Financial
Distress signals
Property profile

706 W University Ave Gainesville, FL 32601

FOR LEASE
Strip malls
Property ID
US18-4445760
6,478 SF 0.46 ac lot Built 1962
Last sale Nov 2025 · $1,600,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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706 W University Ave, Gainesville, FL 32601 For Lease
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706 W University Ave, Gainesville, FL 32601
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Property summary

AI-generated overview

The property is a commercial space that was historically used as a restaurant (Leonardo's 706) for several decades. The space is currently in shell condition and is configured to allow tenant build-out to meet specific requirements. It has frontage and high visibility along West University Avenue, with ample on-site parking and opportunities for business signage. The site is located in Gainesville, within a few blocks of the University of Florida and downtown Gainesville, in an area characterized by increasing density.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$11k
Tax billed · 2023
Assessed value$458k
Assessed land$365k
Assessed improvement$93k
Effective rate2.39%

Value estimate

· Sep 2026
$360k
$324k – $396k
NOI build-up
Gross scheduled income$41k
Vacancy & credit loss−$2k
Operating expenses−$10k
NOI · 59.53% cap applied$29k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$717/SF
Submarket average, outlier-cleaned · 22 recorded sales of this use type
Observed band · Q1–Q3$94 – $1,467

Cap rate analysis

How does the asset earn?
59.53%
$29k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
U9
Consists of higher density mixed use buildings that accommodate retail, offices, and apartments.
General categoryMIXED_USE
JurisdictionALACHUA

Location intelligence

Which uses thrive at this corner?
Best fit: HVAC Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
HVAC Service10.4
Locksmith9.2
Plumbing Service9.0

Location

706 W University Ave Gainesville, FL 32601
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

1 recorded sale · 13 properties nearby
Recent sales nearby
1 recorded sale in this ZIP, last 8 years
Address Sale price Sold Size
300 8th, Gainesville, FL 32601-4287 $2,500,000 Jul 2025 12,360 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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