Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1006 SW 8Th Ave Gainesville, FL 32601

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $995,000

    Three fully remodeled units leased through July 2026.

    Lot size:
    0.14 Acres

    Property Features for 1006 SW 8Th Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Beau Beery
    Source: Elliman

    Listing Agent: Beau Beery

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

    Learn more

    Property Insight Report

    Overview

    Student Housing Rental Property

    This property features a three-unit student housing rental in two buildings. Each of the three units contains two bedrooms and one bathroom. The units are leased through July 2026. Originally built in 1939 and 1940, the units have been fully remodeled. The roofs were replaced in 2018 and 2006. All three units are located on one parcel. Parental guarantees are in place, and the units are consistently fully occupied each year. The property is located in the heart of the best real estate in the county.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3352481
    Latitude
    29.6450161

    Nearby Similar for Sale

    • New
      $899,000
      3,991 SF

      Gainesville Horse Property with Pond

      10-acre horse property with a four-bedroom home and six-stall barn.
      10720 NW 53Rd Ter, Gainesville, FL 32653
      View Details
    • $449,000
      3,600 SF

      Gainesville Quadruplex Investment Opportunity

      Turnkey four-unit multifamily property near hospitals, schools, and transportation.
      707 SW 68Th Ter, Gainesville, FL 32607
      View Details
    • $1,750,000
      10,804 SF

      Haile Village Mixed-Use Portfolio

      Mixed-use investment opportunity in Haile Village Center, Gainesville.
      5213 SW 91St Dr, Gainesville, FL 32608
      View Details
    • $1,275,000
      5,340 SF

      Haile Village Mixed-Use Building

      Three-story mixed-use building with commercial space and luxury penthouse.
      5015 SW 91St Ter, Gainesville, FL 32608
      View Details
    • New
      $219,900
      1,672 SF

      Gainesville Duplex with Income Potential

      Duplex in Gainesville, FL, offering income potential and long-term value.
      2628 SW 31St Pl, Gainesville, FL 32608
      View Details
    • New
      $1,997,500
      5,801 SF

      Gainesville Office Investment Opportunity

      Commercial property with long-term tenant near University of Florida.
      3205 SW 47Th Ave, Gainesville, FL 32608
      View Details
    • $699,000
      1,849 SF

      Gainesville Professional Office Space

      Professional office near University of Florida with flexible space.
      1216 NW 9Th Ave, Gainesville, FL 32601
      View Details
    • $475,000
      2,578 SF

      Retail Space in Thornebrook Village

      Commercial space in Gainesville's vibrant Thornebrook Village, ideal for retail.
      2441 NW 43Rd St, Gainesville, FL 32606
      View Details
    • $159,500

      Gainesville Medical Office For Sale

      1,318 SF medical office in West Gainesville, convenient location.
      7109 NW 11Th Pl, Gainesville, FL 32605
      View Details
    • $900,000
      6,294 SF

      Gainesville Sixplex with Spacious Units

      Charming sixplex in Gainesville with spacious 2-bedroom, 2-bath units.
      1110 SW 62Nd Ter, Gainesville, FL 32607
      View Details
    • $900,000
      6,294 SF

      Gainesville Sixplex with Spacious Units

      Charming sixplex in Gainesville with 2-bedroom, 2-bath units.
      1110 SW 62Nd Ter, Gainesville, FL 32607
      View Details
    • $1,000,000
      5,964 SF

      Freestanding Medical Office Near Hospital

      Well-maintained medical office building near North Florida Regional Medical Center.
      1179 NW 64Th Ter, Gainesville, FL 32605
      View Details

    FAQs

    What type of property is this?
    Triplex - Three fully remodeled units leased through July 2026.
    Where is this triplex located?
    The property is located at 1006 SW 8Th Ave Gainesville, FL.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Fully leased through July 2026, providing immediate and guaranteed rental income.; - Three units on one parcel, simplifying management and ownership.; - **Fully remodeled units**, offering modern living spaces and reduced maintenance.
    (352) 871-8324
    Request Owner's contact information
    1006 SW 8Th Ave Gainesville, FL 32601
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1006 SW 8Th Ave
    Gainesville, FL 32601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1006 SW 8Th Ave Gainesville, FL 32601
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Beau Beery
    (352) 871-8324
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.