Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1516 N MAIN STREET Gainesville, FL 32601

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,500,000

    Corner car lot with prominent signage on Auto Row.

    Type:Commercial/Industrial
    Property size:
    584 SF
    Lot size:
    0.55 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    24
    Last Refresh:
    Feb 10 at 11:25 am

    Property Features for 1516 N MAIN STREET

    General Information

    Standard status
    Active
    Size
    584 SF
    Lot size
    0.55 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Jahan Rajaee
    Jahan Rajaee

    Listing agent Jahan Rajaee License #3526679

    Listing office RAJAEE REAL ESTATE LLC

    Listing date Mar 24, 2026

    Source Exitrealty

    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 RAJAEE REAL ESTATE LLC

    Overview

    High Visibility Corner Car Lot

    This high visibility corner car lot features prominent signage and is situated on Auto Row. The property is located in close proximity to Publix, Tom Petty Park, and a middle school. It is approximately 5 minutes from the University of Florida and 10 minutes from Gainesville Regional Airport. The flexible U8 Zoning allows for drive-thru and freestanding retail uses. The property size is 584 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pledge 5 Foundation Charitable Organization Toyland of Gainesville, Inc Car Dealership Just Right Detailing Car Wash

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Parks Ford Lincoln Service — 3333 N Main St, Gainesville, FL 32609
    • Vibrant Vinyl Works LLC — 1952 N Main St, Gainesville, FL 32609
    • Audi on demand Car Rental — 1920 N Main St, Gainesville, FL 32609

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3247821
    Latitude
    29.6662645

    Nearby Similar for Sale

    • $750,000
      6,019 SF

      Gainesville Mixed-Use Restaurant Opportunity

      6,019 SF mixed-use building in Gainesville's Grove Street District.
      519 NW 10TH AVENUE, GAINESVILLE, FL 32601
      View Details
    • $499,000
      1,849 SF

      Gainesville Office Space Near University

      Professional office space near University of Florida, ample parking.
      1216 NW 9TH AVENUE, GAINESVILLE, FL 32601
      View Details
    • $600,000
      1,584 SF

      Gainesville Dental Practice with Real Estate

      Turnkey dental practice with real estate included in Gainesville, Florida.
      4130 NW 37TH PLACE, GAINESVILLE, FL 32606
      View Details
    • $5,100,000
      23,674 SF

      Gainesville Retail Investment Opportunity

      Fully leased shopping center in a desirable Gainesville location.
      618 NW 60TH STREET, GAINESVILLE, FL 32607
      View Details
    • $625,000
      3,705 SF

      Gainesville Industrial Opportunity Zone Parcels

      Three contiguous parcels with office buildings and vacant industrial lot.
      2720 NE 20TH WAY, GAINESVILLE, FL 32609
      View Details
    • $899,999
      5,881 SF

      Gainesville Office Investment Opportunity

      Office investment property near the University of Florida.
      1103 NW 13TH STREET, GAINESVILLE, FL 32601
      View Details
    • $795,000
      3,991 SF

      Gainesville Horse Property with Pond

      10-acre horse property with barn, pond, and updated home.
      10720 NW 53RD TERRACE, GAINESVILLE, FL 32653
      View Details
    • $249,000
      1,671 SF

      Redecorated Office in Professional Complex

      Professional office space with five private offices and ample parking.
      1204 NW 69TH TERRACE, GAINESVILLE, FL 32605
      View Details
    • $690,000
      2,854 SF

      Historic Queen Anne Duplex

      Charming duplex in Duckpond, Gainesville, near downtown and UF.
      306 NE 3RD STREET, GAINESVILLE, FL 32601
      View Details
    • $1,625,000
      12,360 SF

      Gainesville Warehouse with Office Space

      Industrial/flex property with warehouse and office space for sale.
      2300 NW 71ST PLACE, GAINESVILLE, FL 32653
      View Details
    • $399,000
      1,873 SF

      Gainesville Medical Office Opportunity

      Established Gainesville office condo with convenient access and functional layout.
      230 NW 76TH DRIVE, GAINESVILLE, FL 32607
      View Details
    • $800,000
      3,780 SF

      Gainesville Retreat Center on 5 Acres

      Licensed lodging with walking trails, meditation garden, and outdoor entertaining.
      1551 SE 51ST STREET, GAINESVILLE, FL 32641
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Corner car lot with prominent signage on Auto Row.
    Where is this parking lot & garage located?
    The property is located at 1516 N MAIN STREET Gainesville, FL.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: High visibility corner lot on Auto Row.; Flexible U8 Zoning allows drive‑thru and freestanding retail.; Prominent signage.
    (352) 256-3780
    We can help!
    Listing Contact
    Jahan Rajaee
    Jahan Rajaee
    Real Estate License ID: 3526679
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!