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    Property profile & analytics

    3704 97th Blvd Gainesville, FL 32606-5065

    • Warehouses
    • 1,905 SF
    • 2.39 lot acres
    OFF-MARKET
    Value Estimations
    $285,000
    Show details
    Cap Rate Potential
    4.7%
    Warehouses
    Location Intelligence
    Property ID
    US18-2828134
    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

    • The Science Of Water / Water Treatment Supplier

    Property Details for 3704 97th Blvd

    Year built
    1987
    Lot size
    2.39 lot acres
    Property size
    1,905 SF
    Zone code
    BH
    Property type
    Warehouses
    APN
    06233-061-007
    APU
    6233061007

    Description

    This exceptional Gainesville, Florida property, located at 3704 NW 97th Blvd, offers 4,800 square feet of versatile office and warehouse space, ideally suited for a variety of businesses. Currently vacant and available March 1st, 2024, the property is zoned BH and features two suites totaling 4,800 square feet. The space is divisible, with a minimum of 2,400 square feet and a maximum contiguous space of 4,800 square feet. As currently configured, the space includes approximately 3,600 square feet of office space and 1,200 square feet of warehouse space, complete with two roll-up doors. However, the layout is highly adaptable to meet specific tenant requirements. Potential configurations include approximately 3,900 square feet of heated and cooled warehouse space and 900 square feet of office space. The property's prime location near I-75 in Gainesville (zip code 32606) ensures convenient access to major transportation routes, making it an attractive option for businesses needing efficient logistics. The APN is 06233-061-007 & 06233-061-008.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $230,000
      6.5%
      $215,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $217,000
      Market price range: $107k - $450k
      AI Estimate
      $286,000
      Market price range: $232k - $440k

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.4505
    Latitude
    29.6873
    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
    $3,667
    $110,000
    $56,400
    $166,400
    -
    $110,000
    $56,400
    $166,400

    Comparable in this City

    • Value Estimation
      $240,000
      975 SF

      3624 97th Blvd

      WAREHOUSE, STORAGE • 975 SF
      3624 97th Blvd, Gainesville, FL 32606-5063
      View Details
    • Value Estimation
      $240,000
      1,905 SF

      3702 97th Blvd

      WAREHOUSE, STORAGE • 1,905 SF
      3702 97th Blvd, Gainesville, FL 32606-5065
      View Details
    • Value Estimation
      $225,000
      1,800 SF

      3590 97th Blvd

      WAREHOUSE, STORAGE • 1,800 SF
      3590 97th Blvd, Gainesville, FL 32606-7323
      View Details
    • Value Estimation
      $240,000
      1,950 SF

      3710 97th Blvd

      WAREHOUSE, STORAGE • 1,950 SF
      3710 97th Blvd, Gainesville, FL 32606-5065
      View Details
    • Value Estimation
      $230,000
      2,220 SF

      3706 97th Blvd

      WAREHOUSE, STORAGE • 2,220 SF
      3706 97th Blvd, Gainesville, FL 32606-5065
      View Details
    • Value Estimation
      $265,000
      220 SF

      3530 97th Blvd

      WAREHOUSE, STORAGE • 220 SF
      3530 97th Blvd, Gainesville, FL 32606-7322
      View Details

    Similar Nearby for Sale

    • $397,500
      2,400 SF

      Gainesville Office/Warehouse Near I-75

      Office/warehouse located just off I-75 and NW 39th Avenue.
      3708 NW 97Th Blvd, Gainesville, FL 32606
      View Details
    • $750,000
      2.21 Acres

      Gainesville Industrial Land - $750K

      2.21-acre BI-zoned lot, prime location.
      0 22Nd St, Gainesville, FL 32606
      View Details
    • $1,100,000
      0.19 Acres

      Gainesville Office Building For Sale

      Prime Office Space, Excellent Location
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    • $1,250,000
      8,000 SF

      Gainesville Office Building Investment

      8,000 SF Co-working Space, 5.34% Cap Rate
      4141 37Th Pl, Gainesville, FL 32606
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    • $1,000,000
      6.70 Acres

      Gainesville Commercial Land - 6.7 Acres

      Prime Gainesville development opportunity. 6.7 acres, excellent location.
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    • $4,830,000
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      Modern Office Building Investment Opportunity

      Class A office building fully leased through 2027 in Gainesville.
      2511 NW 41St St, Gainesville, FL 32606
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    Similar Nearby for Lease

    • $4,625 /Mo
      3,060 SF

      Showroom/Warehouse Space Near I-75

      4,800 SF showroom/warehouse with highway access, suitable for various businesses.
      3714 NW 97Th Blvd, Gainesville, FL 32606
      View Details
    • $12 SF/Yr
      1,800 SF

      Office/Warehouse Space Near I-75

      Office and warehouse space with easy access to I-75.
      3558 NW 97Th Blvd, Gainesville, FL 32606
      View Details
    • $21 SF/Yr
      35,853 SF

      Gainesville Office Suite - Madison Park

      Prime Gainesville Office Space, 3,850 sq ft
      2850 43Rd St, Gainesville, FL 32606
      View Details
    • $18 SF/Yr
      8,193 SF

      Class A Office Space Available

      Modern office space for lease in mixed-use development.
      3951 NW 48Th Ter, Gainesville, FL 32606
      View Details
    • $32 SF/Yr
      1,400 SF

      Retail Space in Gainesville MSA

      Retail space available in affluent Gainesville area near Publix.
      5200 NW 43Rd St, Gainesville, FL 32606
      View Details
    • $19 SF/Yr
      1,950 SF

      Professional Office Space Available

      First floor office suite in Northwest business district.
      2770 NW 43Rd St, Gainesville, FL 32606
      View Details
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    3704 97th Blvd
    Gainesville, FL 32606-5065
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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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