Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,465,000
Parking lots & garages
1516 5th St Gainesville, FL 32601
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-9245341
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1985
Total area
1,186 SF
Lot
0.22 ac (9,583 SF)
Zoning code
U6
APN
09758-000-000
UPID
US18-9245341
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.47M
Owner & transaction history
First Power Group LLC · 4 yrs held
First Power Group LLC
since 2022
Last sale
$2.7M
7 recorded transactions
Zoning & alternative use
U6 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
nt the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single…
Zone name
Urban 6
General category
MIXED_USE
Zone area
335.25 ac
Source
code of ordinances
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
$2,225,000
ML approach
$2,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.47M
Range $2.22M – $2.71M · ±10% · vs last sale $2.74M (Apr 27 2022)
Last sale anchor
$2.74M
Apr 27 2022
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
$2,078 / 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
$1,210
Tax year 2023
Assessed value
$53,438
Assessed 2023
Previous assessed
$53,438
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$50,000
Assessed improvement
$3,438
Land market value
$50,000
Improvement market value
$3,438
Total market value
$53,438
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Bathrooms
1
Total area
1,186 SF
Lot
0.22 ac (9,583 SF)
Zoning code
U6
APN
09758-000-000
UPID
US18-9245341
Jurisdiction
ALACHUA
Zoning & alternative use
U6 · Gainesville, FLZoning U6 · permitted uses
U6 · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
nt the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use
Zone name
Urban 6
General category
MIXED_USE
Zone area
335.25 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
First Power Group LLC
Entity
Mailing address
8676 HAWKWOOD BAY DR, BOYNTON BEACH, FL 33473-7822
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2022
$2,740,000
First Power Group LLC
Kitek Trs Fla LLC
Special Warranty Deed
—
Sep 1, 2021
$1,034,000
Ktex Trs Fla LLC
Benjamin Atkins
Special Warranty Deed
—
Jan 11, 2018
$103,000
Benjamin Atkins
Hollier,olivia
Warranty Deed
—
Dec 4, 2002
$75,000
David C Bell
Stansberry,terry W & Patricia G
Grant Deed
$71,250 · Suntrust Bank NA
—
—
Terry W Stansberry
—
Deed Of Trust
related
$68,042 · Barnett Bank
—
—
David C Bell
—
Deed Of Trust
related
$96,000 · Countrywide Home Loans INC
—
—
Terry W Stansberry
—
Deed Of Trust
related
$64,000 · Chase Manhattan Mortgage Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1516 5th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
