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Property profile & analytics
OFF-MARKET
Estimated value
$255,000
Office Spaces
1701 8th Ave Gainesville, FL 32641-4742
Entity Owned
Free & Clear
Property ID
US18-4647093
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
2022
Construction
STEEL FRAME
Total area
4,170 SF
Lot
0.54 ac (23,522 SF)
Zoning code
MU1
APN
10971-000-000
UPID
US18-4647093
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
-
Clarence R. Kelly Community Center Community Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$255k
Owner & transaction history
CITY GAINESVILLE
CITY GAINESVILLE
Zoning & alternative use
MU1 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
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 Low-Intensity MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park BUS General Business…
Zone name
Mixed Use Low Intensity
General category
MIXED_USE
Zone area
349.94 ac
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$665,000
+51.4%
Retail stores
$555,000
+26.1%
Office building
$505,000
+14.8%
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%
$805,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$440,000
Current use
AUTO REPAIR, GARAGE
$665,000
Change: +51% · Conversion: Difficult
RETAIL STORES
$555,000
Change: +26% · Conversion: Easy
OFFICE BUILDING
$505,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$255k
Range $230k – $281k · ±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
$61 / 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
$25
Tax year 2023
Assessed value
$473,556
Assessed 2023
Previous assessed
$367,825
+28.7% YoY
Effective rate
0.01%
On assessed value
Assessed land
$103,400
Assessed improvement
$370,156
Land market value
$103,400
Improvement market value
$370,156
Total market value
$473,556
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
3
Bathrooms
7
Total area
4,170 SF
Lot
0.54 ac (23,522 SF)
Zoning code
MU1
APN
10971-000-000
UPID
US18-4647093
Jurisdiction
ALACHUA
Zoning & alternative use
MU1 · Gainesville, FLZoning MU1 · permitted uses
MU1 · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
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 Low-Intensity MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park BUS General Business BA Automotive-Oriented Business BT Tourist-Oriented Business BI Business Industrial
Zone name
Mixed Use Low Intensity
General category
MIXED_USE
Zone area
349.94 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$440,000
AUTO REPAIR, GARAGE
Est. value
$665,000
RETAIL STORES
Est. value
$555,000
OFFICE BUILDING
Est. value
$505,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE 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
2022
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
3
Bathrooms
7
Lot
0.54 ac
Current owner
From public records · entity-resolved
CITY GAINESVILLE
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 490, GAINESVILLE, FL 32627-0490
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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