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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    916 66th St Gainesville, FL 32605-4200

    • Retail space
    • 9,736 SF
    • 0.91 lot acres
    OFF-MARKET
    Value Estimations
    $1,165,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5021972
    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

    • Care Plaza West / Medical Clinic
    • HCA Florida North Florida Hospital Outpatient Retail Pharmacy / Medical Clinic
    • Dr. Daniel Witter / Physician

    Property Details for 916 66th St

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.91 lot acres
    Property size
    9,736 SF
    Zone code
    MD
    Property type
    Retail space
    APN
    06340-007-000
    APU
    6340007000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,720,000
      6.5%
      $1,590,000
      7%
      $1,475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $822,000
      Market price range: $210k - $1.61M

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.413
    Latitude
    29.6612
    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
    $28,831
    $594,594
    $508,511
    $1,103,105
    -
    $594,594
    $508,511
    $1,103,105

    Comparable in this City

    • Value Estimation
      $3,410,000
      40,529 SF

      7400 Newberry Rd

      RETAIL STORES (PERSONAL SERVICES) • 40,529 SF
      7400 Newberry Rd, Gainesville, FL 32605-4323
      View Details
    • Value Estimation
      $3,500,000
      3,576 SF

      6707 Newberry Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,576 SF
      6707 Newberry Rd, Gainesville, FL 32605-4467
      View Details
    • Value Estimation by Request
      1,374 SF

      1320 34th Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,374 SF
      1320 34th Rd, Gainesville, FL 32605-2550
      View Details
    • Value Estimation
      $585,000
      4,464 SF

      5416 8th Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,464 SF
      5416 8th Ave, Gainesville, FL 32605-4488
      View Details
    • Value Estimation
      $1,330,000
      13,040 SF

      7420 Newberry Rd

      RETAIL STORES (PERSONAL SERVICES) • 13,040 SF
      7420 Newberry Rd, Gainesville, FL 32605-4400
      View Details
    • Value Estimation
      $2,110,000
      11,954 SF

      6612 Newberry Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,954 SF
      6612 Newberry Rd, Gainesville, FL 32605-4311
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      40,965 SF

      Gainesville Retail Property For Sale

      Retail property in Gainesville, Florida, with long-term NNN lease.
      2018 SW 34Th St, Gainesville, FL 32605
      View Details
    • $159,500
      1,318 SF

      1,318 SF Medical Office For Sale

      1,318 SF Medical Office For Sale
      7109 NW 11th Pl , SUITE 2, Gainesville, FL 32605
      View Details
    • $124,900
      0.28 Acres

      Buildable Lot Near UF Campus

      Spacious lot near UF, ideal for custom home or investment.
      3112 NW 21St St, Gainesville, FL 32605
      View Details
    • $163,000
      0.67 Acres

      Gainesville Buildable Land Opportunity

      Oversized lot in desirable Gainesville neighborhood, perfect for building.
      NW 23Rd Blvd, Gainesville, FL 32605
      View Details
    • $150,000
      0.89 Acres

      Waterfront Lot in Townsend

      0.89-acre waterfront lot in Gainesville's Townsend neighborhood.
      NW 23Rd Ter, Gainesville, FL 32605
      View Details
    • $165,000
      0.38 Acres

      Gainesville Creek Side Lot

      Rare 0.38 acre lot near UF campus.
      1710 NW 17Th Ln, Gainesville, FL 32605
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,200 SF

      Retail Space on Newberry Road

      Retail space available in Gainesville near major retailers and medical.
      7441 W Newberry Rd, Gainesville, FL 32605
      View Details
    • Contact for pricing
      1,881 SF

      Gainesville Retail Space For Rent

      Retail space in central Gainesville location, 1881 square feet.
      2201 NW 43Rd St, Gainesville, FL 32605
      View Details
    • Contact for pricing
      4,424 SF

      Retail Space Near Interstate-75

      Retail space with high visibility and easy access.
      7400-7420 W Newberry Rd, Gainesville, FL 32605
      View Details
    • Contact for pricing
      15,725 SF

      Retail Space Sublease Opportunity

      Retail space available for sublease near the University of Florida.
      1517 NW 23Rd Ave, Gainesville, FL 32605
      View Details
    • Contact for pricing

      Retail Space in Central Location

      Retail space available in a robust and affluent Gainesville location.
      4111-4121 NW 16Th Blvd, Gainesville, FL 32605
      View Details
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    916 66th St
    Gainesville, FL 32605-4200
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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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