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Property profile & analytics
OFF-MARKET
Estimated value
$16,070,000
Hotels
1311 16th St Gainesville, FL 32608-1128
Individually Owned
19-yr Hold
Free & Clear
Property ID
US18-2971275
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2020
Construction
CONCRETE
Total area
221,787 SF
Lot
24.04 ac (1,047,226 SF)
Zoning code
U9
APN
15482-000-000
UPID
US18-2971275
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
-
Karen Valentine Physician
-
Quality Care Rehab Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.55M
Comparable Approach
Comparable
$14.60M
Blend (final)
Blend
$16.07M
Owner & transaction history
Teaching Hosp Shands · 19 yrs held
Teaching Hosp Shands
since 2007
3 recorded transactions
Zoning & alternative use
U9 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$26.4M
+348.8%
Warehouse, storage
$24.8M
+322.8%
Retail stores
$24.2M
+311.7%
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
by Request
CAP Approach
CAP Return
Estimation
6%
$19,005,000
6.5%
$17,545,000
7%
$16,290,000
Alternative Use
Use
Estimation
RESTAURANT
$26,355,000
Change: +349% · Conversion: Difficult
WAREHOUSE, STORAGE
$24,830,000
Change: +323% · Conversion: Difficult
RETAIL STORES
$24,180,000
Change: +312% · Conversion: Difficult
COMMERCIAL (GENERAL)
$23,365,000
Change: +298% · Conversion: Difficult
Blend value · Realmo final
$16.07M
Range $14.46M – $17.68M · ±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
$72 / 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
$13,971
Tax year 2023
Assessed value
$346,179,280
Assessed 2023
Previous assessed
$346,179,280
+0.0% YoY
Effective rate
0.00%
On assessed value
Assessed land
$15,708,351
Assessed improvement
$330,470,929
Land market value
$15,708,351
Improvement market value
$330,470,929
Total market value
$346,179,280
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
2020
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
8
Stories
5
Units
100
Rooms
1
Bathrooms
363
Total area
221,787 SF
Lot
24.04 ac (1,047,226 SF)
Zoning code
U9
APN
15482-000-000
UPID
US18-2971275
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
RESTAURANT
Est. value
$26.4M
WAREHOUSE, STORAGE
Est. value
$24.8M
RETAIL STORES
Est. value
$24.2M
COMMERCIAL (GENERAL)
Est. value
$23.4M
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2020
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Buildings
8
Units
100
Rooms
1
Bathrooms
363
Lot
24.04 ac
Current owner
From public records · entity-resolved
Teaching Hosp Shands
Individual
Free & Clear · 19 yrs held
Mailing address
PO BOX 100336, GAINESVILLE, FL 32610-0336
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 22, 2007
—
Teaching Hosp Shands
Southeastern Healthcare Foun I
Warranty Deed
related
—
Feb 28, 2006
$17,500,000
Southeastern Healthcare Foun I
University Nursing Care Center
Warranty Deed
—
—
—
University Nursing Care Center
—
Deed Of Trust
related
$300,000 · Eilon Krugman-kadi
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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