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    1405 SW 22Nd Pl Gainesville, FL 32608

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    1405 SW 22Nd Pl Gainesville, FL 32608

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    • Commercial land
    Off-Market
    Property ID
    US18-4889059
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 1405 SW 22Nd Pl

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    The parcel is located within the U8: Urban 8 zoning district with endless uses. The list of uses is available. The property has been surveyed and there is a deeded easement to this property. The property is still wooded and undeveloped. It's ready to be transformed into what fits your needs. Not many parcels of this size in the area are available for sale. Close drive to US Hwy 441 / SW 13th St. Property adjoins Lake Shore Towers and is right down the road from Shands Hospital.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3409125
    Latitude
    29.6305795

    Comparable in this City

    • $1,950,000
      Pending

      Gainesville Commercial Development Opportunity

      16.26-acre commercial site in Gainesville, FL, with high visibility.
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    • $1,900,000

      Multifamily Development Site Near UF

      Engineered and entitled multifamily development site near University of Florida.
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    • $1,450,000

      Land Near Butler Plaza

      2.17 acres of land for sale near Butler Plaza.
      4124 Southwest 38Th St, Gainesville, FL 32608
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    • $1,450,000
      1.12 Acres

      Gainesville Land Near Butler Plaza

      2.17 acres across from Butler Plaza, Gainesville, Florida.
      4124 SW 38Th St, Gainesville, FL 32608
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    • $1,200,000

      Commercial Land on US Hwy

      Two building pads available on heavily traveled US Hwy 441.
      6520 NW 13Th St, Gainesville, FL 32608
      View Details

    Similar Nearby for Sale

    • $1,950,000
      Pending

      Gainesville Commercial Development Opportunity

      16.26-acre commercial site in Gainesville, FL, with high visibility.
      000 SW Archer Rd, Gainesville, FL 32608
      View Details
    • $1,900,000

      Multifamily Development Site Near UF

      Engineered and entitled multifamily development site near University of Florida.
      2714 SW 35Th Pl, Gainesville, FL 32608
      View Details
    • $1,450,000

      Land Near Butler Plaza

      2.17 acres of land for sale near Butler Plaza.
      4124 Southwest 38Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Gainesville Development Site For Sale

      Development site near Williston Road/I-75 interchange in SW Gainesville.
      3808 SW Williston Rd, Gainesville, FL 32608
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    • Contact for pricing

      Prime Gainesville Land Opportunity

      Desirable location near UF with diverse development potential.
      3926 SW 13Th St, Gainesville, FL 32608
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Commercial Land on Archer

      0.47 acre commercial land with drive-thru approval on Archer Road.
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      Commercial Land at Lighted Intersection

      Outparcels available at a lighted intersection in Gainesville, FL.
      5148 SW 34Th St, Gainesville, FL 32608
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      Pad Ready Outparcel For Rent

      1.78 acre pad ready outparcel at lighted intersection.
      34 SW 34Th St, Gainesville, FL 32608
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      Land for Rent

      Commercial land available for rent on SW Archer Rd.
      SW Archer Rd, Gainesville, FL 32608
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    • $1,400 /Mo
      1,122 SF

      Gainesville Mixed-Use Space For Rent

      Office, retail, or service space in high-traffic Haile Village.
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    • $1,500 /Mo
      1,523 SF

      Gainesville Office Space For Lease

      Office space for lease near US 441 in Gainesville.
      6505 SW 13Th St, Gainesville, FL 32608
      View Details
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    1405 SW 22Nd Pl
    Gainesville, FL 32608
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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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