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    15035 NE Us Highway 301 Waldo, FL 32694
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    Property profile & analytics

    15035 NE Us Highway 301, Waldo, FL 32694

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    • Grocery and convenience stores
    • 3,330 SF
    • 0.47 lot acres
    For Sale
    $875,000
    View Listing →
    Freestanding Building on Corner Lot For Sale
    $875,000
    3,000 SF

    Freestanding Building on Corner Lot

    Former C-store/gas station on US Hwy 301 for sale.

    15035 NE US Hwy 301, Waldo, FL 32694
    View Listing
    Property ID
    US19-0903618
    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

    • Grocery and convenience stores

    Property Details for 15035 NE Us Highway 301

    Year built
    1996
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.47 lot acres
    Zone code
    COMM
    Property type
    Grocery and convenience stores
    APN
    17064-001-000
    APU
    17064001000

    Description

    This exceptional 3,000 square foot retail property, located at 15035 NE US Hwy 301 in Waldo, Florida (32694), presents a compelling value-add investment opportunity. Situated on a 0.47-acre corner lot, this freestanding building boasts a highly visible location next to the post office, ensuring maximum exposure. Previously utilized as a convenience store and gas station, the property is currently vacant, offering a blank canvas for redevelopment. All underground fuel tanks have been removed, simplifying the redevelopment process. The property benefits from significant traffic volume, with a 2023 AADT (Average Annual Daily Traffic) count of 24,500 vehicles on US Hwy 301. The building, constructed in 1996, features two stories and is zoned COMM. The asking price is $875,000, translating to $291.67 per square foot. This represents a unique chance to acquire a strategically positioned retail space in a high-traffic area with significant redevelopment potential. The Alachua County property (APN: 17064-001-000) offers a single tenancy and is ready for its next chapter. Don't miss this chance to capitalize on this prime location.

    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
    Waldo
    County
    Alachua
    State
    Florida
    Longitude
    -82.1671
    Latitude
    29.7932
    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
    $7,444
    $37,875
    $231,837
    $269,712
    -
    $37,875
    $231,837
    $269,712

    Comparable in this City

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      2,224 SF

      14485 Cole St

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      14485 Cole St, Waldo, FL 32694-4722
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    • Value Estimation by Request
      9,645 SF

      17276 Us Hwy 301

      GROCERY, SUPERMARKET
      17276 Us Hwy 301, Waldo, FL 32694-4612
      View Details
    • Value Estimation
      $620,000
      3,339 SF

      15295 Us Hwy 301

      GROCERY, SUPERMARKET
      15295 Us Hwy 301, Waldo, FL 32694-4081
      View Details
    • Value Estimation by Request
      2,250 SF

      14676 Kennard St

      RETAIL STORES (PERSONAL SERVICES)
      14676 Kennard St, Waldo, FL 32694
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    • Value Estimation by Request
      2,626 SF

      14720 Waldo Rd

      RETAIL STORES (PERSONAL SERVICES)
      14720 Waldo Rd, Waldo, FL 32694-4039
      View Details
    • Value Estimation by Request
      2,358 SF

      14655 Kennard St

      RETAIL STORES (PERSONAL SERVICES)
      14655 Kennard St, Waldo, FL 32694
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,000 SF

      Freestanding Building on Corner Lot

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      15035 NE Us Highway 301, Waldo, FL 32694
      View Details
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      Highway Frontage Automotive Property

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      Freestanding Building on Corner Lot

      Former C-store/gas station on US Hwy 301 for sale.
      15035 NE Us Highway 301, Waldo, FL 32694
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      1,664 SF

      Historic Church and Rectory ForSale

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      Freestanding Building on Corner Lot

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    View Listing
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    Waldo, FL 32694
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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.

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    15035 NE Us Highway 301, Waldo, FL, 32694
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