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Property profile & analytics
FOR LEASE
Medical Office Space
7000 NW 11Th Pl Gainesville, FL 32605
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0592385
For Lease
1 / 17
$20 SF/Yr
7000 NW 11Th Pl, Gainesville, FL 32605
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Property summary
AI-generated overview
This 9,891 square foot, single-story office building in Gainesville, Florida (32605), is undergoing extensive renovations. Currently fully vacant, it offers flexible space ideal for medical, executive, or traditional office uses. The renovations include a new roof, landscaping, improved exterior, and new monument signage. The interior will feature a new layout, incorporating existing treatment vaults suitable for medical equipment. A tenant improvement allowance is available, allowing for custom build-outs. The property is zoned AP and located at 7000 NW 11th Place. Three spaces are available, ranging from 4,452 to 9,891 square feet. This presents a unique opportunity to establish a presence in a prime Gainesville location with modern amenities and significant upgrades. The building offers a clean shell condition upon completion, allowing for complete customization to meet specific business needs. The strategic location and improved visibility ensure high potential for success. This is an exceptional opportunity for businesses seeking a modern, well-maintained office space in a thriving area.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,072 SF
Lot
0.94 ac (40,946 SF)
Zoning code
AP
APN
06336-007-000
UPID
US18-0592385
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
-
Community Cancer Center of North Florida Physician
-
Ocala Oncology/Florida Cancer Affiliates Medical Clinic
-
Dr. Craig W. Englund, MD Physician
-
Community Cancer Center: Geotowski Paul G MD Physician
-
Dr. Paul J. Schilling, MD Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.00M
Owner & transaction history
Mipg LLC · 3 yrs held
Mipg LLC
since 2023
Last sale
$1.0M
3 recorded transactions
Zoning & alternative use
AP · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.5M
+15.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,000,000
ML approach
$1,005,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,305,000
Current use
OFFICE BUILDING
$1,505,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$1,140,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.00M
Range $900k – $1.10M · ±10% · vs last sale $1.00M (May 22 2023)
Last sale anchor
$1.00M
May 22 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$110 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$20,437
Tax year 2023
Assessed value
$1,002,300
Assessed 2023
Previous assessed
$1,002,300
+0.0% YoY
Effective rate
2.04%
On assessed value
Assessed land
$614,800
Assessed improvement
$387,500
Land market value
$614,800
Improvement market value
$387,500
Total market value
$1,002,300
Applied tax rate
400.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Lease
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
30
Bathrooms
22
Total area
9,072 SF
Lot
0.94 ac (40,946 SF)
Zoning code
AP
APN
06336-007-000
UPID
US18-0592385
Jurisdiction
ALACHUA
Zoning & alternative use
AP · Gainesville, FL
Zoning AP · permitted uses
AP · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.1M
MEDICAL BUILDING Current
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
30
Bathrooms
22
Lot
0.94 ac
Current owner
From public records · entity-resolved
Mipg LLC
Entity
Mailing address
6760 SABLE RDG LN, NAPLES, FL 34109-0528
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2023
$1,000,000
Mipg LLC
Cccnf Real Estate LLC
Warranty Deed
$500,000 · Paul Schilling
Feb 25, 2009
$1,479,100
Cccnf Real Estate LLC
Community Cancer Center Of North
Warranty Deed
—
Nov 26, 2001
$153,000
Fjs Real Estate LLC
Avant & Jurecko
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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