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

    2999 Clark Butler Blvd Gainesville, FL 32608

    • Grocery and convenience stores
    • 18,320 SF
    • 9.58 lot acres
    OFF-MARKET
    Value Estimations
    $3,310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7687870
    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

    • Grocery and convenience stores

    Property Details for 2999 Clark Butler Blvd

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    9.58 lot acres
    Property size
    18,320 SF
    Zone code
    PD
    Property type
    Grocery and convenience stores
    APN
    06810-001-026
    APU
    6810001026

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,235,000
      6.5%
      $2,990,000
      7%
      $2,775,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,315,000
      Market price range: $947k - $3.32M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,950,000
      Current use
      RESTAURANT
      $5,115,000
      Change: +29% Conversion: Easy
      OFFICE BUILDING
      $4,635,000
      Change: +17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3819
    Latitude
    29.6266
    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
    $191,589
    $5,322,621
    $5,155,579
    $10,478,200
    -
    $5,322,621
    $5,155,579
    $10,478,200

    Comparable in this City

    • Value Estimation
      $735,000
      4,140 SF

      3509 Williston Rd

      GROCERY, SUPERMARKET • 4,140 SF
      3509 Williston Rd, Gainesville, FL 32608-4935
      View Details
    • Value Estimation
      $545,000
      3,441 SF

      1710 13th St

      GROCERY, SUPERMARKET • 3,441 SF
      1710 13th St, Gainesville, FL 32608-1527
      View Details
    • Value Estimation by Request
      1,202 SF

      2516 31st Pl

      GROCERY, SUPERMARKET • 1,202 SF
      2516 31st Pl, Gainesville, FL 32608-7817
      View Details
    • Value Estimation
      $1,105,000
      5,676 SF

      3960 Archer Rd

      GROCERY, SUPERMARKET • 5,676 SF
      3960 Archer Rd, Gainesville, FL 32608-2402
      View Details
    • Value Estimation
      $815,000
      4,558 SF

      3424 Williston Rd

      GROCERY, SUPERMARKET • 4,558 SF
      3424 Williston Rd, Gainesville, FL 32608-5049
      View Details
    • Value Estimation
      $810,000
      4,346 SF

      3417 Williston Rd

      GROCERY, SUPERMARKET • 4,346 SF
      3417 Williston Rd, Gainesville, FL 32608
      View Details

    Similar Nearby for Sale

    • $1,373,760

      Haile Village Center Retail/Residential

      Retail space and residential apartments in Haile Village Center.
      5207 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $1,275,000
      5,340 SF

      Haile Village Mixed-Use Building

      Three-story mixed-use building with commercial space and luxury penthouse.
      5015 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $1,636,000
      12,900 SF

      Gainesville CVS Pharmacy Investment Property

      NNN leased CVS Pharmacy with drive-thru and corporate guarantee.
      7430 SW Archer Rd, Gainesville, FL 32608
      View Details
    • $1,750,000
      10,804 SF

      Haile Village Mixed-Use Portfolio

      Mixed-use investment opportunity in Haile Village Center, Gainesville.
      5213 SW 91St Dr, Gainesville, FL 32608
      View Details
    • $1,950,000
      Pending

      Gainesville Commercial Development Opportunity

      16.26-acre commercial site in Gainesville, FL, with high visibility.
      000 SW Archer Rd, Gainesville, FL 32608
      View Details
    • $1,240,000
      6.20 Acres

      Gainesville Development Land - 6.2 Acres

      Prime Gainesville land, development potential. Excellent location.
      3808 Williston Rd, Gainesville, FL 32608
      View Details

    Similar Nearby for Lease

    • $1,800 /Mo
      1,122 SF

      Gainesville Mixed-Use Space For Rent

      Office, retail, or service space in high-traffic Haile Village.
      4936 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $25 SF/Yr
      953 SF

      Haile Village Storefront/Office Space

      Turn-key storefront or office space in Haile Village.
      5201 SW 91St Dr, Gainesville, FL 32608
      View Details
    • $7,200 /Mo

      Haile Village Office/Retail Space

      All-inclusive office or retail space in Haile Village.
      5216 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
      View Details
    • $39,600

      Retail Space Available For Rent

      Retail space available for lease in Gainesville, Florida.
      5214 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $27,600

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      9144 SW 49Th St, Gainesville, FL 32608
      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.
    2999 Clark Butler Blvd
    Gainesville, FL 32608
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.