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Property profile & analytics
OFF-MARKET
Estimated value
$3,820,000
Office buildings
1479 74th Dr Gainesville, FL 32607-0002
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-9090333
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2021
Construction
STEEL FRAME
Total area
14,958 SF
Lot
0.35 ac (15,246 SF)
Zoning code
MU2
APN
06676-011-003
UPID
US18-9090333
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
-
Tower Hill Insurance Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.20M
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$3.82M
Owner & transaction history
Hitchcock & Sons INC · 4 yrs held
Hitchcock & Sons INC
since 2021
Last sale
$5.0M
1 recorded transaction
Zoning & alternative use
MU2 · 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
$3,795,000
ML approach
$3,200,000
CAP Approach
CAP Return
Estimation
6%
$3,315,000
6.5%
$3,060,000
7%
$2,845,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,785,000
Current use
Blend value · Realmo final
$3.82M
Range $3.44M – $4.20M · ±10% · vs last sale $5.02M (Dec 29 2021)
Last sale anchor
$5.02M
Dec 29 2021
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
$255 / 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
$73,033
Tax year 2023
Assessed value
$3,213,600
Assessed 2023
Previous assessed
$3,213,600
+0.0% YoY
Effective rate
2.27%
On assessed value
Assessed land
$1,189,247
Assessed improvement
$2,024,353
Land market value
$1,189,247
Improvement market value
$2,024,353
Total market value
$3,213,600
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
Status
Off-Market
Year built
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
32
Total area
14,958 SF
Lot
0.35 ac (15,246 SF)
Zoning code
MU2
APN
06676-011-003
UPID
US18-9090333
Jurisdiction
ALACHUA
Zoning & alternative use
MU2 · Gainesville, FL
Zoning MU2 · permitted uses
MU2 · 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
OFFICE BUILDING Current
Est. value
$5.8M
OFFICE BUILDING 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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
32
Lot
0.35 ac
Current owner
From public records · entity-resolved
Hitchcock & Sons INC
Entity
Free & Clear · 4 yrs held
Mailing address
29220 NW 122ND ST, ALACHUA, FL 32615-3240
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2021
$5,023,049
Hitchcock & Sons INC
Tower Road Investment Group Lllp
Special Warranty Deed
—
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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