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Property profile & analytics
FOR LEASE
Office buildings
1212 NW 12Th Ave Gainesville, FL 32601
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5376531
For Lease
1 / 12
$1,500/Mo
1212 NW 12Th Ave, Gainesville, FL 32601
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,676 SF
Lot
0.37 ac (16,117 SF)
Zoning code
U4
APN
09536-000-000
UPID
US18-5376531
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
-
Clifford A. Levin, PHD Physician Medical Clinic
-
Community Behavioral Services Physician Medical Clinic
-
Harry D. Krop, PHD Physician Medical Clinic
-
Victorian Rose Needlearts (Bike/Boat/Book/etc) Store
-
Growth Point Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$595k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$382k
Blend (final)
Blend
$600k
Owner & transaction history
Pds Defense LLC · 2 yrs held
Pds Defense LLC
since 2023
Last sale
$600,100
5 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
Top alternative use upside
Medical building
$685,000
+18.3%
Warehouse, storage
$590,000
+1.3%
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
$600,000
ML approach
$595,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$580,000
Current use
MEDICAL BUILDING
$685,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$590,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Nov 14 2023)
Last sale anchor
$600k
Nov 14 2023
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
$128 / 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
$6,270
Tax year 2023
Assessed value
$257,300
Assessed 2023
Previous assessed
$257,300
+0.0% YoY
Effective rate
2.44%
On assessed value
Assessed land
$102,000
Assessed improvement
$155,300
Land market value
$102,000
Improvement market value
$155,300
Total market value
$257,300
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
For Lease
Year built
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
100
Rooms
25
Bathrooms
12
Total area
4,676 SF
Lot
0.37 ac (16,117 SF)
Zoning code
U4
APN
09536-000-000
UPID
US18-5376531
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$580,000
MEDICAL BUILDING
Est. value
$685,000
WAREHOUSE, STORAGE
Est. value
$590,000
OFFICE BUILDING Current
MEDICAL 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
1975
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
25
Bathrooms
12
Lot
0.37 ac
Current owner
From public records · entity-resolved
Pds Defense LLC
Entity
Free & Clear · 2 yrs held
Mailing address
1125 NE 8TH AVE, GAINESVILLE, FL 32601-4575
Ownership since
2023
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
Nov 17, 2023
—
Pds Defense LLC
The 13th Street Partners LLP
Correction Deed
related
—
Nov 14, 2023
$600,100
Pds Defense LLC
The 4131 Partners LLP
Warranty Deed
—
Jun 18, 2004
$172,500
13th Street Partners LLP
Bamo INC
Grant Deed
—
Jun 14, 2004
$172,500
Bamo INC
Editorial Enterprises Corp
Grant Deed
—
Jun 14, 2004
$57,500
13th Street Partners LLP
Editorial Enterprises Corp
Grant Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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