Technical
Financial
Distress signals
Property profile

508 23rd Ave Gainesville, FL 32609

OFF-MARKET
Outlet malls
Property ID
US18-6169721
7,120 SF 0.75 ac lot Built 2012
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2012
Construction STEEL FRAME
Total area 7,120 SF
Lot 0.75 ac (32,670 SF)
Zoning code MU2
APN 08236-000-000
UPID US18-6169721

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Discount Store

Location

508 23rd Ave Gainesville, FL 32609-3637
Gainesville metro Census 400 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.16M
Comparable Approach Comparable
$941k
Blend (final) Blend
$295k

Owner & transaction history

since 2012
5 recorded transactions
2012
$1.4M
2012
$1.4M
2011
$370,000
2011
Price N/A
2001
$65,000

Zoning & alternative use

MU2 · Gainesville, FL
Zoning description

ban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity…

General category MIXED_USE
Top alternative use upside
Office building $1.4M +29.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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