Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Gainesville, FL 32607
    Property profile & analytics

    , Gainesville, FL 32607

    View on Map
    • Office Spaces
    • 4,626 SF
    • 0.11 lot acres
    Off-Market
    Property ID
    US18-6179718
    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.
    Value Estimations
    $940,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details

    Year built
    2009
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Zone code
    OF
    Property type
    Office Spaces
    APN
    06507-003-004
    APU
    6507003004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 3, 2017 — Vfo Properties LLC — Deed · related $532k · Harbor Cmnty Bk
    Mar 23, 2009 $713,000 Vfo Properties LLC Ogs Investments INC Warranty Deed $808k · Florida Capital Bank NA
    — — Vfo Properties LLC — Loan Modification · related $808k · Florida Cap Bk
    — — Vfo Properties LLC — Deed Of Trust · related $532k · Harbor Cmnty Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,025,000
      6.5%
      $945,000
      7%
      $880,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $610,000
      Market price range: $264k - $871k

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3842
    Latitude
    29.653
    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
    $12,627
    $115,700
    $426,300
    $542,000
    -
    $115,700
    $426,300
    $542,000

    Comparable in this City

    • Value Estimation by Request
      390,733 SF

      4510 24Th Ave

      Multifamily properties
      4510 24Th Ave, Gainesville, FL 32607
      View Details
    • Value Estimation by Request
      768 SF

      4010 Newberry Rd Ste C

      CONDOMINIUM OFFICES
      4010 Newberry Rd Ste C, Gainesville, FL 32607-2368
      View Details
    • Value Estimation
      $1,210,000
      1,150 SF

      3909 Newberry Rd Ste H

      CONDOMINIUM OFFICES
      3909 Newberry Rd Ste H, Gainesville, FL 32607-2367
      View Details
    • Value Estimation
      $1,215,000
      1,400 SF

      3909 Newberry Rd Ste D

      CONDOMINIUM OFFICES
      3909 Newberry Rd Ste D, Gainesville, FL 32607-2367
      View Details
    • Value Estimation by Request
      2,066 SF

      611 60th St Ste A

      CONDOMINIUM OFFICES
      611 60th St Ste A, Gainesville, FL 32607-2053
      View Details
    • Value Estimation by Request
      1,152 SF

      519 60th St E E Ste

      CONDOMINIUM OFFICES
      519 60th St E E Ste, Gainesville, FL 32607-2054
      View Details

    Similar Nearby for Sale

    • $903,500

      Gainesville Land Near University

      1.3-acre pad site near SW 34th and Hull Road.
      3700 Hull Rd, Gainesville, FL 32607
      View Details
    • Contact for pricing
      390,733 SF

      Gainesville High-Density Development Land

      8.97 acres of high-density land suitable for mixed-use development.
      4510 SW 24Th Ave, Gainesville, FL 32607
      View Details
    • Contact for pricing

      Commercial Pad-Ready Site Available

      Pad-ready site suitable for retail, hospitality, or office use.
      7379 SW 17Th Rd N-1, Gainesville, FL 32607
      View Details
    • $260,000

      Gainesville Office Building Investment

      Renovated 1,570 SF office building in Gainesville, Florida.
      7733 West Newberry Rd, Gainesville, FL 32607
      View Details
    • $7,750,000

      Gainesville Office Building on 9.45 Acres

      Three-story office building with high visibility and flexible leasing options.
      6901 SW 24Th St, Gainesville, FL 32607
      View Details
    • Contact for pricing

      Gainesville Office Building Near I-75

      10,000± SF office space with easy I-75 access.
      7600 NW 5Th Pl, Gainesville, FL 32607
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,102 SF

      Retail Space Near UF

      Retail and office spaces near Downtown and UF. Available for lease.
      3501 SW 2Nd Ave, Gainesville, FL 32607
      View Details
    • $16 SF/Yr
      711 SF

      Gainesville Office Suites For Rent

      Office suites available in a sought-after Gainesville location.
      3434 SW 24Th Ave, Gainesville, FL 32607
      View Details
    • $13 SF/Yr
      1,400 SF

      Gainesville Office Suites For Rent

      Office suites available near Archer Road, UF Health, and UF.
      3434 SW 24Th Ave, Gainesville, FL 32607
      View Details
    • $219,996

      Gainesville Commercial Building For Lease

      Spacious commercial building suitable for various business uses in Gainesville.
      7510 NW 4Th Blvd, Gainesville, FL 32607
      View Details
    • Contact for pricing

      Customizable Office Space Available

      Two-story office building with customizable first floor.
      100 NW 76Th Dr, Gainesville, FL 32607
      View Details
    • $2,500 /Mo
      49,281 SF

      Gainesville Office Space For Rent

      Prime location office space with ample parking and street signage.
      3601 SW 2Nd Ave, Gainesville, FL 32607
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Gainesville, FL 32607
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Gainesville, FL, 32607
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!