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Financial
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Property profile

4031 Northwest 43Rd St Gainesville, FL 32606

FOR LEASE
Medical Office Space
Property ID
US18-4849371
4,138 SF 0.46 ac lot Built 1997
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,430 square foot office building, situated on a 0.46-acre lot in Gainesville, Florida's desirable Northwest area, presents a remarkable investment opportunity. Previously a dental practice, this versatile space features ten spacious operatories, extensive wet and dry labs, a sterilization area with expansion potential, three full baths with showers, two half-baths, three doctor's offices, a staff kitchen, a large reception area, and a capacious waiting room. The adaptable layout is ideal for various professional uses, including medical, veterinary, laboratory, legal, accounting, or shared office spaces. Abundant storage ensures efficient organization. The interior boasts light walls, durable tile floors, and two storefront entries, allowing for division into separate offices. Recent upgrades include a new roof (October 2022), keyless entry, LED lighting (interior and exterior), five Nest thermostats, two 2020-installed Blue Light air purifiers, a large code-compliant marquee, and a curbside parking lot exceeding code requirements (24 spaces). Additional features include pleated filters for all five AC units, enhanced interior security, hardwired computer and phone lines, attic access, an insulated utility room, exterior safety lighting, a concrete pad for waste disposal, a water shut-off valve, and complete original floor plans. Amenities such as a washer/dryer hookup, an employee lounge with refrigerator and built-in worktable, ceiling fans, and a mail slot add to the property's appeal. This property offers numerous details and is ready for immediate occupancy.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1997
Construction WOOD
Total area 4,138 SF
Lot 0.46 ac (20,038 SF)
Zoning code OF
APN 06072-020-007
UPID US18-4849371

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
  • Dental Office
  • Dental Office

Location

4031 Northwest 43Rd St Gainesville, FL 32606
Gainesville metro Census 1201 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$618k
Blend (final) Blend
$485k

Owner & transaction history

since 2022
Last sale
$600,000
1 recorded transaction
2022
$600,000

Zoning & alternative use

OF · Gainesville, FL
Zoning description

Sec. 30-4.1. - Establishment of zoning districts. The following zoning districts are established to implement the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water,…

General category RESIDENTIAL
Top alternative use upside
Office building $625,000 +2.9%
Retail stores $625,000 +2.6%

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
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