Freestanding Building on Corner
For Sale
Contact for pricing
15035 NE US Hwy 301, Waldo, FL 32694
Former C-store/gas station on US Hwy 301 for sale.
Property Size3,000 SF
Price / SF$291.67
Days on Market3346
Property Features for 15035 NE US Hwy 301
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Retail
Zoning
COMM
Investment Type
Value Add
Building Details
Year Built
1996
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Lightle Beckner Robison Inc
Listed By:
Jeffery Robison · License #FL 3113472
(321) 508-9462
Source:
Crexi
Added: Aug 31, 2017
Changed: Oct 26
Last Checked: Oct 28 at 5:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lightle Beckner Robison Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding 3,000-square-foot building is situated on a corner lot, adjacent to a post office. The property, formerly a convenience store and gas station, has undergone tank removal. It fronts US Highway 301, located east of the junction with State Road 24, specifically at the northeast corner of US Highway 301 and 150th Avenue. The traffic count for this location is approximately 24,500 AADT (Annual Average Daily Traffic) as of 2023.
Key Highlights
- High Traffic Location: Situated on US Hwy 301 with a traffic count of 24,500 AADT (2023).
- Corner Lot: Freestanding building located on a corner lot.
- Proximity to Post Office: Located next to the post office.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,721
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,420
$714.4K
Cap Rate 7%
$510,300
$510.3K
Cap Rate 9%
$396,900
$396.9K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$50.4K $16.80/SF
− Vacancy
−$2.8K −$0.92/SF
EGI
$47.6K $15.88/SF
− OpEx
−$11.9K −$3.97/SF
NOI
$35.7K $11.91/SF
Area
Alachua County, FL
Vacancy
5.50%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$714,420
Cap Rate 7%
$510,300
Cap Rate 9%
$396,900
Alternative Uses
Best Use
Specialty Retail
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 4.08%
Second Best
Retail
$467.7K
$409.3K – $545.7K
NOI $32,742 @ 7.0% cap · market cap 3.74%
Theoretical Best
Office A
$756.3K
$661.8K – $882.4K
NOI $52,942 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
93
Businesses Nearby
Explore this area
Business Placement
Demographics for 32694, FL
1,962
Population
1,305
Households
1.5
Avg Household Size
48
Median Age
24%
College-Educated
84%
High-School Grad
29.3 sq mi
ZIP Area
67
Density / Sq Mi
$40,455
Median Household Income
$36,862
Median Earnings
$673
Median Rent
$121,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Gas station - Former C-store/gas station on US Hwy 301 for sale.
Where is this gas station located?
The property is located at 15035 NE US Hwy 301 Waldo, FL.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: High Traffic Location: Situated on US Hwy 301 with a traffic count of 24,500 AADT (2023).; Corner Lot: Freestanding building located on a corner lot.; Proximity to Post Office: Located next to the post office.
