Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23641 Us Hwy 27 High Springs, FL 32643-2102

    • Retail space
    • 3,117 SF
    • 0.34 lot acres
    OFF-MARKET
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4732781
    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

    • Retail space

    Property Details for 23641 Us Hwy 27

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.34 lot acres
    Property size
    3,117 SF
    Zone code
    C2
    Property type
    Retail space
    APN
    00623-000-000
    APU
    623000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $565,000
      6.5%
      $525,000
      7%
      $485,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $515,000
      Market price range: $194k - $515k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $570,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $600,000
      Change: +5% Conversion: Moderate
      OFFICE BUILDING
      $470,000
      Change: -18% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    High Springs
    County
    Alachua
    State
    Florida
    Longitude
    -82.5973
    Latitude
    29.8269
    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
    $11,653
    $125,888
    $321,988
    $447,876
    -
    $125,888
    $321,988
    $447,876

    Comparable in this City

    • Value Estimation by Request
      468 SF

      25113 Us Hwy 27

      RETAIL STORES (PERSONAL SERVICES) • 468 SF
      25113 Us Hwy 27, High Springs, FL 32643-2141
      View Details
    • Value Estimation by Request
      1,525 SF

      18556 High Spgs Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,525 SF
      18556 High Spgs Main St, High Springs, FL 32643-0005
      View Details
    • Value Estimation by Request
      3,871 SF

      18645 High Spgs Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,871 SF
      18645 High Spgs Main St, High Springs, FL 32643-0039
      View Details
    • Value Estimation by Request
      4,620 SF

      18493 High Spgs Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,620 SF
      18493 High Spgs Main St, High Springs, FL 32643-0546
      View Details
    • Value Estimation by Request
      1,629 SF

      23288 186th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,629 SF
      23288 186th Ave, High Springs, FL 32643-0670
      View Details
    • Value Estimation by Request
      1,818 SF

      18758 High Spgs Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,818 SF
      18758 High Spgs Main St, High Springs, FL 32643-0094
      View Details

    Similar Nearby for Sale

    • $425,000

      Restored Victorian Mixed-Use Property

      Restored Victorian property in downtown High Springs with commercial potential.
      18741 High Spring Main St, High Springs, FL 32643
      View Details
    • $599,900

      Historic Commercial Building in High Springs

      7,620 SF commercial building in the heart of High Springs.
      18493 High Spring Main St, High Springs, FL 32643
      View Details
    • $1,300,000
      11,992 SF

      High Springs Industrial Flex Space

      11,992 SF Flex Building, High Springs, FL
      25845 Us Highway 27, High Springs, FL 32643
      View Details
    • $1,750,000

      Archer, FL Industrial Land Parcels

      Two contiguous industrial parcels totaling 143.41 acres in Archer, FL.
      102 SW County Road 18, High Springs, FL 32643
      View Details
    • $698,000

      High Springs Manufactured Home Park

      15-unit manufactured home park near Santa Fe River.
      22087 Us 441, High Springs, FL 32643
      View Details
    • $750,000
      Pending

      40 Acres in Cinnamon Hills

      Prime acreage in gated community, ideal for development or personal use.
      16604 NW State Road 45, High Springs, FL 32643
      View Details

    Similar Nearby for Lease

    • $47,400

      Retail Space For Rent

      Retail space available for lease.
      19808 N Us Highway 441, High Springs, FL 32643
      View Details
    • $15 SF/Yr
      5,956 SF

      High Springs Retail Space For Lease

      Downtown High Springs, 5,956 sq ft, Single Tenant
      18646 High Spring Main St, High Springs, FL 32643
      View Details
    • Contact for pricing

      Highway Frontage Land For Lease

      Up to 5.62 acres available on Highway 441.
      16958 NW Us Highway 441, High Springs, FL 32643
      View Details
    • $35,000

      High Springs MU-1 Land Lease

      MU-1 land available for long-term ground lease in High Springs.
      17825 NW Us Highway 441, High Springs, FL 32643
      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.
    23641 Us Hwy 27
    High Springs, FL 32643-2102
    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

    Google sign-in failed. Please try again or use another login method.