Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    230 16th Ave Gainesville, FL 32601-3778
    Property profile & analytics

    230 16th Ave, Gainesville, FL 32601-3778

    View on Map
    • Retail space
    • 5,888 SF
    • 0.53 lot acres
    Off-Market
    Last Sale Nov 12, 2024
    $500,000
    Property ID
    US18-0330589
    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
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dogs Rule / Kennel & Boarding Facility

    Property Details for 230 16th Ave

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.53 lot acres
    Zone code
    BUS
    Property type
    Retail space
    APN
    10249-002-000
    APU
    10249002000

    Description

    This exceptional 5,888-square-foot warehouse, situated on a 0.53-acre lot in Gainesville, Florida, presents a remarkable investment opportunity. Built in 1964 and renovated in 2019, this single-story Class C building boasts flexible BUS zoning, allowing for a diverse range of uses. Currently configured as an animal grooming and boarding facility, the property offers a seamless transition to various other commercial ventures, including retail, office, medical, or mixed-use developments. Key features include a gated entry, a convenient 10-space parking lot, an in-ground pool, and a dog run, all situated within a fully air-conditioned space. The property's open floor plan adaptability makes it exceptionally versatile. While currently vacant, a potential tenant is available to continue the existing business, offering a unique turn-key option for the right buyer. This prime commercial property, located at 230 NE 16th Ave, Gainesville, FL 32601 (APN: 10249-002-000), represents an unparalleled chance to acquire a well-maintained, adaptable space in a desirable location. The property's existing infrastructure, including the air conditioning and outdoor amenities, significantly reduces the cost and time associated with renovations. This is a rare opportunity to acquire a versatile property with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $383,000
      Market price range: $383k - $1.19M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3221
    Latitude
    29.6671
    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
    $6,762
    $115,434
    $157,109
    $272,543
    -
    $115,434
    $157,109
    $272,543

    Comparable in this City

    • Value Estimation
      $980,000
      6,500 SF

      1122 University Ave

      RETAIL STORES (PERSONAL SERVICES)
      1122 University Ave, Gainesville, FL 32601-5110
      View Details
    • Value Estimation
      $920,000
      662 SF

      607 University Ave

      RETAIL STORES (PERSONAL SERVICES)
      607 University Ave, Gainesville, FL 32601-5155
      View Details
    • Value Estimation by Request
      3,147 SF

      406 5th Ave

      RETAIL STORES (PERSONAL SERVICES)
      406 5th Ave, Gainesville, FL 32601-5237
      View Details
    • Value Estimation
      $1,905,000
      10,677 SF

      1011 University Ave

      RETAIL STORES (PERSONAL SERVICES)
      1011 University Ave, Gainesville, FL 32601-5113
      View Details
    • Value Estimation by Request
      3,040 SF

      1527 6th St

      RETAIL STORES (PERSONAL SERVICES)
      1527 6th St, Gainesville, FL 32601-4000
      View Details
    • Value Estimation by Request
      1,566 SF

      1213 6th St

      RETAIL STORES (PERSONAL SERVICES)
      1213 6th St, Gainesville, FL 32601-4246
      View Details

    Similar Nearby for Sale

    • $750,000
      6,019 SF

      Gainesville Mixed-Use Restaurant Opportunity

      6,019 SF mixed-use building in Gainesville's Grove Street District.
      519 NW 10Th Ave, Gainesville, FL 32601
      View Details
    • $1,900,000

      Multi-Tenant Industrial Building For Sale

      19,374± SF multi-tenant industrial building in Gainesville, Florida.
      250 SE 10Th Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing
      1,742 SF

      Downtown Gainesville Retail Condo

      Two-level, 1,742 sq ft retail condo in downtown Gainesville.
      201 SE 2Nd Ave, Gainesville, FL 32601
      View Details
    • $750,000

      Gainesville Mixed-Use Corner Opportunity

      Mixed-use building in Grove Street District ready for build-out.
      519 NW 10Th Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing
      1,571 SF

      Cabana Themed Bar For Sale

      Operating bar business and lease for sale in Gainesville, FL.
      223 S Main St, Gainesville, FL 32601
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      1,230 SF

      Retail Space in Gainesville, FL

      Retail space for lease near University of Florida.
      704 W University Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing
      1,556 SF

      Retail Space Near University of Florida

      Retail space available across from the University of Florida.
      407 SW 13Th St, Gainesville, FL 32601
      View Details
    • $25 SF/Yr
      2,061 SF

      Prime Gainesville Retail/Office Space

      High-visibility commercial suite between UF and downtown Gainesville.
      491 W University Ave, Gainesville, FL 32601
      View Details
    • $4,000 /Mo
      16,685 SF

      University Avenue Retail/Office/Night Club Space

      High-profile downtown Gainesville location ideal for retail, night club, or office.
      239 W University Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing
      2,297 SF

      Retail Space in Gainesville, FL

      2,297 SF retail space with dedicated entrance and signage.
      15 SW 1St Ave, Gainesville, FL 32601
      View Details
    • Contact for pricing
      1,105 SF

      Retail Space Near University Campus

      Retail space available near the University of Florida campus.
      1111 W University Ave, Gainesville, FL 32601
      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.
    230 16th Ave
    Gainesville, FL 32601-3778
    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

    Thank You for Inquiry
    230 16th Ave, Gainesville, FL, 32601
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!