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Property profile & analytics
OFF-MARKET
Estimated value
$2,500,000
Bars & Pubs
116 1st Ave Gainesville, FL 32601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3379738
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,892 SF
Lot
0.11 ac (4,792 SF)
Zoning code
DT
APN
14611-000-000
UPID
US18-3379738
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.50M
Owner & transaction history
Gcc Group Holdings LLC · 2 yrs held
Gcc Group Holdings LLC
since 2024
Last sale
$2.5M
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
$2,500,000
ML approach
$2,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.50M
Range $2.25M – $2.75M · ±10% · vs last sale $2.50M (Jan 12 2024)
Last sale anchor
$2.50M
Jan 12 2024
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
$511 / 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
$11,180
Tax year 2023
Assessed value
$437,743
Assessed 2023
Previous assessed
$437,743
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$287,496
Assessed improvement
$150,247
Land market value
$287,496
Improvement market value
$150,247
Total market value
$437,743
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
3
Units
100
Rooms
5
Bathrooms
9
Total area
4,892 SF
Lot
0.11 ac (4,792 SF)
Zoning code
DT
APN
14611-000-000
UPID
US18-3379738
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.
Building & site characteristics
From public records
Year built
1905
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
100
Rooms
5
Bathrooms
9
Lot
0.11 ac
Current owner
From public records · entity-resolved
Gcc Group Holdings LLC
Entity
Mailing address
317 71ST ST, MIAMI BEACH, FL 33141-3013
Ownership since
2024
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
Jan 12, 2024
$2,500,000
Gcc Group Holdings LLC
Rkr Ventures LLC
Special Warranty Deed
$2,000,000 · Rkr Ventures LLC
Oct 27, 2021
—
Rkr Ventures LLC
Elizabeth P Rice
Personal Representative Deed
—
Aug 27, 2021
—
Virginia Gray
Marjorie Lebin
Quit Claim Deed
related
—
Jul 28, 2021
—
Shellie Virginia Gray
Bank Of America NA
Deed
—
Apr 9, 2021
—
Michelle Renee Karahalios
Efstathios Karahalios
Intrafamily Transfer
related
—
Jul 27, 2009
—
Keys Roberta G Cst Trust
Keys,roberta G
Quit Claim Deed
related
—
Jan 30, 2006
—
Donna K Rice
Rice,jay D
Quit Claim Deed
related
—
Feb 1, 1985
$47,400
Owner Name Unavailable
Owner Name Unavailable
Grant 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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