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    Property profile & analytics

    2851 35th Dr Gainesville, FL 32608-7749

    • Community centers
    • 66,714 SF
    • 30.27 lot acres
    OFF-MARKET
    Last Sale
    Dec 04, 2024
    Value Estimations
    $5,985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3261189
    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

    • Kendra Scott / (Bike/Boat/Book/etc) Store
    • Foxtail Coffee Co. / Cafe & Coffee Shop
    • Clean Juice Gainsville / Specialty Food Shop / (Bike/Boat/Book/etc) Store
    • The Cheesecake Factory / Restaurant

    Property Details for 2851 35th Dr

    Year built
    2018
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    30.27 lot acres
    Property size
    66,714 SF
    Zone code
    PD
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    06810-001-022
    APU
    6810001022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,809,000
      Market price range: $1.43M - $8.93M

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3761
    Latitude
    29.6263
    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
    $489,423
    $8,570,648
    $11,924,599
    $20,495,247
    -
    $8,570,648
    $11,924,599
    $20,495,247

    Comparable in this City

    • Value Estimation
      $7,335,000
      52,892 SF

      3033 34th St

      MINI-MALL • 52,892 SF
      3033 34th St, Gainesville, FL 32608-1734
      View Details
    • Value Estimation
      $10,875,000
      79,007 SF

      3965 Plz Blvd

      MINI-MALL • 79,007 SF
      3965 Plz Blvd, Gainesville, FL 32608-2443
      View Details
    • Value Estimation
      $2,660,000
      24,000 SF

      4110 34th St

      MINI-MALL • 24,000 SF
      4110 34th St, Gainesville, FL 32608-6566
      View Details
    • Value Estimation
      $6,960,000
      63,500 SF

      3630 Archer Rd

      MINI-MALL • 63,500 SF
      3630 Archer Rd, Gainesville, FL 32608-2420
      View Details
    • Value Estimation by Request
      1,800 SF

      5150 34th St

      MINI-MALL • 1,800 SF
      5150 34th St, Gainesville, FL 32608-5009
      View Details
    • Value Estimation
      $6,090,000
      34,340 SF

      2018 34th St

      MINI-MALL • 34,340 SF
      2018 34th St, Gainesville, FL 32608-1267
      View Details

    Similar Nearby for Sale

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      5,340 SF

      Haile Village Mixed-Use Building

      Three-story mixed-use building with commercial space and luxury penthouse.
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      Mixed-Use Property in Haile Village

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    • Contact for pricing

      Free-Standing Dutch Bros Coffee

      Free-standing Dutch Bros Coffee located in Gainesville, Florida.
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    • $199,900
      1,900 SF

      Gainesville Karaoke Bar and Party

      Karaoke bar with themed VIP rooms in SouthGate Centre.
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      12,023 SF

      Gainesville CVS Pharmacy Investment Property

      NNN leased CVS Pharmacy with drive-thru and corporate guarantee.
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    Similar Nearby for Lease

    • Contact for pricing
      2,400 SF

      Retail Space in Publix-Anchored Center

      Retail space available in a Publix-anchored shopping center.
      5150-5248 SW 34Th St, Gainesville, FL 32608
      View Details
    • $4,800 /Mo

      Retail Space Available For Rent

      Retail space available for lease in Gainesville, Florida.
      5214 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $40 SF/Yr
      776 SF

      Retail Space Near Butler Plaza

      776 SF retail space with high visibility and traffic.
      3312 SW 35Th Blvd, Gainesville, FL 32608
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    • $28 SF/Yr

      Retail Suite on SW 34th

      End-cap retail suite in Gainesville's active commercial corridor.
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      View Details
    • $25 SF/Yr
      953 SF

      Haile Village Storefront/Office Space

      Turn-key storefront or office space in Haile Village.
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      View Details
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      1,122 SF

      Gainesville Mixed-Use Space Available

      Office, retail, or service space in high-traffic area.
      4936 SW 91St Ter, Gainesville, FL 32608
      View Details

    Property Visit Statistics

    • Visits by month
      11.1k
    • Visitors by month
      11.8k
    • Avg Time on site
      53 min
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    Gainesville, FL 32608-7749
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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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