Automotive Property with Car
For Sale
$7,200,000
2810 North Main Street, Gainesville, FL 32609
The property includes a separate auxiliary car wash building and improvements completed in 2008.
Property Size43,271 SF
Days on Market69
Property Features for 2810 North Main Street
General Information
Standard status
Active
Size
43,271 SF
Property subtype
Retail
Building Details
Building Size
43,271 SF
Year Built
2008
Listing Agency:
Bosshardt Realty Services
(954) 551-9846
Listed By:
Dan Drotos · License #FL #BK3255693
(954) 551-9846
Source:
Bosscommercial
Added: Jun 25
Changed: Aug 30
Last Checked: Aug 31 at 2:20PM
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 Bosshardt Realty Services
Investment Insights
Based on property information with market context.
This automotive property at 2810 North Main Street includes improvements constructed in 2008, four roll-up grade-level doors, and a free-standing auxiliary car wash building. The site was formerly occupied by Gainesville BMW and VW, providing an established automotive-use history.
Located on Main Street in Gainesville’s “Auto Row,” the property offers a configuration centered on automotive operations, with the primary improvements complemented by a separate car wash structure. The address is in Gainesville, Florida 32609.
Located on Main Street in Gainesville’s “Auto Row,” the property offers a configuration centered on automotive operations, with the primary improvements complemented by a separate car wash structure. The address is in Gainesville, Florida 32609.
Key Highlights
- Four roll‑up grade‑level doors
- Free‑standing auxiliary car wash building
- Improvements constructed in 2008
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
$515,228
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
7.16%
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%
$10,304,560
$10.3M
Cap Rate 7%
$7,360,400
$7.4M
Cap Rate 9%
$5,724,756
$5.7M
Market Conditions
NOI Build-Up for 43,271 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
$727.0K $16.80/SF
− Vacancy
−$40.0K −$0.92/SF
EGI
$687.0K $15.88/SF
− OpEx
−$171.7K −$3.97/SF
NOI
$515.2K $11.91/SF
Area
Gainesville, 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 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%
$10,304,560
Cap Rate 7%
$7,360,400
Cap Rate 9%
$5,724,756
Alternative Uses
Best Use
Specialty Retail
$7.36M
$6.44M – $8.59M
NOI $515,228 @ 7.0% cap · market cap 7.16%
Second Best
Retail
$6.55M
$5.73M – $7.65M
NOI $458,798 @ 7.0% cap · market cap 6.37%
Theoretical Best
Office A
$10.72M
$9.38M – $12.50M
NOI $750,215 @ 7.0% cap · market cap 10.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
561
Businesses Nearby
53k
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
0.4 miles
Gatorland Toyota
Shops & Services
7,067 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,694 visits/mo
0.3 miles
Roses Discount Store
Shops & Services
6,159 visits/mo
0.4 miles
Parks Ford of Gainesville
Shops & Services
3,402 visits/mo
0.3 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.
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 - The property includes a separate auxiliary car wash building and improvements completed in 2008.
Where is this automotive property located?
The property is located at 2810 North Main Street Gainesville, FL.
What is the asking price?
The asking price for this property is $7,200,000.
What are key features of this property?
This property features: Four roll‑up grade‑level doors; Free‑standing auxiliary car wash building; Improvements constructed in 2008
