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    2932 NW 43Rd St Gainesville, FL 32606

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    2932 NW 43Rd St Gainesville, FL 32606

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    • Residential land & home lots
    Off-Market
    Property ID
    US18-2828038
    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

    • Residential land & home lots

    Property Details for 2932 NW 43Rd St

    Property type
    Residential land & home lots

    Description

    Ideal frontage on NW 43rd St. The parcel is currently within the zoning jurisdiction of Alachua county and any zoning modifications must be in accordance with the county's comprehensive plan. This development site is currently zoned residential R-1A with density per acre up to approximately 4 units. Interestingly enough, the east parcel boundary is touching the city of Gainesville. If one were to assemble with the nearby adjacent lots in a configuration that was acceptable for a proposed use, then annexation with the city may be favorable. Close proximity to the Meridien Center and Madison Park. Please contact the listing agent for more information.

    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
    -82.3899952
    Latitude
    29.6804135

    Comparable in this City

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      Gainesville Acreage Lot Opportunity

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      Multifamily Development Shovel-Ready Land

      Shovel-ready multifamily development site in prime location.
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    • New
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      Multifamily Development Opportunity - Gainesville

      Shovel-ready lot ideal for income-producing investment property.
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    • $177,500
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      Gainesville Acreage: Endless Possibilities

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      Gainesville Land Backing Golf Course

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      Gainesville Land Parcel For Sale

      3.54 acre lot in NW Gainesville near Santa Fe College.
      NW 23Rd Ave, Gainesville, FL 32606
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    Similar Nearby for Sale

    • $177,500
      0.89 Acres

      Gainesville Acreage Lot Opportunity

      Vacant lot in a desirable Gainesville location with no HOA.
      000 NW 39Th Ave, Gainesville, FL 32606
      View Details
    • New
      $290,000
      0.48 Acres

      Multifamily Development Shovel-Ready Land

      Shovel-ready multifamily development site in prime location.
      2804 NW 104Th Ct, Gainesville, FL 32606
      View Details
    • New
      $145,000
      0.46 Acres

      Multifamily Development Opportunity - Gainesville

      Shovel-ready lot ideal for income-producing investment property.
      2730 NW 104Th Ct, Gainesville, FL 32606
      View Details
    • $177,500
      0.89 Acres

      Gainesville Acreage: Endless Possibilities

      Three vacant lots near NW 39th Ave and NW 37th Dr.
      001 NW 37Th Dr, Gainesville, FL 32606
      View Details
    • $179,900
      0.37 Acres

      Gainesville Land Backing Golf Course

      Residential land zoned for four units near golf course.
      2815 NW 104Th Ct, Gainesville, FL 32606
      View Details
    • $275,000
      3.54 Acres

      Gainesville Land Parcel For Sale

      3.54 acre lot in NW Gainesville near Santa Fe College.
      NW 23Rd Ave, Gainesville, FL 32606
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    Similar Nearby for Lease

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      High-Traffic Commercial Site For Rent

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      Class A Office Space

      Office spaces for lease in Gainesville's Professional Corridor.
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      Executive Suites in Millhopper Office

      Full-service executive suites with shared amenities in a prime location.
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    Gainesville, FL 32606
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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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