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    Property profile & analytics

    3706 97th Blvd Gainesville, FL 32606-5065

    • Warehouses
    • 2,220 SF
    • 2.39 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    7.1%
    Warehouses
    Location Intelligence
    Property ID
    US18-4440282
    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

    • Sarah Cain Design / Interior Designer
    • South East Instruments Corporation / Manufacturer
    • South Beats / Dj Service

    Property Details for 3706 97th Blvd

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    2.39 lot acres
    Property size
    2,220 SF
    Zone code
    BH
    Property type
    Warehouses
    APN
    06233-061-006
    APU
    6233061006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $270,000
      6.5%
      $250,000
      7%
      $230,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $212,000
      Market price range: $125k - $524k
      AI Estimate
      $280,000
      Market price range: $271k - $513k

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.4506
    Latitude
    29.6874
    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
    $3,594
    $110,000
    $53,059
    $163,059
    -
    $110,000
    $53,059
    $163,059

    Comparable in this City

    • Value Estimation
      $315,000
      936 SF

      14080 32nd Ave

      WAREHOUSE, STORAGE • 936 SF
      14080 32nd Ave, Gainesville, FL 32606-5283
      View Details
    • Value Estimation
      $110,000
      1,190 SF

      3534 97th Blvd

      WAREHOUSE, STORAGE • 1,190 SF
      3534 97th Blvd, Gainesville, FL 32606-7322
      View Details
    • Value Estimation
      $265,000
      1,070 SF

      1722 80th Blvd Ste, Unit 46

      WAREHOUSE, STORAGE • 1,070 SF
      1722 80th Blvd Ste, Gainesville, FL 32606-9237
      View Details
    • Value Estimation
      $240,000
      890 SF

      1722 80th Blvd Ste, Unit 50

      WAREHOUSE, STORAGE • 890 SF
      1722 80th Blvd Ste, Gainesville, FL 32606-9237
      View Details
    • Value Estimation
      $255,000
      3,600 SF

      3550 97th Blvd

      WAREHOUSE, STORAGE • 3,600 SF
      3550 97th Blvd, Gainesville, FL 32606-7322
      View Details
    • Value Estimation
      $230,000
      1,800 SF

      3586 97th Blvd

      WAREHOUSE, STORAGE • 1,800 SF
      3586 97th Blvd, Gainesville, FL 32606-7323
      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
    • Contact for pricing
      2.00 Acres

      Santa Fe Village Commercial Land

      Gainesville, FL commercial land parcels.
      0 39Th Ave, Gainesville, FL 32606
      View Details
    • $7,000,000
      40,179 SF

      Gainesville Office Building For Sale

      40,179 SF Office Space, Prime Location
      4300 89Th Blvd, Gainesville, FL 32606
      View Details
    • $850,000
      5,493 SF

      Gainesville Medical Office Building

      Spacious medical office, 5,493 sq ft, immediate occupancy.
      3780 83Rd St, Gainesville, FL 32606
      View Details
    • $16,900,000
      65,260 SF

      Gainesville Office Building For Sale

      Striking, custom-built office building in Celebration Pointe, Gainesville, Florida.
      2970 SW 50Th Ter, Gainesville, FL 32606
      View Details

    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
    • Contact for pricing
      5,000 SF

      Prime Millhopper Office Suites

      Elegant executive suites, various sizes available.
      4915 43Rd St, Gainesville, FL 32606
      View Details
    • $21 SF/Yr
      24,866 SF

      Gainesville Class A Office Suites

      Modern offices, ample parking, prime location.
      2850 43Rd St, Gainesville, FL 32606
      View Details
    • $28,800

      Updated Office Space For Rent

      Newly updated office space with excellent accessibility and convenience.
      9200 NW 36Th Pl, Gainesville, FL 32606
      View Details
    • $7,000,000
      9,251 SF

      Gorgeous Office Space Available

      Bright 9,251 SF office space in a corporate center.
      4300 NW 89Th Blvd, Gainesville, FL 32606
      View Details
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    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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