Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    3920 38Th St Gainesville, FL 32608

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3920 38Th St Gainesville, FL 32608

    View on Map
    • Land
    • 1.10 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 3920 38Th St

    Lot size
    1.10 lot acres
    Property type
    Land

    Description

    This 1.1-acre parcel presents a remarkable opportunity for development in Gainesville, Florida. Located at 3920 SW 38th Street, in Alachua County, zip code 32608, this property is ideally situated in a high-traffic area along Archer Road, known as Gainesville's Retail Row. The site's strategic position offers excellent visibility and accessibility, making it suitable for a diverse range of projects. The property is directly adjacent to an established strip center anchored by popular businesses including Pita Pit, Chipotle, Brass Tap, Bento Cafe, and Mochi, ensuring high foot traffic and consumer visibility. This proposed development site can accommodate various building sizes, ranging from approximately 2,000 square feet to 10,000 square feet, with the potential for second-floor storage. The asking price for this exceptional 1.1-acre lot is $1,100,000. This land offers a unique chance to establish a retail business, a residential development, or a mixed-use concept in a thriving Gainesville commercial corridor. The property's location and potential make it an attractive investment for developers seeking a prime location with high growth potential. The coordinates are 29.617583 latitude and -82.381511 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3815
    Latitude
    29.6176

    Comparable in this City

    • Value Estimation by Request
      10.00 Acres

      5881 34Th St

      Land • 10.00 Acres
      5881 34Th St, Gainesville, FL 32608
      View Details
    • Value Estimation by Request
      18.00 Acres

      1602 Williston Rd

      Land • 18.00 Acres
      1602 Williston Rd, Gainesville, FL 32608
      View Details
    • Value Estimation by Request
      3,432 SF

      1602 Williston Rd Gainesville

      Multifamily properties • 3,432 SF
      1602 Williston Rd Gainesville, Gainesville, FL 32608
      View Details
    • Value Estimation by Request
      106.00 Acres

      8656 75Th St

      Land • 106.00 Acres
      8656 75Th St, Gainesville, FL 32608
      View Details
    • Value Estimation by Request

      8717 Archer Rd

      Land
      8717 Archer Rd, Gainesville, FL 32608
      View Details
    • Value Estimation by Request
      8.04 Acres

      7816 Archer Rd

      Land • 8.04 Acres
      7816 Archer Rd, Gainesville, FL 32608
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      10 Acres Near I-75

      10 acres of land across from Florida Farm Bureau Building.
      5881 SW 34Th St, Gainesville, FL 32608
      View Details
    • $223,600
      3.07 Acres

      Gainesville Land Near University of Florida

      3.07 acres near University of Florida, partially fenced and cleared.
      SW 17Th Ter, Gainesville, FL 32608
      View Details
    • Contact for pricing

      73 Acres Near Paynes Prairie

      Two parcels totaling 73 acres near Paynes Prairie.
      4707 SW 13Th St, Gainesville, FL 32608
      View Details
    • $300,000

      2400 SW 23RD Ter, Gainesville, FL 32608

      Land
      2400 SW 23Rd Ter, Gainesville, FL 32608
      View Details
    • $245,000

      Gainesville Land For Sale

      Land available near Gainesville Country Club.
      7505 SW 35Th Way, Gainesville, FL 32608
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land on Archer

      0.47 acre commercial land with drive-thru approval on Archer Road.
      SW 37Th Blvd, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Commercial Land at Lighted Intersection

      Outparcels available at a lighted intersection in Gainesville, FL.
      5148 SW 34Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Pad Ready Outparcel For Rent

      1.78 acre pad ready outparcel at lighted intersection.
      34 SW 34Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Land for Rent

      Commercial land available for rent on SW Archer Rd.
      SW Archer Rd, Gainesville, FL 32608
      View Details
    • $1,400 /Mo
      1,122 SF

      Gainesville Mixed-Use Space For Rent

      Office, retail, or service space in high-traffic Haile Village.
      4936 SW 91St Ter, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Office Suites Near Archer Road

      Office suites available in a sought-after Gainesville location.
      3434 SW 24Th Ave, Gainesville, FL 32608
      View Details
    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.
    3920 38Th St
    Gainesville, FL 32608
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!