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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4607 6th Stb Gainesville, FL 32609-4198

    • Warehouses
    • 1,000 SF
    • 0.03 lot acres
    OFF-MARKET
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    2.4%
    Warehouses
    Location Intelligence
    Property ID
    US18-0260132
    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

    • Gainesville Screen and Patio / Contractor / Patio Enclosure Supplier
    • Burton's Appliance Service / Appliance Repair Service
    • Payne Construction Group / Contractor / Bathroom Remodeler
    • Leak Detection Gainesville / Water Damage Restoration Service / Concrete Contractor
    • Gainesville Restoration and Remodeling / Contractor / Bathroom Remodeler

    Property Details for 4607 6th Stb

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.03 lot acres
    Property size
    1,000 SF
    Zone code
    I1
    Property type
    Warehouses
    APN
    07966-013-002
    APU
    7966013002

    Description

    This exceptional 1,000± square foot flex space, located at 4607 NW 6th Street, Suite G, Gainesville, FL 32609, offers a unique blend of office and warehouse functionality. Situated in the Gainesville North Industrial Park, this single-tenant property boasts convenient access to US Highway 441 and is only four miles from the Gainesville Regional Airport, ensuring seamless transportation and logistics. The space is intelligently divided into 650± square feet of renovated office space and 350± square feet of warehouse space. The office area features recently installed plank vinyl flooring, a brand-new restroom, and fresh interior paint, creating a modern and inviting atmosphere. An open reception area welcomes visitors, bathed in natural light from a large front window and glass-paned door. The efficient layout includes two spacious private offices, a restroom, and two versatile nooks ideal for storage, a break room, or a copy area. The warehouse, accessible from both the office and the rear of the building, features a 14' ceiling height and a 13' commercial roll-up door for convenient loading and unloading. Additional mezzanine storage above the office space is easily accessible via a staircase in the warehouse. On-building signage and ample parking are also provided. This property presents a fantastic opportunity for businesses seeking a well-maintained and strategically located space to thrive.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $200,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3339
    Latitude
    29.6983
    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
    $1,624
    $71,874
    $20,289
    $92,163
    -
    $71,874
    $20,289
    $92,163

    Comparable in this City

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      1,000 SF

      4605 6th St Ste D

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      4605 6th St Ste D, Gainesville, FL 32609-1772
      View Details
    • Value Estimation
      $350,000
      3,600 SF

      3038 Waldo Rd

      WAREHOUSE, STORAGE • 3,600 SF
      3038 Waldo Rd, Gainesville, FL 32609-3323
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    • Value Estimation
      $535,000
      184,730 SF

      5497 49th Ter

      WAREHOUSE, STORAGE • 184,730 SF
      5497 49th Ter, Gainesville, FL 32609-1688
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    • Value Estimation
      $1,640,000
      16,708 SF

      350 39th Ave

      WAREHOUSE, STORAGE • 16,708 SF
      350 39th Ave, Gainesville, FL 32609-0707
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    • Value Estimation
      $260,000
      1,000 SF

      4607 6th Stj

      WAREHOUSE, STORAGE • 1,000 SF
      4607 6th Stj, Gainesville, FL 32609-4198
      View Details
    • Value Estimation
      $910,000
      5,500 SF

      4625 6th St

      WAREHOUSE, STORAGE • 5,500 SF
      4625 6th St, Gainesville, FL 32609-4178
      View Details

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    Similar Nearby for Lease

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      Gainesville Office/Warehouse Flex Unit

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      Gainesville Flex Warehouse for Lease

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    4607 6th Stb
    Gainesville, FL 32609-4198
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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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