Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1602 SW Williston Rd Gainesville, FL 32608
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1602 SW Williston Rd Gainesville, FL 32608

    View on Map
    • Single family properties
    Off-Market
    Property ID
    US18-2306092
    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

    • Single family properties

    Property Details for 1602 SW Williston Rd

    Property type
    Single family properties
    Property subtype
    Land

    Description

    (Development Opportunity) (Existing Cash Flow) Location Location!!!!! Perfect for Development Property has 2 free standing residential rental properties as well as 3 exiting rental producing billboards. 10 min,. to airport. Go to Google Earth to see how close to University of Florida Campus, UF Health Complexes, VA Hospital, UF Sports Complexes.Foot Ball , Base Ball, Track, The Arts and Preforming Arts, State Parks many Springs Close By, The Ocean and Gulf are approximately 1 1/2 hr either direction, Retirement Oaks Hammock , Lots of Student Housing No Hurricanes, One of the most Beautiful Cities in the State of Florida. Don’t Miss Out on this Golden Opportunity. Prime Property Close to UF and I-75 + US 441-Fantastic Potential. Sale Also includes Two free Standing Rental Properties Property’s are sold as is. (Bring All Offers) Any Questions Please give me a call (+/-20 acres) Zoned R-1A, BP, BR. Parcels #07263-000-000 and 07251-017-000) Thank YOU.

    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
    -82.3429998
    Latitude
    29.616136

    Comparable in this City

    • New
      $300,000
      1.50 Acres

      Prime Land Near UF Campus

      1.5-acre parcel near University of Florida with income-producing residence.
      2400 SW 23Rd Ter, Gainesville, FL 32608
      View Details
    • $1,500,000

      Prime Land Available for Sale

      Land for sale on SW 13th Street, Gainesville, FL.
      3926 SW 13Th St, Gainesville, FL 32608
      View Details
    • $395,000
      Pending

      Gainesville Land For Sale

      Land available in Gainesville, Florida.
      7708 SW 122Nd St, Gainesville, FL 32608
      View Details
    • $223,600
      3.07 Acres

      Gainesville Land Near University of Florida

      3.07 acres near University of Florida, partially fenced and cleared.
      SW 17Th Ter, Gainesville, FL 32608
      View Details
    • Contact for pricing

      73 Acres Near Paynes Prairie

      Two parcels totaling 73 acres near Paynes Prairie.
      4707 SW 13Th St, Gainesville, FL 32608
      View Details

    Similar Nearby for Sale

    • New
      $300,000
      1.50 Acres

      Prime Land Near UF Campus

      1.5-acre parcel near University of Florida with income-producing residence.
      2400 SW 23Rd Ter, Gainesville, FL 32608
      View Details
    • $1,500,000

      Prime Land Available for Sale

      Land for sale on SW 13th Street, Gainesville, FL.
      3926 SW 13Th St, Gainesville, FL 32608
      View Details
    • $395,000
      Pending

      Gainesville Land For Sale

      Land available in Gainesville, Florida.
      7708 SW 122Nd St, Gainesville, FL 32608
      View Details
    • $223,600
      3.07 Acres

      Gainesville Land Near University of Florida

      3.07 acres near University of Florida, partially fenced and cleared.
      SW 17Th Ter, Gainesville, FL 32608
      View Details
    • Contact for pricing

      73 Acres Near Paynes Prairie

      Two parcels totaling 73 acres near Paynes Prairie.
      4707 SW 13Th St, Gainesville, FL 32608
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land at Lighted Intersection

      Outparcels available at a lighted intersection in Gainesville, FL.
      5148 SW 34Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Prime Commercial Land on Archer

      0.47 acre commercial land with drive-thru approval on Archer Road.
      SW 37Th Blvd, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Pad Ready Outparcel For Rent

      1.78 acre pad ready outparcel at lighted intersection.
      34 SW 34Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Land for Rent

      Commercial land available for rent on SW Archer Rd.
      SW Archer Rd, Gainesville, FL 32608
      View Details
    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.
    1602 SW Williston Rd
    Gainesville, FL 32608
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!