7000 11Th PlGainesville, FL 32605

Property Details for 7000 11Th Pl

Year built

2003

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.94 AC

Property size (Sq ft)

9,072 SF

Zone code

AP

Property type

Healthcare properties

Property subtype

Medical offices

APN

06336-007-000

APU

6336007000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,959,098

  6.5%

  $1,808,398

  7%

  $1,679,227

• Comparable approach

  Method

  Valuation

  Relative Method

  $616,987

  Geo Method

  $616,987

• Alternative Use

  Use

  Valuation

  Residential

  $2,242,414

  Hospitality

  $2,054,039

  Educational

  $1,708,937

  Medical

  $1,767,710

  Retail

  $2,658,346

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6639

Longitude

-82.4174

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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