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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Office buildings
1229 22nd Ave Gainesville, FL 32609-3476
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-2112308
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,799 SF
Lot
0.75 ac (32,670 SF)
Zoning code
U8
APN
08722-000-000
UPID
US18-2112308
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
$835k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.16M
Blend (final)
Blend
$925k
Owner & transaction history
Metro Treatment Of Florida LP · 4 yrs held
Metro Treatment Of Florida LP
since 2022
Last sale
$930,000
4 recorded transactions
Zoning & alternative use
U8 · 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
$755,000
ML approach
$835,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $930k (Feb 1 2022)
Last sale anchor
$930k
Feb 1 2022
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
$105 / 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
$21,825
Tax year 2023
Assessed value
$928,550
Assessed 2023
Previous assessed
$705,538
+31.6% YoY
Effective rate
2.35%
On assessed value
Assessed land
$443,196
Assessed improvement
$485,354
Land market value
$443,196
Improvement market value
$485,354
Total market value
$928,550
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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
30
Bathrooms
41
Total area
8,799 SF
Lot
0.75 ac (32,670 SF)
Zoning code
U8
APN
08722-000-000
UPID
US18-2112308
Jurisdiction
ALACHUA
Zoning & alternative use
U8 · Gainesville, FL
Zoning U8 · permitted uses
U8 · 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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
30
Bathrooms
41
Lot
0.75 ac
Current owner
From public records · entity-resolved
Metro Treatment Of Florida LP
Entity
Free & Clear · 4 yrs held
Mailing address
2500 MAITLAND CTR PKWY STE #250, MAITLAND, FL 32751-4174
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 1, 2022
$930,000
Metro Treatment Of Florida LP
Elizabeth P Alsobrook
Special Warranty Deed
—
Jun 15, 2020
—
Alsobrook Office Pk Owners Ass
Elizabeth P Alsobrook
Quit Claim Deed
—
Jun 15, 2020
$543,857
Gainesville Lodge No 41 Free
Elizabeth P Alsobrook
Warranty Deed
—
Nov 24, 2015
—
Elizabeth P Alsobrook
B & D Invs Of Gainesville LLC
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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