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    Property profile & analytics

    6250 23Rd St Gainesville, FL 32653

    • Strip malls
    • 30,647 SF
    • 4.96 lot acres
    For Lease
    View listing
    Value Estimations
    $490,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3657042
    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

    • Burn Boot Camp / Personal Trainer / Physical Fitness Program
    • China Express / Chinese Restaurant / Delivery Restaurant
    • CosmoProf / Beauty Supply Store
    • Oakwood Commons Shopping Center / Shopping Mall
    • The Glass Factory Studios / Glass Shop / Vaporizer Store

    Property Details for 6250 23Rd St

    Year built
    1989
    Construction
    CONCRETE
    Lot size
    4.96 lot acres
    Property size
    30,647 SF
    Zone code
    MU2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    06014-030-004
    APU
    6014030004

    Description

    Oakwood Commons, located at 6250 NW 23rd St in Gainesville, Florida (zip code 32653), presents a significant retail opportunity in Alachua County. This property encompasses a total of 52,780 square feet situated on a generous 21-acre lot. Currently, the entire space is vacant, offering a unique chance for a single large tenant or multiple smaller businesses to establish themselves in this high-visibility location. The flexible layout allows for units ranging from a minimum of 900 square feet to a maximum contiguous space of 35,800 square feet, catering to a variety of business needs and scales. The property is classified as a multi-tenant retail building, providing ample opportunity for diverse commercial ventures. Its strategic location in Gainesville, Florida offers excellent access to major roadways and a substantial customer base. This is an exceptional opportunity to secure a prominent retail presence in a thriving market. The property is available for lease. Interested parties should inquire for further details and leasing options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $490,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3585
    Latitude
    29.7125
    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
    $30,411
    $378,101
    $1,785,190
    $2,163,291
    -
    $378,101
    $1,785,190
    $2,163,291

    Comparable in this City

    • Value Estimation
      $190,000
      6,900 SF

      6250 23rd St

      SHOPPING CENTER, STRIP CENTER • 6,900 SF
      6250 23rd St, Gainesville, FL 32653-1511
      View Details
    • Value Estimation
      $575,000
      56,280 SF

      5440 13th St

      WHOLESALE OUTLET, DISCOUNT STORE • 56,280 SF
      5440 13th St, Gainesville, FL 32653-2135
      View Details
    • Value Estimation
      $300,000
      6,670 SF

      6392 23rd St

      WHOLESALE OUTLET, DISCOUNT STORE • 6,670 SF
      6392 23rd St, Gainesville, FL 32653-7106
      View Details
    • Value Estimation
      $475,000
      9,960 SF

      6244 23rd St

      WHOLESALE OUTLET, DISCOUNT STORE • 9,960 SF
      6244 23rd St, Gainesville, FL 32653-1597
      View Details
    • Value Estimation
      $495,000
      145,289 SF

      5700 23rd St

      WHOLESALE OUTLET, DISCOUNT STORE • 145,289 SF
      5700 23rd St, Gainesville, FL 32653-2084
      View Details
    • Value Estimation by Request
      672 SF

      15417 State Rd 121

      PARKING GARAGE, PARKING STRUCTURE • 672 SF
      15417 State Rd 121, Gainesville, FL 32653-7601
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      52,780 SF

      Gainesville Retail Center - Oakwood Commons

      Prime Gainesville retail space, multiple units available.
      6250 23Rd St, Gainesville, FL 32653
      View Details
    • Contact for pricing
      3,929 SF

      Gainesville Office Space For Rent

      Office space with flexible floor plan and high traffic exposure.
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    • $15 SF/Yr
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      Gainesville Medical Office For Lease

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      Gainesville Medical Office Building

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    • $10 SF/Yr
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      Office Properties & Spaces • 11,639 SF
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    • $12 SF/Yr
      8,100 SF

      Insulated Warehouse in Gainesville, Florida

      8,100 SF warehouse with office space and high ceilings.
      6621 NW 16Th St, Gainesville, FL 32653
      View Details
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    Gainesville, FL 32653
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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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