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    Property profile & analytics

    11109 Us Highway 301 Waldo, FL 32694

    • Manufacturing properties
    • 5,000 SF
    • 7.99 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5948541
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Manufacturing properties

    Property Details for 11109 Us Highway 301

    Year built
    1976
    Lot size
    7.99 lot acres
    Property size
    5,000 SF
    Property type
    Manufacturing properties
    Property subtype
    Distribution centers

    Description

    This exceptional 7.99-acre property in Waldo, Florida, presents a compelling investment opportunity. Located on US Highway 301, it boasts 412 feet of high-visibility frontage, ensuring significant exposure to the over 20,000 vehicles traveling this major thoroughfare daily. The property includes a 6,904 square-foot freestanding building, approximately 5,000 square feet of which is climate-controlled and under air. This building previously included a 1,583 square-foot living area with a kitchen and full bathroom. The property is comprised of two parcels: a 2.31-acre commercial parcel with the building and a 5.68-acre vacant agricultural parcel. Both parcels are included in the sale. The commercial parcel is zoned for Automotive Oriented Business (BA), but the zoning allows for a variety of commercial uses. The agricultural parcel has a septic tank and drain field and is zoned for Timber. The asking price is $535,000, or $107 per square foot. Built in 1976, this single-story building offers significant potential for various commercial ventures. Its proximity to Gainesville Raceway, a popular destination for racing events, further enhances its appeal. The property is currently vacant and ready for immediate occupancy. Buyer to perform all due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waldo
    County
    Alachua
    State
    Florida
    Longitude
    -82.141001362439
    Latitude
    29.757137386749

    Comparable in this City

    • Contact for pricing

      US 301 Waldo Corner Lot

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      Waldo Commercial Land - Hwy 301

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      Former Bar and Lounge

      Former bar and lounge available for sale on Highway 301.
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      0.90 Acres

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      Historic Waldo Church Complex

      Prime Mixed-Use Property, Historic Charm
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      Prime Waldo Retail Corner Lot

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    Similar Nearby for Sale

    • Contact for pricing

      US 301 Waldo Corner Lot

      High-visibility commercial land, ideal location.
      0 148Th Ave, Waldo, FL 32694
      View Details
    • $360,000
      2,664 SF

      Historic Waldo Church Complex

      Prime Mixed-Use Property, Historic Charm
      14245 Cole St, Waldo, FL 32694
      View Details
    • Contact for pricing
      0.90 Acres

      Corner Lot Near Lake Hampton

      0.9-acre corner lot, close to Waldo and Gainesville.
      20220 NE 118Th Ter, Waldo, FL 32694
      View Details
    • $199,000
      19.16 Acres

      Waldo Commercial Land - Hwy 301

      19 Acres, Mixed-Use Potential, Owner Financing
      14821 144Th Ave, Waldo, FL 32694
      View Details
    • $199,000

      Former Bar and Lounge

      Former bar and lounge available for sale on Highway 301.
      19510 NE Us Highway 301, Waldo, FL 32694
      View Details
    • $360,000
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      Historic Waldo Church & Rectory

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      View Details
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    11109 Us Highway 301
    Waldo, FL 32694
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    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
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