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Property profile & analytics
OFF-MARKET
Commercial land

827 56th Ter Gainesville, FL 32605-6461

0.5 ac lot
Individually Owned 1-yr Hold Free & Clear
Property ID
US18-0576349
Property summary
AI-generated overview

This exceptional 0.5-acre commercial lot in Gainesville, Florida, presents a remarkable investment opportunity. Located at 827 NW 56th Terrace within the well-maintained Park Avenue Office Park, this property boasts 120 feet of road frontage on NW 56th Terrace, offering excellent visibility and accessibility. The lot is zoned PD, allowing for the construction of a single-tenant or multi-tenant office building, ideal for owner-occupancy or investment purposes. Its strategic location provides unparalleled convenience, with less than a mile to I-75, two miles to the University of Florida, and a short 20-minute drive to Gainesville Regional Airport. The property's proximity to North Florida Regional Hospital and Oaks Mall ensures high traffic volume and strong potential for tenant occupancy. NW 56th Terrace, situated within Park Avenue Office Park, benefits from Newberry Road's high daily traffic count of over 51,000 vehicles. The attractive landscaping of the office park enhances the overall appeal and desirability of this exceptional property. This is a rare opportunity to acquire a highly desirable commercial lot in a thriving Gainesville location. Don't miss out on this chance to build your dream office space or secure a lucrative investment. The asking price is $155,000. The property is located in Alachua County, Florida, zip code 32605.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.5 ac (21,780 SF)
Zoning code PD
APN 06354-010-010
UPID US18-0576349
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Christopher And Michelle Fortner Ll · 1 yrs held
Christopher And Michelle Fortner Ll
since 2025
4 recorded transactions
2025
$100,000
2020
Price N/A
2008
Price N/A
1999
$70,000
Zoning & alternative use
PD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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