Property profile

824 University Ave Gainesville, FL 32601

OFF-MARKET
Office buildings
Property ID
US18-2830222
3,873 SF 0.66 ac lot Built 1900
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

University Village is a mixed-use property in Gainesville’s Historic Duckpond neighborhood, situated on approximately 1.6 acres and positioned on a signalized corner with about 200 feet of frontage along University Avenue. It has flexible mixed-use zoning permitting development of up to 29 units across the assemblage, with additional surplus land that supports future infill or expansion. The property includes 11 residential units and a professionally finished commercial office building comprising 1,807 square feet. The heated area across all structures totals approximately 12,008 square feet. Structures and unit mix are located at 834 E University Ave (Parcel #11949-000-000) with a vacant office 2/1 at the front, a back/studio 1/1; 824 E University Ave (Parcel #11948-000-000) with Unit A 2/1 (front), Unit B 1/1 (back), Unit C 4/1 (upstairs), and a back quadplex with units 1/1; 100 NE 9th St (Parcel #11947-000-000) with two units at 3/1 each; and 108 NE 9th St (Parcel #11944-000-000) with a 3/2 unit.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1900
Total area 3,873 SF
Lot 0.66 ac (28,738 SF)
Zoning code U4
APN 11948-000-000
UPID US18-2830222

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

824 University Ave Gainesville, FL 32601-2131
Gainesville metro Census 500 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$609k
Blend (final) Blend
$270k

Owner & transaction history

since 2015
1 recorded transaction
2015
Price N/A

Zoning & alternative use

U4 · Gainesville, FL
Zoning description

established to implement the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3…

General category RESIDENTIAL
Top alternative use upside
Medical building $570,000 +18.3%
Warehouse, storage $485,000 +1.3%

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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