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    1241 NW 50Th Ave Gainesville, FL 32609

    For Sale
    $1,100,000

    Storage facility near University of Florida with expansion potential.

    Property size:
    11,980 SF
    Lot size:
    1.00 Acres

    Property Features for 1241 NW 50Th Ave

    General Information

    Size
    11,980 SF
    Lot size
    1.00 Acres

    Source: RIPCO Real Estate | Tampa Agent Jack Kaiser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Gainesville Storage Facility For Sale

    This storage facility features 85 total storage units, encompassing 11,980 square feet. The property is located approximately 4 miles from The University of Florida and 5 miles from the Gainesville Regional Airport. There is potential for further upside through the addition of storage units, as well as standardizing and raising rents to market rates. Seller financing is available with 5% interest only, offering an excellent return with a cash-on-cash return year 1 of 8.46%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Porterfield Mini Storage Concrete Contractor

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3377585
    Latitude
    29.701147

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    FAQs

    What type of property is this?
    Self storage facility - Storage facility near University of Florida with expansion potential.
    Where is this self storage facility located?
    The property is located at 1241 NW 50Th Ave Gainesville, FL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Seller financing available with 5% interest only.; - **Excellent return**: 8.46% Cash-On-Cash return in year 1 with seller financing.; - Upside potential through standardizing/raising rents to market value.
    (732) 742-9250
    Request Owner's contact information
    1241 NW 50Th Ave Gainesville, FL 32609
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    Realmo Value Estimation

    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.

    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.

    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
    1241 NW 50Th Ave Gainesville, FL 32609
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