Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Kensington South Townhome-Style Condo Title is generated by Realmo AI

    3901 SW 20TH AVENUE 807, Gainesville, FL 32608

    View on Map
    Claim this Listing
    For Sale
    $192,000

    Move-in ready condo near UF, Shands, and Celebration Point.

    Type:Condo/Townhome
    Property size:
    1,176 SF
    Price / SF:
    $163/SF
    Added:
    Mar 23, 2026
    Days on Market:
    75
    Last Refresh:
    Apr 5 at 9:40 pm

    Property Features for 3901 SW 20TH AVENUE 807

    General Information

    Standard status
    Active
    Size
    1,176 SF
    Property subtype
    Condo/Townhome

    Building Details

    Year Built
    2001

    We can help!

    Listing Contact
    Kyle Hoppenworth

    Listing agent Kyle Hoppenworth License #3510656

    Listing office WATSON REALTY CORP- TIOGA

    Listing date Mar 23, 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 WATSON REALTY CORP- TIOGA

    HighLights

    • Move‑in ready 2 bed, 2.5 bath townhome‑style condo.
    • Prime location near UF, Shands, Butler Plaza, and Celebration Point.
    • Enjoy community amenities including a pool, fitness center, clubhouse, and high‑speed internet.
    • Two spacious bedrooms upstairs feature large closets and ensuite bathrooms with updated vanities.
    • Two‑story floor plan with tile flooring downstairs and vinyl wood upstairs.
    • Direct bus routes on SW 20th Ave.

    Overview

    This move-in ready, two-story townhome-style condo is located in Kensington South on SW 20th Ave, offering convenient access to UF, Shands, Butler Plaza, and Celebration Point. The 1,176 square foot residence features two bedrooms and two and a half bathrooms. The first floor includes a large living room, kitchen, half bathroom, laundry room, and access to the back patio. A utility closet houses a washer and dryer, and provides additional storage space. The first floor has title flooring, while the second floor features vinyl wood. Upstairs, two spacious bedrooms each have large closets and ensuite bathrooms with updated vanities. Community amenities include a pool, fitness center, clubhouse, and high-speed internet. Direct bus routes are available on SW 20th Ave. This property presents an opportunity for investment or as a new home.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $20.0k $17.04
    − Vacancy −$1.2k −$1.02
    EGI $18.8k $16.02
    − OpEx −$8.5k −$7.21
    NOI $10.4k $8.81
    1,176 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $148.0K
    $129.5K – $172.7K (±1% cap)
    NOI $10,360 @ 7.0% cap · market cap 5.40%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $291.3K
    $254.9K – $339.8K (±1% cap)
    NOI $20,389 @ 7.0% cap · market cap 10.62%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Kensington South Pool Swimming Pool Kensington South Condominium Complex

    Suggested Use

    Real Estate Agency Law Firm Spa & Massage Center Dental Office Restaurant Hair Salon Nail Salon Building Supply Accounting Firm Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3825947
    Latitude
    29.6335188

    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
    • $670,000
      2,446 SF

      Turnkey Medical Office For Sale

      Prime location medical office near HCA North Florida Regional Medical Center.
      1155 NW 64TH TERRACE, GAINESVILLE, FL 32605
      View Details
    • $479,000
      1,849 SF

      Gainesville Office Space Near University

      Professional office space near University of Florida.
      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
    • $4,900,000
      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
    • $850,000
      5,881 SF

      Gainesville Office Investment Opportunity

      Office investment property near the University of Florida.
      1103 NW 13TH STREET, GAINESVILLE, FL 32601
      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
    • $665,000
      2,854 SF

      Historic Queen Anne Duplex

      Charming duplex in Duckpond, near downtown and University of Florida.
      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
    • $1,700,000
      6,850 SF

      Gainesville Restaurant Opportunity

      Freestanding restaurant near Newberry Road and I-75 in Gainesville.
      526 NW 60TH STREET, GAINESVILLE, FL 32607
      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
    • $675,000
      2,826 SF

      Gainesville Duplex with Income Potential

      High-demand residential income property near campus with detached efficiency.
      1102 NW 3RD AVENUE, GAINESVILLE, FL 32601
      View Details

    FAQs

    What type of property is this?
    Residential income property - Move-in ready condo near UF, Shands, and Celebration Point.
    Where is this residential income property located?
    The property is located at 3901 SW 20TH AVENUE 807 Gainesville, FL.
    What is the asking price?
    The asking price for this property is $192,000.
    What are key features of this property?
    This property features: Move‑in ready 2 bed, 2.5 bath townhome‑style condo.; Prime location near UF, Shands, Butler Plaza, and Celebration Point.; Enjoy community amenities including a pool, fitness center, clubhouse, and high‑speed internet.
    (352) 224-2600
    We can help!
    Listing Contact
    Kyle Hoppenworth
    Real Estate License ID: 3510656
    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

    Thank You for Inquiry
    3901 SW 20TH AVENUE 807, GAINESVILLE, FL 32608
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!