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Property profile & analytics
FOR SALE
Drive through restaurants

1818 NE Waldo Rd Gainesville, FL 32609

572 SF 0.2 ac lot Built 1985
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US18-4821170
Property summary
AI-generated overview

This Gainesville, Florida restaurant boasts a prime location on Waldo Road, enjoying over 30,000 average daily vehicles. The 1,000 square foot single-tenant building features a highly visible, grandfathered lollipop sign and over 150 linear feet of road frontage, ensuring maximum exposure. The well-designed layout includes a spacious kitchen equipped with a 12-foot hood and various appliances, potentially included in the lease. Previous ownership's operational efficiency is evident in the separate prep and refrigeration areas. Ample shaded outdoor seating enhances customer experience. This turnkey opportunity is ideal for a quick-service restaurant seeking high visibility and established infrastructure in a bustling Alachua County location. The property is situated at 1818 NE Waldo Rd, Gainesville, FL 32609, offering a ready-made space for immediate operation. The existing kitchen equipment provides a significant advantage for a new operator, minimizing initial setup costs. The high traffic count on Waldo Road guarantees a substantial customer base. This is a rare opportunity to acquire a fully functional drive-thru restaurant in a high-demand area. Don't miss this chance to establish your business in a location with proven success.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 572 SF
Lot 0.2 ac (8,712 SF)
Zoning code MU1
APN 10757-000-000
UPID US18-4821170
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sublime Tacos Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$225k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$185k
Owner & transaction history
Sublime Tacos LLC · 4 yrs held
Sublime Tacos LLC
since 2022
Last sale
$225,000
2 recorded transactions
2022
$225,000
2015
$75,000
Zoning & alternative use
MU1 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

4 U5 Urban 5 U6 Urban 6 U7 Urban 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 MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park BUS General Business…

Zone name Mixed Use Low Intensity
General category MIXED_USE
Zone area 349.94 ac
Source code of ordinances
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