7001 4Th BlvdGainesville, FL 32607

  • Office buildings
  • 20,218 SF
For Sale
$4,300,000 View listing

Property Details for 7001 4Th Blvd

Year built
1992
Construction
STEEL FRAME
Lot size
2.74 AC
Property size (Sq ft)
20,218 SF
Zone code
BR
Property type
Office buildings
APN
06654-007-000
APU
6654007000

Description

This exceptional 21,360-square-foot mixed-use building presents a compelling value-add investment opportunity in Gainesville, Florida. Located at 7001 NW 4th Blvd, this Class A property sits on a substantial 2.74-acre lot and boasts 136 dedicated parking spaces, complemented by two rear bay doors and a loading dock. Built in 1992 and renovated in 2014, the building features a newer TPO roof (installed in 2020) atop existing tar and gravel. Currently vacant, the interior comprises 31 rooms, reflecting its previous use as an educational facility. The property's zoning (BR - Businesses, Retail Sales, and Services) allows for diverse uses. Its prime location offers excellent visibility and accessibility, situated off I-75 and Newberry Road, less than five miles from the University of Florida. Benefit from the strong surrounding retail environment, including nearby Home Depot, Summit Salon Academy, Restaurant Depot, Blue Pearl, Advance Auto Parts, Publix, TJ Maxx, Home Goods, Bealls, Floor & Decor, Ulta Beauty, Petco, ABC Fine Wine & Spirits, The Oaks Mall, Hobby Lobby, and HCA Florida - North Florida Hospital. The asking price is $4,300,000, translating to $201 per square foot. This fee-simple ownership presents a rare chance to acquire a significant property in a thriving Gainesville submarket. The single-story building offers a blank canvas for a variety of commercial ventures.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $4,948,220
    6.5%
    $4,567,590
    7%
    $4,241,330
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,375,030
    Geo Method
    $1,375,030
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $8,926,090
    Retail / Commercial
    $4,590,260
    Mixed-Use / Specialty
    $4,584,150
    Hospitality / Lodging
    $3,376,590
    Institutional / Educational
    $4,769,330
    Residential Income
    $5,580,110
    Multifamily
    $6,635,660
    Automotive / Energy
    $4,087,990
    Parking / Income-Based Land
    $1,400,590
    Restaurant / Food Service
    $2,406,130
    Healthcare / Senior Housing
    $4,690,440

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.6552
Longitude
-82.4173
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
$24,370
$954,800
$212,900
$1,167,700
-
$954,800
$212,900
$1,167,700

FAQs

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