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Property profile & analytics
OFF-MARKET
Estimated value
$1,695,000
Hotels
101 1st Ave Gainesville, FL 32601-6819
Entity Owned
9-yr Hold
Absentee Owner
Property ID
US18-9875937
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Construction
STEEL FRAME
Total area
71,879 SF
Lot
0.35 ac (15,246 SF)
Zoning code
DT
APN
14589-000-000
UPID
US18-9875937
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
Current use
Occupant on record · Public records
-
Hampton Inn & Suites Gainesville-Downtown Hotel & Motel
-
Harmony Habitats Realty & Property Management Property Management Company
-
Gainesville Charity Car Donation Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.70M
Owner & transaction history
Key Gainesville LLC · 9 yrs held
Key Gainesville LLC
since 2016
7 recorded transactions
Zoning & alternative use
DT · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Gainesville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gainesville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$1,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,310,000
Current use
Blend value · Realmo final
$1.70M
Range $1.53M – $1.86M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$24 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$386,083
Tax year 2023
Assessed value
$17,441,500
Assessed 2023
Previous assessed
$15,358,100
+13.6% YoY
Effective rate
2.21%
On assessed value
Assessed land
$3,954,918
Assessed improvement
$13,486,582
Land market value
$3,954,918
Improvement market value
$13,486,582
Total market value
$17,441,500
Applied tax rate
3,600.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
124
Total area
71,879 SF
Lot
0.35 ac (15,246 SF)
Zoning code
DT
APN
14589-000-000
UPID
US18-9875937
Jurisdiction
ALACHUA
Zoning & alternative use
DT · Gainesville, FL
Zoning DT · permitted uses
DT · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gainesville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.3M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
124
Lot
0.35 ac
Current owner
From public records · entity-resolved
Key Gainesville LLC
Entity
Mailing address
848 BRICKELL AVE STE #1100, MIAMI, FL 33131-2943
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 27, 2019
—
Key Gainesville LLC
—
Deed
related
$18,500,000 · Valley Nat'l Bk
Sep 6, 2016
$26,500,000
Key Gainesville LLC
Ashford Gainesville LP
Grant Deed
—
May 5, 2015
$119,396
Ashford Gainesville LP
First Street Lodging LLC
Grant Deed
—
Dec 30, 2010
$795,000
First Street Corners INC
First Street Lodging LLC
Warranty Deed
$1,208,750 · Alarion Bank
Dec 30, 2010
—
First Street Lodging LLC
City Of Gainesville
Quit Claim Deed
related
—
Dec 21, 2007
$342,000
First Street Lodging LLC
City Of Gainesville Florida
Grant Deed
—
—
—
First Street Corners INC
—
Deed Of Trust
related
$954,297 · Alarion Bank
—
—
Ashford Gainesville LP
—
Deed Of Trust
related
$21,200,000 · Ul Holdings Nt-ii LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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