Technical
Financial
Distress signals
Property profile

1961 Main St Gainesville, FL 32609

OFF-MARKET
Medical Office Space
Property ID
US18-4514604
11,342 SF 5.75 ac lot Built 1982
Entity Owned 13-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1982
Construction STEEL FRAME
Total area 11,342 SF
Lot 5.75 ac (250,601 SF)
Zoning code BUS
APN 10072-002-000
UPID US18-4514604

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Group Dialysis Center
  • Medical Clinic
  • Physician Medical Clinic
  • Physician Medical Clinic

Location

1961 Main St Gainesville, FL 32609-3648
Gainesville metro Census 400 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.20M
Comparable Approach Comparable
$2.27M
Blend (final) Blend
$2.04M

Owner & transaction history

since 2013
4 recorded transactions
2020
Price N/A
2013
$765,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BUS · Gainesville, FL
Zoning description

vation 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…

General category CIVIC_INSTITUTIONAL
Top alternative use upside
Restaurant $3.2M +90.3%
Office building $2.3M +37.7%
Retail stores $1.8M +6.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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