5622 43Rd StGainesville, FL 32653

Property Details for 5622 43Rd St

Year built

1993

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.08 AC

Property size (Sq ft)

4,833 SF

Zone code

OF

Property type

Healthcare properties

Property subtype

Medical offices

APN

06023-100-002

APU

6023100002

Description

This exceptional 5,140-square-foot medical office building in Gainesville, Florida, presents a unique investment opportunity. Located at 5622 NW 43rd St, 32653, in Alachua County, this two-story building boasts high visibility from its position backing onto NW 43rd Street, a prominent professional corridor. Originally designed as a dental facility, the property is currently mostly vacant (4,899 sqft) and offers a flexible layout ideal for a variety of medical or professional uses. Features include a spacious lobby with reception desk, eight office/exam rooms, two administrative stations, a copy/file room, an executive office with private bath, a business office, kitchen, ample storage, a lab/break area, and multiple full and half baths on both floors. A second-floor conference area and a separate living space add to the building's versatility. The property's single-tenant occupancy allows for customization and control, making it an attractive option for established businesses seeking to expand or new ventures looking for a turnkey solution. The high demand for professional space in this area makes this a compelling investment opportunity for those seeking a strong return. The building's design and amenities cater to a wide range of professionals, including medical practitioners, attorneys, accountants, and other service providers.

• CAP approach

  CAP return

  Valuation

  6%

  $1,043,686

  6.5%

  $963,403

  7%

  $894,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $328,692

  Geo Method

  $328,692

• Alternative Use

  Use

  Valuation

  Residential

  $1,194,620

  Hospitality

  $1,094,265

  Educational

  $910,416

  Medical

  $941,726

  Retail

  $1,416,202

Location Insight

City

Gainesville

County

Alachua

State

Florida

Latitude

29.706

Longitude

-82.3893

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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