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Property profile & analytics
FOR LEASE
Retail space
1360 W University Ave Gainesville, FL 32603
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-8393998
For Lease
1 / 28
$7,450,000
1360 W University Ave, Gainesville, FL 32603
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
STEEL FRAME
Total area
39,130 SF
Lot
2.5 ac (108,900 SF)
Zoning code
PD
APN
14898-001-000
UPID
US18-8393998
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
-
SemaConnect Charging Station Electric Vehicle Charging Station
-
Blink Charging Station Electric Vehicle Charging Station
-
City Food Hall Gainesville Restaurant
-
The Standard at Gainesville Student Housing Center Apartment Building
-
Rush Bowls Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.39M
Comparable Approach
Comparable
$7.26M
Blend (final)
Blend
$7.45M
Owner & transaction history
Lm Gainesville LLC · 7 yrs held
Lm Gainesville LLC
since 2018
2 recorded transactions
Zoning & alternative use
PD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.9M
+29.5%
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%
$6,915,000
6.5%
$6,385,000
7%
$5,925,000
Alternative Use
Use
Estimation
RETAIL STORES
$8,440,000
Current use
RESTAURANT
$10,930,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$7.45M
Range $6.71M – $8.20M · ±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
$190 / 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
$2,905,679
Tax year 2023
Assessed value
$125,639,500
Assessed 2023
Previous assessed
$122,310,300
+2.7% YoY
Effective rate
2.31%
On assessed value
Assessed land
$31,600,072
Assessed improvement
$94,039,428
Land market value
$31,600,072
Improvement market value
$94,039,428
Total market value
$125,639,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
12
Stories
10
Units
322
Rooms
3
Bathrooms
16
Total area
39,130 SF
Lot
2.5 ac (108,900 SF)
Zoning code
PD
APN
14898-001-000
UPID
US18-8393998
Jurisdiction
ALACHUA
Zoning & alternative use
PD · Gainesville, FL
Zoning PD · permitted uses
PD · 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
RETAIL STORES Current
Est. value
$8.4M
RESTAURANT
Est. value
$10.9M
RETAIL STORES Current
RESTAURANT
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
10
Buildings
12
Units
322
Rooms
3
Bathrooms
16
Lot
2.5 ac
Current owner
From public records · entity-resolved
Lm Gainesville LLC
Entity
Mailing address
PO BOX 130339, CARLSBAD, CA 92013-0339
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 19, 2018
—
Lm Gainesville LLC
—
Deed
related
$337,062,500 · Hsbc Bk USA NA
—
—
Lm Gainesville LLC
—
Loan Modification
related
$337,062,500 · Hsbc Bk USA NA
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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