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    The Largest CRE Database in the US with Over 1 Million Listings

    1202 NW 39Th Ave Gainesville, FL 32609

    Sponsored
    For Sale
    $210,000

    Land - GAINESVILLE, FL

    Lot size:
    0.30 Acres
    Days on Market:
    39
    Last Refresh:
    Feb 12 at 6:06 pm

    Property Features for 1202 NW 39Th Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    OR/RMF-6
    APN
    08014-000-000
    Lot size
    0.30 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ralph Hilliard
    Ralph Hilliard

    Coldwell Banker M.M. Parrish Realtors (352) 335-4999

    Listing agent Ralph Hilliard (352) 335-4999 License #3391743

    Listing date Jan 5, 2026

    MLS# GC533862 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Gainesville Infill Development Opportunity

    This infill development site is situated on a major east-west corridor, NW 39th Avenue, in Gainesville, FL, which experiences over 20,000 average daily trips. The property, located in Alachua County, allows for construction up to three stories. Zoned OR/RMF-6, the property can be developed with a duplex and two accessory units. One accessory unit can be attached to the duplex, and the other can be detached; however, neither accessory unit can exceed 850 square feet. Construction of the duplex and accessory units requires only a building permit, with no board approval needed. Alternatively, the property could be developed with office space on the first floor and residential units on the second floor. City zoning permits various uses, including general and medical offices, personal services, medical marijuana dispensing facilities, daycare facilities, and multi-family development. The 0.3-acre lot has public street access on both the west and east sides, including turn lane access from 39th Avenue. The location is near Walgreens, CVS, ALDI, and MidFlorida Credit Union in a growing area of Gainesville.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.337095
    Latitude
    29.688749

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    FAQs

    What type of property is this?
    Commercial land - Development site on 39th Avenue with high traffic volume.
    Where is this commercial land located?
    The property is located at 1202 NW 39Th Ave Gainesville, FL.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: - High-traffic location on 39th Avenue with over 20,000 average daily trips.; - Zoning allows for diverse uses including residential, office, medical, and retail.; - Development flexibility: build a duplex with two accessory units (no board approval needed).
    (352) 335-4999
    Request Owner's contact information
    1202 NW 39Th Ave Gainesville, FL 32609
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    Gainesville, FL 32609
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    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
    1202 NW 39Th Ave Gainesville, FL 32609
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    We can help!
    Listing Contact
    Ralph Hilliard
    Ralph Hilliard
    Real Estate License ID: 3391743
    (352) 335-4999 (352) 284-4977
    Learn more
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