Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4055 43rd St Gainesville, FL 32606-2512

    • Office buildings
    • 4,048 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2023
    $1,250,000
    Value Estimations
    $1,245,000
    Show details
    Cap Rate Potential
    4.3%
    Office buildings
    Location Intelligence
    Property ID
    US18-0592365
    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

    • Family and Financial Therapy of Florida / Financial Advisor
    • Spirit of Truth Church / Church
    • Pine Grove Center / Business Service Center / Corporate Office
    • Optimal Personal Training 4U (OPT4U) / Gym & Fitness Center
    • Alex Wesly Construction Corp / Construction Company

    Property Details for 4055 43rd St

    Year built
    1982
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.44 lot acres
    Property size
    4,048 SF
    Zone code
    OF
    Property type
    Office buildings
    APN
    06072-020-002
    APU
    6072020002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,250,000
      ML approach
      $1,230,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $900,000
      6.5%
      $830,000
      7%
      $770,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3883
    Latitude
    29.6906
    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
    $11,851
    $130,435
    $378,165
    $508,600
    -
    $130,435
    $378,165
    $508,600

    Comparable in this City

    • Value Estimation
      $1,155,000
      10,498 SF

      1701 80th Blvd

      OFFICE BUILDING (MULTI-STORY) • 10,498 SF
      1701 80th Blvd, Gainesville, FL 32606-9267
      View Details
    • Value Estimation
      $1,445,000
      8,144 SF

      1700 80th Blvd

      OFFICE BUILDING (MULTI-STORY) • 8,144 SF
      1700 80th Blvd, Gainesville, FL 32606-9177
      View Details
    • Value Estimation
      $825,000
      4,058 SF

      5010 43rd St

      OFFICE BUILDING (MULTI-STORY) • 4,058 SF
      5010 43rd St, Gainesville, FL 32606-4457
      View Details
    • Value Estimation by Request
      2,301 SF

      4400 39th Ave

      OFFICE BUILDING (MULTI-STORY) • 2,301 SF
      4400 39th Ave, Gainesville, FL 32606-7220
      View Details
    • Value Estimation
      $1,825,000
      15,278 SF

      2614 43rd St

      OFFICE BUILDING (MULTI-STORY) • 15,278 SF
      2614 43rd St, Gainesville, FL 32606-6611
      View Details
    • Value Estimation
      $1,520,000
      13,798 SF

      2610 43rd St

      OFFICE BUILDING (MULTI-STORY) • 13,798 SF
      2610 43rd St, Gainesville, FL 32606-6675
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      65,260 SF

      Gainesville Office Building For Sale

      Striking, custom-built office building in Celebration Pointe, Gainesville, Florida.
      2970 SW 50Th Ter, Gainesville, FL 32606
      View Details
    • Contact for pricing
      20,183 SF

      Modern Office Building Investment Opportunity

      Class A office building fully leased through 2027 in Gainesville.
      2511 NW 41St St, Gainesville, FL 32606
      View Details
    • $850,000
      5,493 SF

      Gainesville Medical Office Building

      Spacious medical office, 5,493 sq ft, immediate occupancy.
      3780 83Rd St, Gainesville, FL 32606
      View Details
    • $7,000,000
      40,179 SF

      Gainesville Office Building For Sale

      40,179 SF Office Space, Prime Location
      4300 89Th Blvd, Gainesville, FL 32606
      View Details
    • Contact for pricing
      5,688 SF

      Banfield Pet Hospital For Sale

      NNN leased Banfield Pet Hospital in Gainesville, Florida.
      4209 NW 37Th Pl, Gainesville, FL 32606
      View Details
    • $449,000

      Gainesville Office Space for Sale

      Prime Gainesville location, 2600 sq ft office.
      2837 41 Cir, Gainesville, FL 32606
      View Details

    Similar Nearby for Lease

    • $28,800

      Updated Office Space For Rent

      Newly updated office space with excellent accessibility and convenience.
      9200 NW 36Th Pl, Gainesville, FL 32606
      View Details
    • Contact for pricing
      5,000 SF

      Prime Millhopper Office Suites

      Elegant executive suites, various sizes available.
      4915 43Rd St, Gainesville, FL 32606
      View Details
    • $21 SF/Yr
      24,866 SF

      Gainesville Class A Office Suites

      Modern offices, ample parking, prime location.
      2850 43Rd St, Gainesville, FL 32606
      View Details
    • $25,200

      Furnished Office Space Available

      Furnished office space in a highly sought-after Gainesville location.
      4130 NW 37Th Pl, Gainesville, FL 32606
      View Details
    • Contact for pricing
      9,251 SF

      Gorgeous Office Space Available

      Bright 9,251 SF office space in a corporate center.
      4300 NW 89Th Blvd, Gainesville, FL 32606
      View Details
    • $18 SF/Yr
      8,193 SF

      Class A Office Space Available

      Modern office space for lease in mixed-use development.
      3951 NW 48Th Ter, Gainesville, FL 32606
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4055 43rd St
    Gainesville, FL 32606-2512
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.