networks. This is a multiple tenancy building, offering a variety of options for businesses of all sizes.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2001
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 56,799 SF
Lot 2.76 ac (120,226 SF)
Zoning code PD
APN 06061-002-003
UPID US18-4607768

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Medical Clinic
  • Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Pediatrician Physician
  • Physician
  • Physician

Location

3951 NW 48Th Ter Gainesville, FL 32606
Gainesville metro Census 1811 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$17.54M

Owner & transaction history

since 2022
Last sale
$21.6M
3 recorded transactions
2024
Price N/A
2023
Price N/A
2022
$21.6M

Zoning & alternative use

PD · Gainesville, FL
Zoning description

use and planned development (PD) zoning may be used to designate new uses of properties within airport noise zones. J. Conflicting regulations. Where there exists a conflict between any of the requirements or limitations…

General category PLANNED_DEVELOPMENT

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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