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Property profile & analytics
OFF-MARKET
Specialty properties
1938 University Ave Gainesville, FL 32603-1735
Trust Owned
21-yr Hold
Free & Clear
Property ID
US18-4459211
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1970
Total area
6,470 SF
Lot
0.55 ac (23,958 SF)
Zoning code
ED
APN
14990-000-000
UPID
US18-4459211
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
-
University-Florida Foundation University
-
Emerson Alumni Hall Hotel & Motel Resort
-
University of Florida Alumni Association Charitable Organization Social Service Agency
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
University Of Florida Board/trust · 21 yrs held
University Of Florida Board/trust
since 2005
1 recorded transaction
Zoning & alternative use
ED · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Educational services (ED). 1. Purpose. The ED district is established to identify and locate public educational facilities at appropriate locations throughout the community. 2. Objectives. The provisions of the ED district are intended to locate such uses so as to provide easy accessibility and convenience to the users. E.
Zone name
Educational Services
General category
UNKNOWN
Zone area
2,389.68 ac
Source
code of ordinances
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
Assessed value
$14,426,820
Assessed 2023
Previous assessed
$14,430,600
0.0% YoY
Assessed land
$2,156,220
Assessed improvement
$12,270,600
Land market value
$2,156,220
Improvement market value
$12,270,600
Total market value
$14,426,820
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1970
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Rooms
1
Total area
6,470 SF
Lot
0.55 ac (23,958 SF)
Zoning code
ED
APN
14990-000-000
UPID
US18-4459211
Jurisdiction
ALACHUA
Zoning & alternative use
ED · Gainesville, FLZoning ED · permitted uses
ED · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Educational services (ED). 1. Purpose. The ED district is established to identify and locate public educational facilities at appropriate locations throughout the community. 2. Objectives. The provisions of the ED district are intended to locate such uses so as to provide easy accessibility and convenience to the users. E.
Zone name
Educational Services
General category
UNKNOWN
Zone area
2,389.68 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1970
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
University Of Florida Board/trust
Trust
Free & Clear · 21 yrs held
Mailing address
PO BOX 113100, GAINESVILLE, FL 32611-3100
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2005
—
University Of Florida Board/trust
University Of Florida Foun INC
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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