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Property profile & analytics
OFF-MARKET
Community centers
1349 23rd Ave, Gainesville, FL 32605-3014
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US18-3994628
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
7,965 SF
Lot
12.23 ac (532,739 SF)
Zoning code
U8
APN
09009-001-000
UPID
US18-3994628
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
-
Subway Restaurant Take-out & Catering
-
Eastern Market (Bike/Boat/Book/etc) Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Fl Verde Plaza Holdings LLC
Fl Verde Plaza Holdings LLC
since 2026
Last sale
$16.5M
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$185,470
Tax year 2023
Assessed value
$10,175,100
Assessed 2023
Previous assessed
$9,274,400
+9.7% YoY
Effective rate
1.82%
On assessed value
Assessed land
$6,669,261
Assessed improvement
$3,505,839
Land market value
$6,669,261
Improvement market value
$3,505,839
Total market value
$10,175,100
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
11
Stories
1
Units
100
Rooms
3
Bathrooms
154
Total area
7,965 SF
Lot
12.23 ac (532,739 SF)
Zoning code
U8
APN
09009-001-000
UPID
US18-3994628
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
2005
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
11
Units
100
Rooms
3
Bathrooms
154
Lot
12.23 ac
Current owner
From public records · entity-resolved
Fl Verde Plaza Holdings LLC
Entity
Mailing address
8650 OLD KINGS RD S STE #12, JACKSONVILLE, FL 32217-4865
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2026
$16,450,000
Fl Verde Plaza Holdings LLC
Verde Plaza Bas LLC
Special Warranty Deed
—
Jun 23, 2025
—
Verde Plaza Bas LLC
Verde Plaza LLC
Deed
related
—
May 21, 2014
—
Verde Plaza LLC
Benjamin Adam Setzer
Correction Deed
related
$900,000 · First Atlantic Bank
Sep 20, 2007
—
Verde Plaza LLC
Setzer Faye Living Trust
Grant Deed
—
Sep 10, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Jul 24, 2007
—
Benjamin A A Setzer
Setzer Benjamin A Trust
Quit Claim Deed
related
—
Oct 18, 2005
—
Setzer Faye Trust
Setzer Faye A Trust
Quit Claim Deed
related
—
—
—
Verde Plaza LLC
—
Deed Of Trust
related
$963,897 · Leonard R Setzer
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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