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Property profile & analytics
FOR LEASE
Office buildings

3951 NW 48Th Ter Gainesville, FL 32606

56,799 SF 2.76 ac lot Built 2001
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US18-4607768
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • UF Health Wound Care and Hyperbaric Center Medical Clinic
  • MediaEdge Communications, LLC. Marketing & Advertising (Bike/Boat/Book/etc) Store
  • Dr. Nicole Provost, MD Pediatrician Physician
  • Davis John D MD Physician
  • Nicole Provost Physician
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
Mag Parke LLC · 3 yrs held
Mag Parke LLC
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
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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