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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Medical Office Space
1147 64th Ter Gainesville, FL 32605-4218
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4972136
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,377 SF
Lot
0.49 ac (21,344 SF)
Zoning code
MD
APN
06340-007-005
UPID
US18-4972136
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
-
Andres W Bhatia MD Physician
-
Christopher Sowers Medical School
-
Dean Mccarley Physician
-
Jonathan Myrtil Physician
-
Jesse Winton Medical School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.35M
CAP Approach
CAP
$2.40M
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.44M
Owner & transaction history
Box R Investments LLC · 4 yrs held
Box R Investments LLC
since 2021
Last sale
$3.3M
5 recorded transactions
Zoning & alternative use
MD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+94.3%
Retail stores
$2.7M
+50.0%
Office building
$2.1M
+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
$2,480,000
ML approach
$2,345,000
CAP Approach
CAP Return
Estimation
6%
$2,595,000
6.5%
$2,395,000
7%
$2,225,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,780,000
Current use
RESTAURANT
$3,455,000
Change: +94% · Conversion: Difficult
RETAIL STORES
$2,670,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$2,055,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$1,555,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $3.28M (Dec 21 2021)
Last sale anchor
$3.28M
Dec 21 2021
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
$197 / 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
$62,609
Tax year 2023
Assessed value
$2,744,100
Assessed 2023
Previous assessed
$2,744,100
+0.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$798,321
Assessed improvement
$1,945,779
Land market value
$798,321
Improvement market value
$1,945,779
Total market value
$2,744,100
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
47
Bathrooms
35
Total area
12,377 SF
Lot
0.49 ac (21,344 SF)
Zoning code
MD
APN
06340-007-005
UPID
US18-4972136
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
$1.8M
RESTAURANT
Est. value
$3.5M
RETAIL STORES
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.6M
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
2002
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
47
Bathrooms
35
Lot
0.49 ac
Current owner
From public records · entity-resolved
Box R Investments LLC
Entity
Mailing address
2450 RIVERBLUFF DR, NIXA, MO 65714-8038
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$3,281,000
Box R Investments LLC
Ica 1147 Mob LLC
Special Warranty Deed
$2,460,750 · Bancorpsouth Bank
Jun 12, 2020
$2,379,182
Oca 1147 Mob LLC
Ghoa Real Estate INC
Special Warranty Deed
—
Feb 3, 2017
—
Ghoa Real Estate INC
—
Deed
related
—
—
—
Ghoa Real Estate INC
—
Deed Of Trust
related
$140,000 · Td Bank NA
—
—
Ghoa Real Estate INC
—
Loan Modification
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.
Try Rey
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