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    Property profile & analytics

    8717 Archer Rd Gainesville, FL 32608

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4392944
    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

    • Commercial real estate

    Property Details for 8717 Archer Rd

    Property type
    Commercial real estate

    Description

    This exceptional 7.56-acre parcel presents a unique cottage development opportunity in Gainesville, Florida. Ideally situated on SW Archer Road, this property enjoys unparalleled proximity to the University of Florida, Celebration Pointe, and Butler Plaza, ensuring high demand and strong rental potential. Zoned for Low-Density Residential (LDR), the site allows for a diverse range of residential uses, including single-family detached and attached units, cottage neighborhoods, and traditional neighborhood developments. The smaller lot size makes a mixed-use development less practical, but the LDR zoning allows for higher density residential development, potentially doubling the typical units per acre (8 units per acre versus 4). This presents a significant advantage for maximizing return on investment. All essential utilities—potable water, wastewater, and electricity—are readily available through Gainesville Regional Utilities (GRU), streamlining the development process. The property's location within an established residential area further enhances its appeal and minimizes development risks. This is a rare opportunity to capitalize on the thriving Gainesville real estate market and create a highly desirable residential community. The asking price is $1,300,000. Alachua County location and proximity to major amenities make this a truly exceptional investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.435647
    Latitude
    29.588986

    Comparable in this City

    • $1,100,000
      1.10 Acres

      Gainesville Land: 1.1 Acres

      Prime Gainesville location, 1.1-acre residential lot.
      3920 38Th St, Gainesville, FL 32608
      View Details
    • $6,250,000
      18.00 Acres

      Memorial Parkway Dealership Space

      High-traffic retail space, immediate occupancy.
      1602 Williston Rd, Gainesville, FL 32608
      View Details
    • $3,500,000
      10.00 Acres

      Gainesville Commercial/Residential Land

      10-Acre Tract, Prime Gainesville Location
      5881 34Th St, Gainesville, FL 32608
      View Details
    • New
      $300,000
      1.50 Acres

      Prime Land Near UF Campus

      1.5-acre parcel near University of Florida with income-producing residence.
      2400 SW 23Rd Ter, Gainesville, FL 32608
      View Details
    • $659,925

      Haile Village Mixed-Use Corner Building

      Prime corner building with retail, office, and residential spaces.
      5214 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $855,000
      Pending

      Tower Village Eightplex Investment Opportunity

      Eight-unit apartment building near University of Florida.
      7213 SW 44Th Pl, Gainesville, FL 32608
      View Details

    Similar Nearby for Sale

    • $1,100,000
      1.10 Acres

      Gainesville Land: 1.1 Acres

      Prime Gainesville location, 1.1-acre residential lot.
      3920 38Th St, Gainesville, FL 32608
      View Details
    • $6,250,000
      18.00 Acres

      Memorial Parkway Dealership Space

      High-traffic retail space, immediate occupancy.
      1602 Williston Rd, Gainesville, FL 32608
      View Details
    • $3,500,000
      10.00 Acres

      Gainesville Commercial/Residential Land

      10-Acre Tract, Prime Gainesville Location
      5881 34Th St, Gainesville, FL 32608
      View Details
    • New
      $300,000
      1.50 Acres

      Prime Land Near UF Campus

      1.5-acre parcel near University of Florida with income-producing residence.
      2400 SW 23Rd Ter, Gainesville, FL 32608
      View Details
    • $659,925

      Haile Village Mixed-Use Corner Building

      Prime corner building with retail, office, and residential spaces.
      5214 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $855,000
      Pending

      Tower Village Eightplex Investment Opportunity

      Eight-unit apartment building near University of Florida.
      7213 SW 44Th Pl, Gainesville, FL 32608
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      77,537 SF

      Gainesville Retail Pad - 1.78 Acres

      Prime Gainesville location, ready for development.
      0 34Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Land for Rent

      Commercial land available for rent on SW Archer Rd.
      SW Archer Rd, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Commercial Land at Lighted Intersection

      Outparcels available at a lighted intersection in Gainesville, FL.
      5148 SW 34Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing
      20,473 SF

      Gainesville Commercial Land Lease

      Prime 0.47-acre mixed-use lot, Archer Road.
      0 37Th Blvd, Gainesville, FL 32608
      View Details
    • $11,400 /Mo

      Haile Village Office Space

      Office space in a walkable, mixed-use village center.
      5216 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $25 SF/Yr

      Haile Village Bistro and Pub

      Turn-key bistro and pub in Haile Village Center.
      5323 SW 91St Ter, Gainesville, FL 32608
      View Details
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    8717 Archer Rd
    Gainesville, FL 32608
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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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