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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Retail space
1615 13th St Gainesville, FL 32609-3418
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US18-5346585
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
12,563 SF
Lot
1.93 ac (84,071 SF)
Zoning code
U6
APN
09966-000-000
UPID
US18-5346585
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
-
Paul Shealy Pharmacy
-
FedEx OnSite Postal Service Courier Service
-
Bitcoin Depot | BDCheckout Atm
-
Justin Rix Pharmacy
-
Jessica Clack Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.05M
Comparable Approach
Comparable
$2.65M
Blend (final)
Blend
$2.27M
Owner & transaction history
Exchangeright Net Leased Po 19 · 8 yrs held
Exchangeright Net Leased Po 19
since 2018
4 recorded transactions
Zoning & alternative use
U6 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.5M
+78.4%
Office building
$2.5M
+29.1%
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%
$2,220,000
6.5%
$2,050,000
7%
$1,905,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,965,000
Current use
RESTAURANT
$3,510,000
Change: +78% · Conversion: Easy
OFFICE BUILDING
$2,540,000
Change: +29% · Conversion: Easy
MEDICAL BUILDING
$1,845,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$181 / 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
$48,006
Tax year 2023
Assessed value
$2,410,634
Assessed 2023
Previous assessed
$2,419,036
-0.3% YoY
Effective rate
1.99%
On assessed value
Assessed land
$1,681,416
Assessed improvement
$729,218
Land market value
$1,681,416
Improvement market value
$729,218
Total market value
$2,410,634
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
7
Bathrooms
12
Total area
12,563 SF
Lot
1.93 ac (84,071 SF)
Zoning code
U6
APN
09966-000-000
UPID
US18-5346585
Jurisdiction
ALACHUA
Zoning & alternative use
U6 · Gainesville, FL
Zoning U6 · permitted uses
U6 · 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
$2.0M
RESTAURANT
Est. value
$3.5M
OFFICE BUILDING
Est. value
$2.5M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES Current
RESTAURANT
OFFICE BUILDING
MEDICAL BUILDING
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
7
Bathrooms
12
Lot
1.93 ac
Current owner
From public records · entity-resolved
Exchangeright Net Leased Po 19
Individual
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2018
—
Exchangeright Net Leased Po 19
Exchangeright Net Leased Po 19
Quit Claim Deed
$35,840,000 · Barclays Bk/plc
Jan 10, 2018
$5,200,000
Exchangeright Net-leased Po 19
Investors Real Estate Svcs INC
Trustees Deed
$35,840,000 · Barclays Bk/plc
Dec 17, 1997
$3,678,000
Investors Real Estates Svcs
Fog Partners Two Ltd
Grant Deed
$1,830,000 · General American Life Ins
Jan 24, 1997
$500,000
Fog Partners Two Ltd
Walker Trust
Grant 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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