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    Property profile & analytics

    1947 Main St Gainesville, FL 32609-3648

    • Retail space
    • 3,976 SF
    • 0.63 lot acres
    OFF-MARKET
    Value Estimation
    $320,000
    Last Sale
    Mar 28, 2023
    $330,000
    Location Intelligence
    Property ID
    US18-3393411
    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.

    Current Use by Public Records

    • CHAMPIONS BOXING / Boxing Club

    Property Details for 1947 Main St

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.63 lot acres
    Property size
    3,976 SF
    Zone code
    BUS
    Property type
    Retail space
    APN
    10072-002-002
    APU
    10072002002

    Description

    This prominent 3,976 square foot storefront building is situated on a 0.63-acre lot at 1947 N Main St, Gainesville, FL 32609. Boasting over 150 linear feet of frontage, this single-story, 1975-built structure benefits from high visibility and exceptional daily traffic counts exceeding 15,000 vehicles. The property's BUS zoning offers versatile usage options, including automotive sales/rentals, restaurants (with drive-thru potential), car washes, light assembly, and various retail businesses. Its strategic location places it amidst Gainesville's premier dealerships and successful retail centers, and it enjoys close proximity to downtown Gainesville and the University of Florida. The building is currently vacant, presenting a unique owner/user opportunity. The asking price is $750,000, translating to $188.63 per square foot. The Alachua County APN is 10072-002-002. This is a rare opportunity to acquire a well-positioned retail space in a thriving Gainesville market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $330,000

    • CAP approach

      CAP return
      Estimation
      6%
      $315,000
      6.5%
      $260,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $305,000
      Mixed-Use
      $270,000
      Hospitality
      $255,000
      Educational
      $270,000
      Residential Income
      $265,000
      Energy
      $290,000
      Income-Based Land
      $240,000
      Food Service
      $295,000

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3229
    Latitude
    29.6704
    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
    $9,254
    $274,428
    $119,183
    $393,611
    -
    $274,428
    $119,183
    $393,611

    Comparable in this City

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      2225 6th St

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      View Details
    • Value Estimation by Request
      6,605 SF

      1809 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,605 SF
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    • Value Estimation
      $1,940,000
      7,107 SF

      2501 Main St

      RETAIL STORES (PERSONAL SERVICES) • 7,107 SF
      2501 Main St, Gainesville, FL 32609-3005
      View Details
    • Value Estimation
      $215,000
      1,186 SF

      2226 8th Ct

      RETAIL STORES (PERSONAL SERVICES) • 1,186 SF
      2226 8th Ct, Gainesville, FL 32609-8519
      View Details
    • Value Estimation
      $170,000
      3,600 SF

      706 23rd Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      706 23rd Ave, Gainesville, FL 32609-8524
      View Details
    • Value Estimation by Request
      12,563 SF

      1615 13th St

      RETAIL STORES (PERSONAL SERVICES) • 12,563 SF
      1615 13th St, Gainesville, FL 32609-3418
      View Details

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    1947 Main St
    Gainesville, FL 32609-3648
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    Realmo Value Estimation

    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.

    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.

    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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