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5700 23rd St Gainesville, FL 32653-2084

OFF-MARKET Outlet malls Google Maps
145,289 SF 9.66 ac lot Built 2013
Entity Owned 14-yr Hold Free & Clear
Estimated value (blended)
$17.74M
Range $15.96M – $19.51M (±10%)
Property ID US18-4495826

Property summary

AI-generated overview

This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Gainesville, Florida. Located at 5700 NW 23rd St, 32653, this property is zoned for commercial use and is ideally situated as a Walmart Supercenter outparcel. The lot is pad-ready, eliminating significant pre-development costs and expediting the construction process. This prime location boasts excellent visibility and accessibility due to its proximity to major roadways, ensuring high traffic volume and strong potential for retail success. The property's strategic placement within a thriving retail center is further enhanced by its proximity to established businesses such as Advanced Auto Parts, Murphy USA, GameStop, and ABC Liquors, creating a synergistic environment and attracting a substantial customer base. This presents a rare chance to acquire a highly desirable retail pad in a densely populated area with proven commercial success. The property is available for sale and offers significant potential for immediate development and return on investment. Alachua County location provides access to a robust local economy and growing population. The site's one-acre size provides ample space for a variety of retail developments. This is a turnkey opportunity for investors seeking a high-traffic, well-located commercial property.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2013
Construction STEEL FRAME
Total area 145,289 SF
Lot 9.66 ac (420,790 SF)
Zoning code MU2
APN 06014-031-000
UPID US18-4495826

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
  • Electronics & Wireless Store
  • Diagnostic Center Drug Testing Service
  • (Bike/Boat/Book/etc) Store
  • Pharmacy
  • Big Box & Wholesale Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$23.70M
Comparable Approach Comparable
$19.06M
Blend (final) Blend
$17.74M

Owner & transaction history

since 2011
1 recorded transaction
2011
$3.9M

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

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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