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Property profile & analytics
FOR SALE
Warehouses

118 Northwest 8Th Ave Gainesville, FL 32601

22,610 SF 0.95 ac lot Built 1957
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US18-0584902
Property summary
AI-generated overview

This exceptional 28,000-square-foot flex space property, formerly an Advance Auto Parts, presents a unique opportunity in Gainesville, Florida. Situated on a one-acre lot at 118 NW 8th Ave, this single-story, Class B building boasts 14-foot ceilings and offers significant flexibility for diverse business needs. The property features two suites, each approximately 14,000 square feet, with a minimum divisible space of 3,000 square feet. Currently, one unit has 4,000 square feet of restaurant space available. The second unit, a former office furniture store, offers approximately 4,000 square feet of showroom space and 9,000 square feet of warehouse space, ready for immediate occupancy. The warehouse areas include skylights, multiple roll-up doors, and sections with 60-foot clear spans and 16-foot bottom truss heights. The property benefits from 28 parking spaces and four drive-ins. Located in the Grove Street submarket, this highly visible location on NW 6th St, with NW 4th Ave as a cross street, enjoys a prominent frontage and benefits from high traffic counts (17,200 ADT in 2019). The U8 zoning allows for a wide range of uses, including flex space, office, retail, distribution, and more. Its proximity to downtown Gainesville, the University of Florida, and the Santa Fe College expansion makes it an exceptionally desirable location. The surrounding area is experiencing significant growth, with nearby amenities including restaurants, breweries, and entertainment venues. This property is available for lease.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1957
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 22,610 SF
Lot 0.95 ac (41,382 SF)
Zoning code U8
APN 10036-000-000
UPID US18-0584902
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • UPS Access Point location Courier Service Postal Service
  • Alliance Towing & Roadside SVS Auto Repair Shop
  • White Auto Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.29M
Blend (final) Blend
$1.80M
Owner & transaction history
118 Nw 8th Avenue LLC · 4 yrs held
118 Nw 8th Avenue LLC
since 2021
7 recorded transactions
2025
Price N/A
2021
Price N/A
2020
$900,000
2010
$406,300
2005
Price N/A
2005
Price N/A
2001
$334,300
Zoning & alternative use
U8 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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