Property profile

2559 18th Ter Gainesville, FL 32609

OFF-MARKET
Warehouses
Property ID
US18-0466301
5,613 SF 1.38 ac lot Built 2020
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2020
Construction STEEL FRAME
Total area 5,613 SF
Lot 1.38 ac (60,113 SF)
Zoning code I2
APN 08198-004-002
UPID US18-0466301

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • HVAC Service General Contractor

Location

2559 18th Ter Gainesville, FL 32609-3286
Gainesville metro Census 400 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$630k
Comparable Approach Comparable
$839k
Blend (final) Blend
$785k

Owner & transaction history

since 2006
1 recorded transaction
2006
$232,000

Zoning & alternative use

I2 · Gainesville, FL
Zoning description

The intent of this zone is to provide alcoholic beverage establishment, business services, carwash, drive through facility, emergency shelter, equipment sales, rental and leasing, heavy.

General category INDUSTRIAL
Top alternative use upside
Office building $1.1M +78.4%
Retail stores $880,000 +38.2%
Medical building $825,000 +29.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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