Main Street Automotive Investment
For Sale
$2,990,000
2625 MAIN STREET, Gainesville, FL 32609
Fully leased automotive property with frontage on Main Street.
Property Size10,048 SF
Price / SF$297.57
Days on Market209
Property Features for 2625 MAIN STREET
General Information
Standard status
Active
Size
10,048 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$18,851
Amenities
3
215 x 480 x 200 x 571
City Road, Asphalt.
Building Details
Year Built
1984
Listing Agency:
RAJAEE REAL ESTATE LLC
(352) 256-3780
Listed By:
Jahan Rajaee · License #BK3526679
Source:
Xome
Added: Mar 19
Changed: Sep 2
Last Checked: Oct 7 at 2:03PM
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
Investment Insights
Based on property information with market context.
This commercial property is located on Main Street and is fully leased to three tenants. The tenants include two car dealerships and one service shop. The property features large acreage and long storage garage roll-up doors behind one of the car dealerships and a service shop behind the other car dealership. The location has a bike score of 98, indicating it is a biker's paradise, and a walk score of 92, indicating it is a walker's paradise.
Key Highlights
- Main Street Frontage on auto row
- Fully leased to three tenants (two car dealerships and one service shop)
- Large acreage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$106,538
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,130,760
$2.1M
Cap Rate 7%
$1,521,971
$1.5M
Cap Rate 9%
$1,183,756
$1.2M
Market Conditions
NOI Build-Up for 10,048 SF
Gross rent
$162.8K $16.20/SF
− Vacancy
−$10.6K −$1.05/SF
EGI
$152.2K $15.15/SF
− OpEx
−$45.7K −$4.54/SF
NOI
$106.5K $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%
$2,130,760
Cap Rate 7%
$1,521,971
Cap Rate 9%
$1,183,756
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.78M
NOI $106,538 @ 7.0% cap · market cap 3.56%
Second Best
Industrial
$973.7K
$852.0K – $1.14M
NOI $68,156 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,208 @ 7.0% cap · market cap 5.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Fully leased automotive property with frontage on Main Street.
Where is this automotive property located?
The property is located at 2625 MAIN STREET Gainesville, FL.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: Main Street Frontage on auto row; Fully leased to three tenants (two car dealerships and one service shop); Large acreage
