2201 40Th TerGainesville, FL 32605

Property Details for 2201 40Th Ter

Year built

1996

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

5,855 SF

Zone code

PD

Property type

Office properties

Property subtype

Office buildings

APN

06413-004-002

APU

6413004002

Description

This exceptional 2,322 square foot executive office suite is situated within the well-maintained Crown Pointe IV Office Building in Gainesville, Florida. Located at 2201 NW 40th Terrace, 32605, this single-story building offers a highly desirable location with excellent visibility and accessibility. The building boasts a total of 6,012 square feet and features a striking white portico entrance with 24 dedicated parking spaces, plus access to additional common area parking. The interior is bright and inviting, featuring a spacious reception area with a copy center. The layout includes 18 private offices with windows, four interior offices, a large 17' x 20' conference/AV room ideal for presentations or training, a second smaller conference room, a substantial air-conditioned IT room with two-hour fire-rated server room walls, a dedicated computer room, and ample storage closets. A comfortable employee lounge with exterior access and three restrooms complete the amenities. The property benefits from monument signage directly on NW 40th Terrace, ensuring high brand visibility. This space is zoned PD and is conveniently located near major east-west thoroughfares, experiencing high daily traffic volume, and is within close proximity to shopping centers including Publix and Fresh Market, as well as the Thornebrook Village shopping complex, providing unparalleled convenience for employees and clients. The property's APN is 06413-004-002 in Alachua County. This is a rare opportunity to secure a well-appointed and strategically located office space in a thriving Gainesville business district.

• CAP approach

  CAP return

  Valuation

  6%

  $1,264,387

  6.5%

  $1,167,127

  7%

  $1,083,760

• Comparable approach

  Method

  Valuation

  Relative Method

  $398,199

  Geo Method

  $398,199

• Alternative Use

  Use

  Valuation

  Residential

  $1,447,237

  Hospitality

  $1,325,661

  Educational

  $1,102,935

  Medical

  $1,140,866

  Retail

  $1,715,676

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.6739

Longitude

-82.384

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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