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Property profile & analytics
OFF-MARKET
Estimated value
$235,000
Office buildings
1203 16th Ave Gainesville, FL 32601-4674
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-0592378
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1956
Construction
WOOD
Total area
1,672 SF
Lot
0.2 ac (8,712 SF)
Zoning code
U4
APN
09542-010-002
UPID
US18-0592378
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
-
Owens-Willis Appraisals Real Estate Agency
-
Gator Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Kids On the Move Physician
-
Claudia Senesac, PT Physician
-
SL Construction & Remodeling, Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$240k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$235k
Owner & transaction history
Brian & Sean Investing LLC · 5 yrs held
Brian & Sean Investing LLC
since 2020
Last sale
$239,000
7 recorded transactions
Zoning & alternative use
U4 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
established to implement the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mo…
Zone name
Urban 4
General category
RESIDENTIAL
Zone area
218.94 ac
Source
code of ordinances
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
$235,000
ML approach
$240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$235k
Range $212k – $259k · ±10% · vs last sale $239k (Nov 30 2020)
Last sale anchor
$239k
Nov 30 2020
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
$141 / 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
$2,219
Tax year 2023
Assessed value
$86,500
Assessed 2023
Previous assessed
$86,500
+0.0% YoY
Effective rate
2.57%
On assessed value
Assessed land
$46,166
Assessed improvement
$40,334
Land market value
$46,166
Improvement market value
$40,334
Total market value
$86,500
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1956
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
8
Bathrooms
6
Total area
1,672 SF
Lot
0.2 ac (8,712 SF)
Zoning code
U4
APN
09542-010-002
UPID
US18-0592378
Jurisdiction
ALACHUA
Zoning & alternative use
U4 · Gainesville, FLZoning U4 · permitted uses
U4 · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
established to implement the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresid
Zone name
Urban 4
General category
RESIDENTIAL
Zone area
218.94 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1956
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
8
Bathrooms
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Brian & Sean Investing LLC
Entity
Mailing address
1506 NW 36TH WAY, GAINESVILLE, FL 32605-4840
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
—
Brian & Sean Investing LLC
—
Deed
related
$189,000 · Raleighnomics LLC
Nov 30, 2020
$239,000
Brian & Sean Investing LLC
Raleighnomics LLC
Warranty Deed
$189,000 · Raleighnomics LLC
Sep 4, 2020
$95,000
Raleighnomics LLC
Kenneth R Ehresmann
Warranty Deed
—
Oct 24, 2016
$83,000
Kenneth R Ehresmann
Allen,melinda K
Warranty Deed
—
May 28, 2014
—
Melinda O Willis
Willis,john S & Melinda O
Quit Claim Deed
related
—
Sep 3, 2002
$85,000
John S Willis
Owens,karl R & Janet G
Grant Deed
$85,000 · Karl R & Janet G Owens
—
—
Brian & Sean Investing LLC
—
Deed Of Trust
related
$189,000 · Raleighnomics 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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