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Property profile

118 Northwest 8Th Ave Gainesville, FL 32601

FOR SALE
Other warehouses
Property ID
US18-0584902
22,610 SF 0.95 ac lot Built 1957
Last sale Dec 2020 · $900,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This commercial property is located in Downtown Gainesville and is positioned on a 0.95-acre corner lot with frontage of 225 feet on NW 2nd Ave and 213 feet on NW 8th Ave. It offers a total leasable area of approximately 4,080 to 15,673 square feet, configured to support multiple leasing configurations. The building is situated within Downtown Gainesville’s retail district, and the surrounding area is walkable, with a Walk Score of 82. The site is on nearby roads carrying daily vehicle traffic…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$25k
Tax billed · 2023
Assessed value$1.02M
Assessed land$497k
Assessed improvement$524k
Effective rate2.40%

Value estimate

· Oct 2026
$595k
$536k – $655k
Submarket $/SF estimate$1.29M
NOI build-up
Gross scheduled income$468k
Vacancy & credit loss−$30k
Operating expenses−$131k
NOI · 8.28% cap applied$306k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$126/SF
Submarket average, outlier-cleaned · 106 recorded sales of this use type
Observed band · Q1–Q3$56 – $236

Cap rate analysis

How does the asset earn?
8.28%
$306k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
U8
Consists of higher density mixed use buildings that accommodate retail, offices, and apartments.
General categoryMIXED_USE
JurisdictionALACHUA

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service18.0
Electrical Service15.8
Dental Office15.6

Location

118 Northwest 8Th Ave Gainesville, FL 32601
County assessor Recorded deeds · 7 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
325 10th, Gainesville, FL 32601-4236 $800,000 Nov 2023 14,244 SF
1125 8th, Gainesville, FL 32601-4575 $3,200,000 Sep 2023 29,935 SF
1040 Main, Gainesville, FL 32601-7988 $600,000 Aug 2023 6,101 SF
616 Main, Gainesville, FL 32601-5327 $650,000 Nov 2022 5,840 SF
944 4th, Gainesville, FL 32601-8003 $215,000 Oct 2020 7,700 SF
704 Main, Gainesville, FL 32601-6718 $250,000 Aug 2019 6,288 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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