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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Medical Office Space
200 62nd Blvd Gainesville, FL 32607-2083
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-3200979
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
24,335 SF
Lot
3.45 ac (150,108 SF)
Zoning code
OF
APN
06655-002-011
UPID
US18-3200979
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
-
ENT Clinic Hospital
-
Charles Byrd PhD Physician Medical Clinic
-
Graham Shae PhD Physician Medical Clinic
-
Dr. Christina G. Giraldo, MD Pediatrician Physician
-
Gerald Keller Pediatrician Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.12M
CAP Approach
CAP
$4.71M
Comparable Approach
Comparable
$3.78M
Blend (final)
Blend
$3.56M
Owner & transaction history
Trenton Medical Center INC · 4 yrs held
Trenton Medical Center INC
since 2022
Last sale
$3.8M
3 recorded transactions
Zoning & alternative use
OF · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.3M
+47.0%
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
$3,085,000
ML approach
$3,120,000
CAP Approach
CAP Return
Estimation
6%
$5,105,000
6.5%
$4,710,000
7%
$4,375,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$3,570,000
Current use
RETAIL STORES
$5,250,000
Change: +47% · Conversion: Difficult
WAREHOUSE, STORAGE
$3,060,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±10% · vs last sale $3.80M (Jun 6 2022)
Last sale anchor
$3.80M
Jun 6 2022
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
$146 / 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
$3,595
Tax year 2023
Assessed value
$3,421,185
Assessed 2023
Previous assessed
$2,363,500
+44.8% YoY
Effective rate
0.11%
On assessed value
Assessed land
$907,316
Assessed improvement
$2,513,869
Land market value
$907,316
Improvement market value
$2,513,869
Total market value
$3,421,185
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
100
Rooms
26
Bathrooms
40
Total area
24,335 SF
Lot
3.45 ac (150,108 SF)
Zoning code
OF
APN
06655-002-011
UPID
US18-3200979
Jurisdiction
ALACHUA
Zoning & alternative use
OF · Gainesville, FL
Zoning OF · permitted uses
OF · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$3.6M
RETAIL STORES
Est. value
$5.3M
WAREHOUSE, STORAGE
Est. value
$3.1M
MEDICAL BUILDING Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
26
Bathrooms
40
Lot
3.45 ac
Current owner
From public records · entity-resolved
Trenton Medical Center INC
Entity
Mailing address
23343 NW COUNTY RD 236, HIGH SPRINGS, FL 32643-9669
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2022
$3,800,000
Trenton Medical Center INC
Joel Rousseau
Special Warranty Deed
$3,040,000 · Capital City Bank
Jun 21, 2021
—
Joel Rousseau
—
Deed
related
$1,220,000 · Radiant Cu
—
—
Rousseau Joel Tr
—
Deed Of Trust
related
$1,800,000 · Compass Bank
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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