Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3Rd Ave Havana, FL 32333

    • Retail properties
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 0 3Rd Ave

    Lot size
    0.84 lot acres
    Property type
    Retail properties
    Property subtype
    Land

    Description

    This exceptional .84-acre parcel presents a unique opportunity for retail development in the thriving Havana, Florida market. Located at the intersection of N Main Street and 3rd Avenue, this strategically positioned site boasts high visibility and accessibility, directly fronting US-27, a major thoroughfare. The property is ideally suited for build-to-suit (BTS) projects or ground lease (GL) arrangements, offering flexibility for various retail concepts. Its prime location offers significant advantages, situated just south of Harvey's Supermarket, soon to be replaced by an ALDI, ensuring high foot traffic and consumer visibility. The land is classified as agricultural, providing potential for a variety of uses subject to local zoning regulations. This is a rare chance to acquire a highly visible and accessible retail site in a growing community. The property's location on a major highway ensures excellent exposure to a large volume of daily traffic. The impending arrival of an ALDI supermarket nearby further enhances the property's desirability and potential for strong returns. Serious inquiries are encouraged to explore the possibilities of this exceptional retail land opportunity. The address is N Main Street & 3rd Ave, Havana, FL 32333.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Havana
    County
    Gadsden
    State
    Florida
    Longitude
    -84.4149
    Latitude
    30.6294

    Comparable in this City

    • Value Estimation by Request
      31.03 Acres

      Hwy 27

      Farms • 31.03 Acres
      0 Hwy 27, Havana, FL 32333
      View Details
    • Value Estimation by Request
      1,378 SF

      109 9th Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,378 SF
      109 9th Ave, Havana, FL 32333-1623
      View Details
    • Value Estimation by Request
      936 SF

      308 Scotland Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 936 SF
      308 Scotland Rd, Havana, FL 32333-4443
      View Details
    • Value Estimation by Request
      6,400 SF

      30 Boyd St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,400 SF
      30 Boyd St, Havana, FL 32333-6369
      View Details
    • Value Estimation by Request
      2,500 SF

      4838 Fairbanks Fry Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,500 SF
      4838 Fairbanks Fry Rd, Havana, FL 32333-5059
      View Details
    • Value Estimation by Request
      8,256 SF

      Shady Rst Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,256 SF
      Shady Rst Rd, Havana, FL 32333
      View Details

    Similar Nearby for Sale

    • $475,000
      31.03 Acres

      Hwy 27 North Commercial Land

      31 Acres, US 27 Frontage, Development Ready
      0 Us Highway 27, Havana, FL 32333
      View Details
    • $539,900
      36.00 Acres

      36 Acres with Multiple Zoning Options

      Land with urban, commercial, and municipal zoning, water & sewage.
      Fla-Ga-Hwy Hwy, Havana, FL 32333
      View Details
    • $240,000
      3.81 Acres

      Midway Industrial Land: 3.81 Acres

      Prime Gadsden County industrial land, excellent location.
      0 Riv Birch Rd, Havana, FL 32333
      View Details
    • $35,000
      0.35 Acres

      Land For Sale, Havana, FL

      Land with well, septic tank, and power pole.
      Fla-Ga Hwy, Havana, FL 32333
      View Details
    • $89,900
      10.79 Acres

      Havana Land with Lake View

      16.22-acre parcel with lake view in Twin Ponds community.
      420 Stillwater Ln, Havana, FL 32333
      View Details
    • $45,000
      0.58 Acres

      Havana, FL Land Parcel

      Land parcel available in Havana, Florida, ready for development.
      48 Bluebird Ct, Havana, FL 32333
      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.
    3Rd Ave
    Havana, FL 32333
    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.