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1800 NE 12Th Ave Gainesville, FL 32641

Outlet malls Google Maps
216,080 SF 31.73 ac lot Built 2008
Individually Owned 19-yr Hold Free & Clear
Estimated value (blended)
$36.04M
Range $32.43M – $39.64M (±10%)
Property ID US18-5301632

Property summary

AI-generated overview

This exceptional 2.23-acre commercial land parcel presents a unique investment opportunity in Gainesville, Florida. Strategically located at the signalized intersection of heavily trafficked State Road 24 and NE 12th Avenue, this outparcel benefits from the significant draw of a Walmart Supercenter anchor tenant. Its prime location offers excellent visibility and accessibility, making it ideal for a variety of commercial uses. The property's zoning is designated as Commercial, allowing for diverse development options. Further enhancing its appeal, the site is conveniently situated just south of Gainesville Regional Airport, providing easy access to transportation networks. The property includes an existing retention pond, simplifying site development and reducing infrastructure costs. This exceptional location, combined with its size and convenient amenities, makes this parcel an attractive investment for developers seeking a high-traffic, high-visibility location in a thriving Florida market. The property is located at 1800 NE 12th Ave, Gainesville, FL 32641, within Alachua County. The lot size is 2.23 acres.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2008
Construction STEEL FRAME
Total area 216,080 SF
Lot 31.73 ac (1,382,159 SF)
Zoning code MU2
APN 10859-010-003
UPID US18-5301632

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Check Cashing
  • (Bike/Boat/Book/etc) Store
  • Garden Center
  • Ophthalmologist (Bike/Boat/Book/etc) Store
  • Mobile Phone Store Electronics & Wireless Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$35.25M
Comparable Approach Comparable
$45.09M
Blend (final) Blend
$36.04M

Owner & transaction history

since 2007
2 recorded transactions
2007
$4.1M
2007
Price N/A

Zoning & alternative use

MU2 · Gainesville, FL
Zoning description

ban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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