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602 75th St Gainesville, FL 32607-1694

OFF-MARKET Strip malls Google Maps
6,500 SF 0.67 ac lot Built 1985
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$700k
Range $630k – $770k (±10%)
Property ID US18-3568227

Property summary

AI-generated overview

This prime Gainesville commercial building, located at 602 NW 75th St, offers 6,500 square feet of net rentable space across four separate units. Built in 1985 and renovated in 2016, the property sits on a 0.67-acre lot and boasts a total square footage of 6,890. Its mixed-use zoning allows for a variety of tenants, including retail, office, and other commercial uses. The asking price is $899,000, translating to $130.48 per square foot. Strategically positioned near the intersection of Newberry Rd and Tower Rd, this property benefits from high visibility and easy access to I-75, HCA North Florida Hospital, and Oaks Mall. The area is experiencing significant commercial development, promising strong future growth potential. Each of the four units is individually heated and cooled, providing flexibility for diverse tenants. This vacant property presents a unique opportunity for investors seeking a high-return investment in a thriving Gainesville commercial corridor. The property's location in Alachua County, Florida, zip code 32607, ensures convenient access to major transportation routes and a robust local economy. This single-story building represents a compelling investment opportunity in a rapidly developing area.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,500 SF
Lot 0.67 ac (29,185 SF)
Zoning code BH
APN 06656-002-015
UPID US18-3568227

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
  • High School
  • Tax Preparation
  • Gun Shop Ammunition Supplier
  • Hair Salon Nail Salon
  • (Bike/Boat/Book/etc) Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$700k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$700k

Owner & transaction history

since 2024
Last sale
$700,000
4 recorded transactions
2024
$700,000
2016
Price N/A
2008
Price N/A
1969
Price N/A

Zoning & alternative use

BH · Gainesville, FL

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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