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

    3021 34th St Gainesville, FL 32608-1734

    • Turn key restaurants
    • 6,844 SF
    • 1.43 lot acres
    OFF-MARKET
    Last Sale
    Aug 18, 2023
    $4,160,400
    Value Estimations
    $4,150,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3916159
    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

    • Carrabba's Italian Grill / American Restaurant / Bar

    Property Details for 3021 34th St

    Year built
    2001
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.43 lot acres
    Property size
    6,844 SF
    Zone code
    PD
    Property type
    Turn key restaurants
    APN
    06781-001-000
    APU
    6781001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,150,000
      ML approach
      $4,445,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,060,000
      NEIGHBORHOOD: SHOPPING CENTER
      $4,905,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3717
    Latitude
    29.6258
    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
    $40,913
    $1,868,724
    $512,180
    $2,380,904
    -
    $1,868,724
    $512,180
    $2,380,904

    Comparable in this City

    • Value Estimation
      $305,000
      3,556 SF

      9901 44th Ave

      RESTAURANT • 3,556 SF
      9901 44th Ave, Gainesville, FL 32608
      View Details
    • Value Estimation by Request
      18,540 SF

      3023 45th St

      RESTAURANT • 18,540 SF
      3023 45th St, Gainesville, FL 32608-2364
      View Details
    • Value Estimation
      $180,000
      1,800 SF

      8766 27th Ln

      RESTAURANT • 1,800 SF
      8766 27th Ln, Gainesville, FL 32608-9337
      View Details
    • Value Estimation
      $360,000
      7,723 SF

      2711 Clark Butler Blvd

      RESTAURANT • 7,723 SF
      2711 Clark Butler Blvd, Gainesville, FL 32608-2444
      View Details
    • Value Estimation
      $475,000
      5,208 SF

      3635 Archer Rd

      RESTAURANT • 5,208 SF
      3635 Archer Rd, Gainesville, FL 32608-2412
      View Details
    • Value Estimation
      $385,000
      1,288 SF

      2220 Archer Rd

      RESTAURANT • 1,288 SF
      2220 Archer Rd, Gainesville, FL 32608-1139
      View Details

    Similar Nearby for Sale

    • $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
    • New
      $199,900
      1,900 SF

      Gainesville Karaoke Bar and Party

      Karaoke bar with themed VIP rooms in SouthGate Centre.
      4110 SW 34Th St, Gainesville, FL 32608
      View Details
    • $2,282,340

      Free-Standing Dutch Bros Coffee

      Free-standing Dutch Bros Coffee located in Gainesville, Florida.
      3349 SW Williston Rd, Gainesville, FL 32608
      View Details
    • $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
    • $1,950,000
      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
    • $1,750,000
      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

    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
    • Contact for pricing
      77,537 SF

      Gainesville Retail Pad - 1.78 Acres

      Prime Gainesville location, ready for development.
      0 34Th St, 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
    • $25 SF/Yr
      953 SF

      Haile Village Storefront/Office Space

      Turn-key storefront or office space in Haile Village, Gainesville.
      5100 SW 91St Ter, 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.
    3021 34th St
    Gainesville, FL 32608-1734
    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.