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Property profile & analytics
OFF-MARKET
Retail space
1614 University Ave Gainesville, FL 32603
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-5128389
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
15,066 SF
Lot
0.25 ac (10,890 SF)
Zoning code
U8
APN
14970-000-000
UPID
US18-5128389
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
-
Trulieve Gainesville College Park Dispensary (Bike/Boat/Book/etc) Store
-
PNC ATM Atm
-
VyStar Credit Union ATM Atm
-
Wawa (Bike/Boat/Book/etc) Store
-
Amazon Hub Locker - Battista Courier Service Postal Service
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
Gainesville Unwersity Arct LLC · 5 yrs held
Gainesville Unwersity Arct LLC
since 2021
Last sale
$13.2M
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
$46,539
Tax year 2023
Assessed value
$2,015,160
Assessed 2023
Previous assessed
$2,017,731
-0.1% YoY
Effective rate
2.31%
On assessed value
Assessed land
$980,100
Assessed improvement
$1,035,060
Land market value
$980,100
Improvement market value
$1,035,060
Total market value
$2,015,160
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
Off-Market
Year built
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
1
Rooms
8
Bathrooms
8
Total area
15,066 SF
Lot
0.25 ac (10,890 SF)
Zoning code
U8
APN
14970-000-000
UPID
US18-5128389
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
2020
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Rooms
8
Bathrooms
8
Lot
0.25 ac
Current owner
From public records · entity-resolved
Gainesville Unwersity Arct LLC
Entity
Free & Clear · 5 yrs held
Mailing address
1111 RUSSELL DR APT A, HIGHLAND BEACH, FL 33487-4278
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2021
$2,101,400
Gainesville Unwersity Arct LLC
Prevesta Ufb LLC
Special Warranty Deed
—
May 21, 2021
$13,200,000
Carretta IV LLC
Prevesta Ufb LLC
Special Warranty Deed
—
Jul 8, 2020
—
Prevesta Ufb LLC
—
Deed
related
$8,500,000 · Legacy Bk/fl
Feb 28, 2018
$4,500,000
Prevesta Ufb LLC
Cbs Real Estate II LLC
Special Warranty Deed
$645,000 · Citizens State Bank
Jun 12, 2001
—
Cbs Real Estates II LLC
Wallaces Bookstores INC
Grant Deed
$1,500,000 · Florida Citizens Bank
May 18, 1998
$4,325,000
Wallaces Bookstores INC
Florida Book Store INC
Grant Deed
—
—
—
Prevesta Ufb LLC
—
Loan Modification
related
$8,500,000 · Legacy Bk/fl
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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