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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2316 NW 6Th St Gainesville, FL 32601

    • Commercial real estate
    For Lease
    View listing
    $1,500 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5342573
    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

    • 66 High Springs Ranch LLC / Ranch
    • Alachua County Feed & Seed / Animal Feed Store / Seed Supplier

    Property Details for 2316 NW 6Th St

    Property type
    Commercial real estate

    Description

    This exceptional 0.46-acre commercial land parcel, located at 2316 NW 6th St, Gainesville, FL 32609, presents a remarkable investment opportunity. Situated on the corner of NW 6th St and NW 24th Ave in Alachua County, this property boasts 150 feet of frontage on NW 6th St, a major thoroughfare connecting Alachua and High Springs to the north and Gainesville's Depot Park and Innovation District to the south. The site is zoned U6 with MU1 (0-30du/ac) Future Land Use designation. With approximately 20,038 square feet, this pad-ready lot offers ample parking and readily available utilities. The high-traffic location benefits from a combined daily traffic count of 26,800 vehicles at the intersection. Previously home to a feed store and sod company, this versatile property is ideal for a variety of commercial uses. The asking price is $294,500, and NNN ground lease options are available. This is a rare opportunity to acquire a well-located, high-visibility commercial property in a rapidly growing area of Gainesville.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.33133973
    Latitude
    29.67443953

    Comparable in this City

    • $1,600,000
      5.76 Acres

      Gainesville Mixed-Use Development Opportunity

      5.76 acres of mixed-use land with existing commercial building.
      2301 NW 6Th St, Gainesville, FL 32609
      View Details
    • $210,000
      0.30 Acres

      Gainesville Infill Development Opportunity

      Development site on 39th Avenue with high traffic volume.
      1202 NW 39Th Ave, Gainesville, FL 32609
      View Details
    • $225,000

      Infill Development Site on 39th

      Development site on a major east-west corridor with high traffic.
      1222 NW 39Th Ave, Gainesville, FL 32609
      View Details
    • $1,500,000

      Commercial Land on NW 39th

      Up to 15 acres available with road frontage.
      NW 39Th Ave, Gainesville, FL 32609
      View Details
    • $1,900,000

      Corner Lot with Business Zoning

      Large corner lot with business zoning suitable for various uses.
      NE 53Rd Ave, Gainesville, FL 32609
      View Details
    • $190,000
      Pending

      Gainesville Land Ready to Build

      Cleared 2.3-acre land parcel near downtown Gainesville.
      2569 NE 9Th St, Gainesville, FL 32609
      View Details

    Similar Nearby for Sale

    • $1,600,000
      5.76 Acres

      Gainesville Mixed-Use Development Opportunity

      5.76 acres of mixed-use land with existing commercial building.
      2301 NW 6Th St, Gainesville, FL 32609
      View Details
    • $210,000
      0.30 Acres

      Gainesville Infill Development Opportunity

      Development site on 39th Avenue with high traffic volume.
      1202 NW 39Th Ave, Gainesville, FL 32609
      View Details
    • $225,000

      Infill Development Site on 39th

      Development site on a major east-west corridor with high traffic.
      1222 NW 39Th Ave, Gainesville, FL 32609
      View Details
    • $1,500,000

      Commercial Land on NW 39th

      Up to 15 acres available with road frontage.
      NW 39Th Ave, Gainesville, FL 32609
      View Details
    • $1,900,000

      Corner Lot with Business Zoning

      Large corner lot with business zoning suitable for various uses.
      NE 53Rd Ave, Gainesville, FL 32609
      View Details
    • $190,000
      Pending

      Gainesville Land Ready to Build

      Cleared 2.3-acre land parcel near downtown Gainesville.
      2569 NE 9Th St, Gainesville, FL 32609
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      2,870 SF

      Prime Alachua County Office Space

      2,870 SF Office Suite - Lease Available
      1830 2Nd St, Gainesville, FL 32609
      View Details
    • $0.90 SF/Yr
      52,272 SF

      Gainesville Industrial Ground Lease

      1.2-acre lot, build-to-suit option.
      4031 6Th St, Gainesville, FL 32609
      View Details
    • Contact for pricing
      5,000 SF

      Gainesville Retail/Medical Building

      Prime 0.78-acre site, 5,000 SF building.
      1601 Main St, Gainesville, FL 32609
      View Details
    • Contact for pricing
      5,967,720 SF

      Ironwood Industrial Park Land

      Gainesville, FL industrial land for sale or lease.
      6310 Waldo Rd, Gainesville, FL 32609
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      High-traffic land suitable for restaurant or retail development.
      2820 NW 13Th St, Gainesville, FL 32609
      View Details
    • $12 SF/Yr
      6,300 SF

      Gainesville Office Space for Lease

      Prime Gainesville location, 2,870 sq ft available.
      1830 2Nd St, Gainesville, FL 32609
      View Details
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    2316 NW 6Th St
    Gainesville, FL 32601
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    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
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