4110 SW 34Th St Gainesville, FL 32608
Property profile & analytics
4110 SW 34Th St Gainesville, FL 32608
- Community centers
- 24,000 SF
- 2.24 lot acres
Property ID
US18-3641016
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.
Location Intelligence
Current Use by Public Records
- Nodarse & Associates A Terracon Co / Engineering Consultant
- Orange Phone Care / Computer & Electronic Repair / Tech Support Center
- Deshi Bazaar / Grocery & Convenience Store / Food Market
- Dapper Dogs Grooming Salon / Pet Grooming Service
- Trusted Hands Health and Wellness IV Hydration Station / Spa & Massage Center / Alternative Medicine Practice
Property Details for 4110 SW 34Th St
- Year built
- 1989
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 2.24 lot acres
- Property size
- 24,000 SF
- Zone code
- MU1
- Property type
- Community centers
- Property subtype
- Shopping centers
- APN
- 07240-020-001
- APU
- 7240020001
Description
This exceptional Class A shopping center, totaling 24,025 square feet, presents a compelling investment opportunity. Located at 4110 SW 34th St, Gainesville, FL 32608, this 100% occupied property boasts 13 tenants under NNN leases, ensuring a stable income stream. The property features a 7.79% cap rate and a strong NOI of $436,097, with a conservative projection of a 39% NOI growth over the next decade, resulting in a projected blended cap rate of 9.27% over 10 years. Tenants contribute to operating expenses through reimbursements for CAM, taxes, insurance, an 8% management fee on gross collections, and a 20% administration fee on common area maintenance. Situated on a 2.24-acre lot, this 1989-built center benefits from its proximity to the University of Florida, just 1.5 miles away, and its position as one of only three unanchored strip centers exceeding 20,000 square feet in Gainesville. The limited number of comparable properties in the area, coupled with only seven new strip centers built in the last 10 years and an average of 2.5 unanchored strip center transactions annually over the past five years, creates a high barrier to entry and significant long-term value. The asking price is $5,600,000, representing a price per square foot of $233. This fee-simple ownership opportunity offers substantial returns and significant upside potential. The property's strong tenant base, favorable lease terms, and prime location make it an ideal addition to any investment portfolio.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3727
- Latitude
- 29.6151
- 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
$45,430
$974,200
$915,500
$1,889,700
-
$974,200
$915,500
$1,889,700
