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Property profile & analytics
OFF-MARKET
Estimated value
$1,240,000
Medical Office Space
1121 64th Ter Gainesville, FL 32605-4243
Individually Owned
Free & Clear
Property ID
US18-0672094
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1981
Construction
WOOD
Total area
7,219 SF
Lot
0.73 ac (31,799 SF)
Zoning code
MD
APN
06340-010-001
UPID
US18-0672094
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
-
HCA Florida Gainesville Surgical Associates Medical Clinic Hospital
-
Heart And Lung Surgical Associates Physician
-
Ruthann Nettleton Physician
-
Michael Jantz, MD Physician
-
Vascular Surgery Specialists Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$957k
Blend (final)
Blend
$1.24M
Owner & transaction history
North Fl Regional Medical Center In
North Fl Regional Medical Center In
since 2025
Last sale
$1.6M
2 recorded transactions
Zoning & alternative use
MD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+94.3%
Retail stores
$1.6M
+50.0%
Office building
$1.2M
+15.5%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,040,000
Current use
RESTAURANT
$2,015,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$1,555,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$1,200,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$905,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.24M
Range $1.12M – $1.36M · ±10% · vs last sale $1.59M (Jul 28 2025)
Last sale anchor
$1.59M
Jul 28 2025
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
$172 / 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
$19,657
Tax year 2023
Assessed value
$838,800
Assessed 2023
Previous assessed
$838,800
+0.0% YoY
Effective rate
2.34%
On assessed value
Assessed land
$239,700
Assessed improvement
$599,100
Land market value
$239,700
Improvement market value
$599,100
Total market value
$838,800
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
42
Bathrooms
32
Total area
7,219 SF
Lot
0.73 ac (31,799 SF)
Zoning code
MD
APN
06340-010-001
UPID
US18-0672094
Jurisdiction
ALACHUA
Zoning & alternative use
MD · Gainesville, FL
Zoning MD · permitted uses
MD · 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
MEDICAL BUILDING Current
Est. value
$1.0M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$905,000
MEDICAL BUILDING Current
RESTAURANT
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
42
Bathrooms
32
Lot
0.73 ac
Current owner
From public records · entity-resolved
North Fl Regional Medical Center In
Individual
Free & Clear · 0 yrs held
Mailing address
6970 STANDING PNES LN, TALLAHASSEE, FL 32312-9675
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2025
$1,590,000
North Fl Regional Medical Center In
Gainesville Surgical Specialties Ll
Warranty Deed
—
Nov 30, 2015
—
Gainesville Surgical Specialti
Croushore,elmer E
Quit Claim Deed
related
—
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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