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 Market156
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 #3526679
Source:
Xome
Added: Mar 27
Changed: Aug 25
Last Checked: Aug 29 at 5:53AM
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
