Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1206 University Ave Gainesville, FL 32601-5108
    Property profile & analytics

    1206 University Ave, Gainesville, FL 32601-5108

    View on Map
    • Drive through restaurants
    • 4,874 SF
    • 0.64 lot acres
    Off-Market
    Property ID
    US19-0838207
    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.
    Value Estimations
    $1,325,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • McDonald's / Restaurant / Take-out & Catering

    Property Details for 1206 University Ave

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    0.64 lot acres
    Zone code
    PD
    Property type
    Drive through restaurants
    APN
    13996-000-000
    APU
    13996000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 17, 2006 — Razvi Ents LLC A To Z Ents LLC Quit Claim Deed · related —
    Oct 1, 2004 — Motiva Ents LLC Star Ent Quit Claim Deed · related —
    Oct 1, 2004 $725,000 A To Z Ents LLC Motiva Ents LLC Grant Deed —
    Dec 31, 1988 $681,721 Star Enterprise Owner Name Unavailable Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,316,000
      Market price range: $448k - $1.32M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,360,000
      Current use
      RETAIL STORES
      $1,875,000
      Change: +38% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3374
    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
    $78,594
    $2,509,056
    $994,225
    $3,503,281
    -
    $2,509,056
    $994,225
    $3,503,281

    Comparable in this City

    • Value Estimation by Request
      440 SF

      104 1st Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      104 1st Ave, Gainesville, FL 32601-6824
      View Details
    • Value Estimation by Request
      835 SF

      912 University Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      912 University Ave, Gainesville, FL 32601-5114
      View Details
    • Value Estimation
      $925,000
      3,959 SF

      20 16th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      20 16th Ave, Gainesville, FL 32601-3762
      View Details
    • Value Estimation by Request
      1,156 SF

      201 2nd Ave Ste, Unit 106

      DRIVE-THRU RESTAURANT, FAST FOOD
      201 2nd Ave Ste, Gainesville, FL 32601-5807
      View Details
    • Value Estimation
      $595,000
      2,088 SF

      1 10th Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      1 10th Ave, Gainesville, FL 32601-2303
      View Details
    • Value Estimation
      $600,000
      2,108 SF

      826 University Ave

      DRIVE-THRU RESTAURANT, FAST FOOD
      826 University Ave, Gainesville, FL 32601-5115
      View Details

    Similar Nearby for Sale

    • $750,000
      6,019 SF

      Gainesville Mixed-Use Restaurant Opportunity

      6,019 SF mixed-use building in Gainesville's Grove Street District.
      519 NW 10Th Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing
      1,571 SF

      Cabana Themed Bar For Sale

      Operating bar business and lease for sale in Gainesville, FL.
      223 S Main St, Gainesville, FL 32601
      View Details
    • $750,000

      Gainesville Mixed-Use Corner Opportunity

      Mixed-use building in Grove Street District ready for build-out.
      519 NW 10Th Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing
      4,650 SF

      Mixed-Use Development Site For Sale

      Mixed-use development site near Depot Park, suitable for various businesses.
      1529 S Main St, Gainesville, FL 32601
      View Details
    • Contact for pricing
      4,650 SF

      Mixed-Use Development Site For Sale

      Mixed-use development site near Depot Park, suitable for various businesses.
      1529 S Main St, Gainesville, FL 32601
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,200 SF

      Free-Standing Building with Drive-Thru

      10,160 SF building with drive-thru on 1.24 acres.
      901 N Main St, Gainesville, FL 32601
      View Details
    • $20 SF/Yr
      2,430 SF

      Former Restaurant Space For Lease

      Restaurant space for lease near University of Florida and downtown.
      706 W University Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing

      Former Restaurant Space For Lease

      Shell space with high visibility near University of Florida.
      706 W University Ave, Gainesville, FL 32601
      View Details
    • $25 SF/Yr
      2,061 SF

      Prime Gainesville Retail/Office Space

      High-visibility commercial suite between UF and downtown Gainesville.
      491 W University Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing

      Prime Retail Space in Gainesville

      High-visibility retail spaces available in thriving Gainesville location.
      13 Northwest 8Th Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing
      1,105 SF

      Retail Space Near University Campus

      Retail space available near the University of Florida campus.
      1111 W University Ave, Gainesville, FL 32601
      View Details

    Property Visit Statistics

    • Visits by month
      34.2k
    • Visitors by month
      28.8k
    • Avg Time on site
      16 min
    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.
    1206 University Ave
    Gainesville, FL 32601-5108
    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

    Thank You for Inquiry
    1206 University Ave, Gainesville, FL, 32601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!