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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
Hotels
1250 University Ave Gainesville, FL 32601-5782
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-7142714
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1965
Total area
74,264 SF
Lot
2.32 ac (101,059 SF)
Zoning code
U9
APN
13990-000-000
UPID
US18-7142714
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
-
Bistro 45 Restaurant
-
Sweetwater Gainesville Apartments Apartment Complex
-
Holiday Inn Gainesville-University Ctr, an IHG Hotel Hotel & Motel
-
Portal Realty Real Estate Agency
-
Piesanos Stone Fired Pizza Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.21M
Owner & transaction history
Finova Capital Corp · 21 yrs held
Finova Capital Corp
since 2005
5 recorded transactions
Zoning & alternative use
U9 · 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
by Request
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,350,000
Current use
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10%
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
$16 / 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
$262,074
Tax year 2023
Assessed value
$11,137,800
Assessed 2023
Previous assessed
$10,734,600
+3.8% YoY
Effective rate
2.35%
On assessed value
Assessed land
$8,143,737
Assessed improvement
$2,994,063
Land market value
$8,143,737
Improvement market value
$2,994,063
Total market value
$11,137,800
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1965
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Rooms
185
Bathrooms
58
Total area
74,264 SF
Lot
2.32 ac (101,059 SF)
Zoning code
U9
APN
13990-000-000
UPID
US18-7142714
Jurisdiction
ALACHUA
Zoning & alternative use
U9 · Gainesville, FL
Zoning U9 · permitted uses
U9 · 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
HOTEL/MOTEL Current
Est. value
$1.4M
HOTEL/MOTEL Current
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
1965
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
185
Bathrooms
58
Lot
2.32 ac
Current owner
From public records · entity-resolved
Finova Capital Corp
Entity
Mailing address
1250 W UNIVERSITY AVE, GAINESVILLE, FL 32601-5782
Ownership since
2005
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
Jun 27, 2017
—
Gainesville Downtown Inn Ventu
—
Loan Modification
related
$5,650,000 · Usameribank
Jan 25, 2017
—
Gainesville Downtown Inn Ventu
—
Deed
related
$1,750,000 · Usameribank
Jun 17, 2005
—
Finova Capital Corp
Dennys Franchise Holding II
Trustees Deed
related
—
—
—
Gainesville Downtown Inn Ventu
—
Deed Of Trust
related
$1,750,000 · Usameribank
—
—
Gainesville Downtown Inn Ventu
—
Deed Of Trust
related
$4,460,000 · Column Financial INC
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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