4507 5th Blvd Gainesville, FL 32609-1997
- Office buildings
- 3,168 SF
- 0.92 lot acres
Current Use by Public Records
- Childers Business Consulting / Business Management Consultant
- Payday Payroll Processing / Business To Business Service
- Gainesville Business Studio / Virtual Office Rental
- Rehoboth Empowerment Center, Inc. / Church
- Primerica Financial Services / Financial Consultant / Finance Broker
Property Details for 4507 5th Blvd
- Year built
- 1966
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.92 lot acres
- Property size
- 3,168 SF
- Zone code
- I1
- Property type
- Office buildings
- APN
- 07967-001-000
- APU
- 7967001000
Description
This exceptional single-story office building, located at 4507 NW 5th Blvd in Gainesville, Florida, presents a compelling investment opportunity. The 3,168 square foot building sits on a sizable 0.92-acre lot, offering ample space and potential for expansion. Built in 1966, this Class C property is currently 100% occupied under a gross lease, generating a 6.40% cap rate. The property features central air conditioning and is zoned I-1, allowing for a variety of industrial uses. With a single tenant and one building, this property offers simplicity and ease of management. The convenient location provides easy access to Gainesville Regional Airport, approximately a 12-minute drive away. The asking price is $425,000, making this a highly attractive investment in a thriving Florida market. The Alachua County location, with zip code 32609, offers excellent access to local amenities and transportation networks. This is a rare opportunity to acquire a well-located, fully occupied office building with significant upside potential. The property's size and zoning provide flexibility for a range of business applications. Don't miss this chance to secure a valuable asset in a desirable location. The property's APN is 07967-001-000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $325,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $258,000
- AI Estimate
- $241,000
Market price range: $259k - $1.10MMarket price range: $241k - $697k
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Location Insight
- Map
- Local Demand
- City
- Gainesville
- County
- Alachua
- State
- Florida
- Longitude
- -82.3336
- Latitude
- 29.6975
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA