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Property profile & analytics
OFF-MARKET
Estimated value
$2,070,000
Manufacturing properties
3545 47th Ave Gainesville, FL 32608-7691
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-5891630
Property summary
AI-generated overview
This exceptional industrial property, located at 3545 SW 47th Avenue in Gainesville, Florida, presents a rare opportunity for a single tenant. The building encompasses 48,937 square feet of warehouse, manufacturing, and distribution space, ideally suited for a variety of industrial uses. Constructed in 2001 and renovated in 2016, the property is in excellent condition and ready for immediate occupancy. The expansive 8.07-acre lot provides ample space for operations and potential future expansion. The property's zoning is BI (Business Industrial), allowing for a wide range of permitted uses. The convenient location offers quick access to major transportation arteries, including I-75, SW Williston Road, and SW 34th Street, ensuring efficient logistics and distribution. The property features a single tenancy, providing a unique opportunity for a business seeking a substantial and well-maintained industrial space. The property's assessed parcel numbers are #07240-035-000, #07240-039-000, #07240-040-000, #07240-038-001, and #07240-041-000. This is a turnkey solution for businesses seeking a strategic location and substantial space in the thriving Gainesville market. The entire 48,937 square feet is currently vacant.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2003
Construction
STEEL FRAME
Total area
21,982 SF
Lot
3.63 ac (158,123 SF)
Zoning code
BI
APN
07240-035-000
UPID
US18-5891630
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Gainsville Office Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.30M
Comparable Approach
Comparable
$1.85M
Blend (final)
Blend
$2.07M
Owner & transaction history
PK5 LLC
PK5 LLC
Zoning & alternative use
BI · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.1M
+146.8%
Apartment house (5+ units)
$2.7M
+115.2%
Restaurant
$2.6M
+111.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,485,000
6.5%
$2,295,000
7%
$2,130,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,055,000
Change: +147% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,665,000
Change: +115% · Conversion: Difficult
RESTAURANT
$2,610,000
Change: +111% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,460,000
Change: +99% · Conversion: Easy
RETAIL STORES
$2,395,000
Change: +94% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,315,000
Change: +87% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.28M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$40,784
Tax year 2023
Assessed value
$1,621,901
Assessed 2023
Previous assessed
$1,661,846
-2.4% YoY
Effective rate
2.51%
On assessed value
Assessed land
$474,368
Assessed improvement
$1,147,533
Land market value
$474,368
Improvement market value
$1,147,533
Total market value
$1,621,901
Applied tax rate
3,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
100
Rooms
1
Bathrooms
22
Total area
21,982 SF
Lot
3.63 ac (158,123 SF)
Zoning code
BI
APN
07240-035-000
UPID
US18-5891630
Jurisdiction
ALACHUA
Zoning & alternative use
BI · Gainesville, FL
Zoning BI · permitted uses
BI · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
RESTAURANT
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.3M
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
100
Rooms
1
Bathrooms
22
Lot
3.63 ac
Current owner
From public records · entity-resolved
PK5 LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2627 NW 43RD ST STE #300, GAINESVILLE, FL 32606-7484
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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