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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
1913 Refinery Rd Gainesville, TX 76240-2111
Individually Owned
6-yr Hold
Free & Clear
Property ID
US82-6217619
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Total area
5,724 SF
Lot
2.3 ac (100,179 SF)
APN
17285
UPID
US82-6217619
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
$450k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$706k
Blend (final)
Blend
$575k
Owner & transaction history
Refinery Road Veterinary Clinic · 6 yrs held
Refinery Road Veterinary Clinic
since 2019
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$675,000
+18.0%
Restaurant
$650,000
+13.6%
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
$450,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$570,000
Current use
OFFICE BUILDING
$675,000
Change: +18% · Conversion: Easy
RESTAURANT
$650,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$570,000
Change: 0% · Conversion: Difficult
COMMERCIAL (GENERAL)
$535,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$100 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$25,496
Tax year 2022
Assessed value
$1,846,556
Assessed 2023
Previous assessed
$1,846,556
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$316,561
Assessed improvement
$1,529,995
Land market value
$316,561
Improvement market value
$1,529,995
Total market value
$1,846,556
Applied tax rate
74.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Heating
NONE
Buildings
2
Total area
5,724 SF
Lot
2.3 ac (100,179 SF)
APN
17285
UPID
US82-6217619
Jurisdiction
COOKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$570,000
OFFICE BUILDING
Est. value
$675,000
RESTAURANT
Est. value
$650,000
RETAIL STORES
Est. value
$570,000
COMMERCIAL (GENERAL)
Est. value
$535,000
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
RETAIL STORES
COMMERCIAL (GENERAL)
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
Heating
NONE
Buildings
2
Lot
2.3 ac
Current owner
From public records · entity-resolved
Refinery Road Veterinary Clinic
Individual
Free & Clear · 6 yrs held
Mailing address
1913 REFINERY RD, GAINESVILLE, TX 76240-2111
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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
Oct 19, 2020
—
Refinery Road Veterinary Clinic
—
Deed
related
$150,000 · First State Bank
Mar 3, 2020
—
Refinary Road Veterinary Clinic
—
Deed
related
$150,000 · First State Bank
Jul 30, 2019
—
Refinery Road Veterinary Clinic
Timbercreek Real Estate Partners Ll
Special Warranty Deed
—
Nov 29, 2012
—
Refinery Road Veterinary Clinc
James W Neidhardt
Warranty 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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