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    Property profile & analytics

    1120 University Ave Gainesville, FL 32641-5614

    • Retail space
    • 12,606 SF
    • 1.73 lot acres
    OFF-MARKET
    Value Estimation
    $2,095,000
    Last Sale
    Jun 29, 2023
    $2,075,000
    Location Intelligence
    Property ID
    US18-5380073
    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

    • Walgreens Photo / Photo Lab / Photo Shop
    • FedEx OnSite / Mailing Service
    • COVID-19 Drive-Thru Testing at Walgreens / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store
    • Blue Rhino Propane Exchange / Propane Supplier

    Property Details for 1120 University Ave

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.73 lot acres
    Property size
    12,606 SF
    Zone code
    U7
    Property type
    Retail space
    APN
    11516-000-000
    APU
    11516000000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,070,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,110,000
      6.5%
      $2,190,000
      7%
      $2,145,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,380,000
      Geo Method
      $1,890,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,170,000
      Retail
      $1,885,000
      Mixed-Use
      $2,285,000
      Hospitality
      $2,530,000
      Educational
      $1,880,000
      Residential Income
      $2,520,000
      Energy
      $2,020,000
      Income-Based Land
      $2,130,000
      Food Service
      $2,495,000

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3104
    Latitude
    29.6525
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $34,048
    $753,588
    $686,050
    $1,439,638
    -
    $753,588
    $686,050
    $1,439,638

    Comparable in this City

    • Value Estimation
      $205,000
      1,939 SF

      2005 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,939 SF
      2005 University Ave, Gainesville, FL 32641-5912
      View Details
    • Value Estimation
      $315,000
      4,320 SF

      1907 Hawthorne Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,320 SF
      1907 Hawthorne Rd, Gainesville, FL 32641-7452
      View Details
    • Value Estimation by Request
      1,769 SF

      5412 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,769 SF
      5412 University Ave, Gainesville, FL 32641-6005
      View Details
    • Value Estimation
      $300,000
      2,427 SF

      1821 Hawthorne Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,427 SF
      1821 Hawthorne Rd, Gainesville, FL 32641-7412
      View Details
    • Value Estimation by Request
      917 SF

      117 15th St

      RETAIL STORES (PERSONAL SERVICES) • 917 SF
      117 15th St, Gainesville, FL 32641-7230
      View Details
    • Value Estimation
      $255,000
      3,747 SF

      1308 University Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,747 SF
      1308 University Ave, Gainesville, FL 32641-5713
      View Details

    Similar Nearby for Sale

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      High-visibility commercial building suitable for retail or service-based businesses.
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      Land with excellent visibility and flexible development options.
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      Licensed lodging with walking trails, meditation garden, and outdoor entertaining.
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    • Contact for pricing

      Gainesville Single Family Detached Property

      Single family detached property for sale in Gainesville, Florida.
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    Similar Nearby for Lease

    • $12 SF/Yr
      4,000 SF

      Versatile Flex Space Available

      Adaptable flex space suitable for retail, service, and light industrial.
      2314 NE Waldo Rd, Gainesville, FL 32641
      View Details
    • $10 SF/Yr
      6,400 SF

      Gainesville Commercial Property For Rent

      Commercial property with office and warehouse space, fenced yard.
      3038 NE Waldo Rd, Gainesville, FL 32641
      View Details
    • $1,300,000
      10,022 SF

      Gainesville Flex Space For Rent

      10,022 SF flex space in a prime location.
      7230 W University Ave, Gainesville, FL 32641
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      2.0k
    • Avg Time on site
      31 min
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    Gainesville, FL 32641-5614
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    Realmo Value Estimation

    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.

    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.

    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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