Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2708 Waldo Rd Gainesville, FL 32609-3323
    Back to Search
    Property profile & analytics

    2708 Waldo Rd, Gainesville, FL 32609-3323

    View on Map
    • Warehouses
    • 29,160 SF
    • 5.26 lot acres
    Off-Market
    Last Sale Feb 1, 2025
    $4,850,000
    Property ID
    US19-0510385
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • U-Haul Neighborhood Dealer / Car Rental Facility
    • 6DS, Inc. / Marketing & Advertising / IT Consulting Firm
    • Funnest Tees / (Bike/Boat/Book/etc) Store

    Property Details for 2708 Waldo Rd

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    5.26 lot acres
    Zone code
    BI
    Property type
    Warehouses
    APN
    08199-103-000
    APU
    8199103000

    Description

    This exceptional 58,470 square foot multi-tenant property, located at 2708 NE Waldo Rd in Gainesville, Florida (zip code 32609), presents a unique opportunity for businesses seeking flexible and adaptable space. The property is currently fully vacant and offers a variety of configurations to suit diverse needs. The building boasts a range of uses, including retail, office, and industrial applications, making it ideal for a variety of tenants. Space is divisible down to 3,330 square feet, with a maximum contiguous space of 25,500 square feet. This allows for businesses of various sizes to find a suitable fit. The high ceilings, measuring 11 feet, provide ample vertical space for storage or specialized equipment. Ample parking is available for employees and customers, ensuring convenient access. The property's prime location in Gainesville, Florida offers excellent access to major transportation routes and a thriving local economy. This is a rare opportunity to secure a large, versatile space in a desirable location. Contact us today to learn more about leasing options and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.2954
    Latitude
    29.6778
    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
    $47,957
    $1,099,200
    $741,777
    $1,840,977
    -
    $1,099,200
    $741,777
    $1,840,977

    Comparable in this City

    • Value Estimation
      $2,195,000
      17,436 SF

      1752 23rd Ave

      WAREHOUSE, STORAGE
      1752 23rd Ave, Gainesville, FL 32609-8928
      View Details
    • Value Estimation by Request
      1,000 SF

      4605 6th St Ste C

      WAREHOUSE, STORAGE
      4605 6th St Ste C, Gainesville, FL 32609-1772
      View Details
    • Value Estimation
      $3,290,000
      37,870 SF

      4577 6th St

      WAREHOUSE, STORAGE
      4577 6th St, Gainesville, FL 32609-6300
      View Details
    • Value Estimation by Request
      2,000 SF

      3810 55th Pl

      WAREHOUSE, STORAGE
      3810 55th Pl, Gainesville, FL 32609-1527
      View Details
    • Value Estimation by Request
      1,615 SF

      5610 77th Ave

      WAREHOUSE, STORAGE
      5610 77th Ave, Gainesville, FL 32609-1256
      View Details
    • Value Estimation
      $4,030,000
      94,347 SF

      5901 Waldo Rd

      WAREHOUSE, STORAGE
      5901 Waldo Rd, Gainesville, FL 32609-1662
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,125 SF

      Income-Producing Multi-Tenant Flex Warehouse

      Fully leased flex warehouse with 15 units in Gainesville, FL.
      3033 NE 19Th Dr, Gainesville, FL 32609
      View Details
    • Contact for pricing
      7,680 SF

      Gainesville Flex Space with Roll-Up Doors

      Flex space with high ceilings, roll-up doors, and office area.
      1995 NE 31St Ave, Gainesville, FL 32609
      View Details
    • Contact for pricing

      Freestanding Retail/Flex Building on 13th

      High-visibility Gainesville location with redevelopment potential.
      2929 Northwest 13Th St, Gainesville, FL 32609
      View Details
    • Contact for pricing
      29,390 SF

      Gainesville Industrial Property For Sale

      29390 SF industrial property available in Gainesville, Florida.
      2150 NE 31St Ave, Gainesville, FL 32609
      View Details
    • $425,000

      Gainesville Office/Industrial Building For Sale

      3,168 SF office/industrial building on 0.92 acres for sale.
      4507 NW 5Th Blvd, Gainesville, FL 32609
      View Details

    Similar Nearby for Lease

    • $98,500

      Gainesville Flex Warehouse for Lease

      Flex warehouse with office, storage, and open warehouse space.
      2826 NE Waldo Rd, Gainesville, FL 32609
      View Details
    • $12 SF/Yr

      Gainesville Flex Space For Rent

      Flexible space suitable for showroom, retail, office, or warehouse.
      2322 NE Waldo Rd, Gainesville, FL 32609
      View Details
    • Contact for pricing
      2,240 SF

      Gainesville Flex Warehouse for Lease

      9,850 SF flex warehouse with office and storage space.
      2826 NE Waldo Rd, Gainesville, FL 32609
      View Details
    • $2,250 /Mo
      1,700 SF

      Gainesville Warehouse with Office Space

      Spacious office/warehouse with street frontage in Northwest Gainesville.
      5111 NW 13Th St, Gainesville, FL 32609
      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.
    2708 Waldo Rd
    Gainesville, FL 32609-3323
    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
    2708 Waldo Rd, Gainesville, FL, 32609
    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!