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Property profile & analytics
OFF-MARKET
Office buildings
1904 12th Ter Gainesville, FL 32609-3419
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-0207581
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,956 SF
Lot
0.3 ac (13,068 SF)
Zoning code
U6
APN
09976-000-000
UPID
US18-0207581
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
-
Service Options Unlimited Inc Social Service Agency Charitable Organization
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
New Creation Homes And Services LLC · 2 yrs held
New Creation Homes And Services LLC
since 2024
Last sale
$315,000
7 recorded transactions
Zoning & alternative use
U6 · 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
$3,508
Tax year 2023
Assessed value
$146,000
Assessed 2023
Previous assessed
$146,000
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$84,250
Assessed improvement
$61,750
Land market value
$84,250
Improvement market value
$61,750
Total market value
$146,000
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 (MULTI-STORY)
Status
Off-Market
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
10
Bathrooms
12
Total area
1,956 SF
Lot
0.3 ac (13,068 SF)
Zoning code
U6
APN
09976-000-000
UPID
US18-0207581
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.
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
10
Bathrooms
12
Lot
0.3 ac
Current owner
From public records · entity-resolved
New Creation Homes And Services LLC
Entity
Mailing address
1904 NW 12TH TER, GAINESVILLE, FL 32609-3419
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 7, 2025
—
New Creation Homes And Services LLC
—
Deed
related
$270,000 · Renasant Bank
Mar 29, 2024
$315,000
New Creation Homes And Services LLC
Laniakea Partners LLC
Warranty Deed
$295,000 · Laniakea Partners LLC
Mar 31, 2021
—
Laniakea Partners LLC
Laniakea Montessori & Integrated Le
Warranty Deed
—
Feb 8, 2021
$169,000
Laniakea Montessori & Integrated Le
Brenda J Sweat
Warranty Deed
—
May 16, 2005
$179,900
Sweat,brenda J
Wallace,sheri A
Warranty Deed
$166,900 · Sheri A Wallace
May 16, 2005
—
Sheri A Wallace
Journey Management Svcs LLC
Warranty Deed
—
Feb 2, 2004
$157,500
Journey Mgmt Svcs LLC
Preston,bill J & Elizabeth A
Grant Deed
$126,000 · Perkins State Bank
Jan 7, 2004
$259,000
Bill J Preston
Mullen,john L
Grant Deed
—
Nov 26, 2003
—
John L Mullen
Coolsby,edward L & Curtis L
Grant Deed
related
—
—
—
Brenda J Sweat
—
Loan Modification
related
$147,878 · Sheri A Wallace
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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