Automotive Property on Main
For Sale
$1,990,000
2525 N Main St, Gainesville, FL 32609
Automotive property with long-term lease in prime location.
Property Size5,629 SF
Price / SF$353.53
Days on Market212
Property Features for 2525 N Main St
General Information
Standard status
Active
Size
5,629 SF
Site & Location
Neighborhood
Highland Court Manor
Building Details
Year Built
1963
Listing Agency:
RAJAEE REAL ESTATE LLC
Listed By:
Jahan Rajaee · License #BK3526679
(352) 256-3780
Source:
Livewelltampabay
Added: Mar 31
Changed: Oct 25
Last Checked: Oct 7 at 4:58PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This automotive property is located on N Main Street, situated in the heart of automobile row. The property features a long-term lease with a national brand. The location is considered a Biker's Paradise with a bike score of 98, and a Walker's Paradise with a walk score of 92.
Key Highlights
- Long term lease with a national brand
- Frontage on N Main Street in the heart of automobile row
- Walker's Paradise with a Walk Score of 92
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,684
Cap Rate
3.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,680
$1.2M
Cap Rate 7%
$852,629
$852.6K
Cap Rate 9%
$663,156
$663.2K
Market Conditions
NOI Build-Up for 5,629 SF
Gross rent
$91.2K $16.20/SF
− Vacancy
−$5.9K −$1.05/SF
EGI
$85.3K $15.15/SF
− OpEx
−$25.6K −$4.54/SF
NOI
$59.7K $10.60/SF
Area
Gainesville, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,193,680
Cap Rate 7%
$852,629
Cap Rate 9%
$663,156
Alternative Uses
Best Use
Retail
$852.6K
$746.1K – $994.7K
NOI $59,684 @ 7.0% cap · market cap 3.00%
Second Best
Industrial
$545.5K
$477.3K – $636.4K
NOI $38,182 @ 7.0% cap · market cap 1.92%
Theoretical Best
Office A
$1.39M
$1.22M – $1.63M
NOI $97,593 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
52k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 97%
Home Improvements & Furnishings 2%
Electronics 1%
Ollie's Bargain Outlet
Shops & Services
16,436 visits/mo
0.3 miles
Gatorland Toyota
Shops & Services
7,067 visits/mo
0.2 miles
Family Dollar
Shops & Services
6,694 visits/mo
0.2 miles
Roses Discount Store
Shops & Services
6,159 visits/mo
0.3 miles
Parks Ford of Gainesville
Shops & Services
3,402 visits/mo
0.4 miles
Demographics for 32609, FL
18,322
Population
8,515
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
117.5 sq mi
ZIP Area
156
Density / Sq Mi
$48,121
Median Household Income
$34,041
Median Earnings
$1,159
Median Rent
$174,500
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
Similar Off Market Nearby
- Audi on demand Car Rental — 1920 N Main St, Gainesville, FL 32609
- Vibrant Vinyl Works LLC — 1952 N Main St, Gainesville, FL 32609
- Parks Ford Lincoln Service — 3333 N Main St, Gainesville, FL 32609
- Sunrise Auto Rentals and Sales — 3630 N Main St, Gainesville, FL 32609
- Thrifty Car Rental - Tsh Gainsville TLE — 3620 N Main St, Gainesville, FL 32609
Frequently Asked Questions
What type of property is this?
Automotive property - Automotive property with long-term lease in prime location.
Where is this automotive property located?
The property is located at 2525 N Main St Gainesville, FL.
What is the asking price?
The asking price for this property is $1,990,000.
What are key features of this property?
This property features: Long term lease with a national brand; Frontage on N Main Street in the heart of automobile row; Walker's Paradise with a Walk Score of 92
