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    Property profile & analytics
    OFF-MARKET Estimated value $17,735,000
    Outlet malls

    5700 23rd St, Gainesville, FL 32653-2084

    145,289 SF 9.66 ac lot Built 2013
    Entity Owned 14-yr Hold Free & Clear
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Walmart Supercenter Electronics & Wireless Store
    • Quest Diagnostics Inside Walmart 5700 NW 23rd Street Medical Laboratory Diagnostic Center
    • Walmart Photo Center (Bike/Boat/Book/etc) Store
    • Walmart Pharmacy Pharmacy
    • Primo Water Refill & Exchange 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
    Wal-mart Stores East LP · 14 yrs held
    Wal-mart Stores East LP
    since 2011
    1 recorded transaction
    2011
    $3.9M
    Zoning & alternative use
    MU2 · Gainesville, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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