Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,475,000
Motels
2115 13th St Gainesville, FL 32608-1534
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US18-3852131
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2016
Construction
STEEL FRAME
Total area
35,746 SF
Lot
1.68 ac (73,181 SF)
Zoning code
U7
APN
15545-000-000
UPID
US18-3852131
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
-
Home2 Suites by Hilton Gainesville Medical Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.48M
Owner & transaction history
Mhi Gainesville 2 LLC · 7 yrs held
Mhi Gainesville 2 LLC
since 2018
7 recorded transactions
Zoning & alternative use
U7 · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$945,000
Current use
Blend value · Realmo final
$1.48M
Range $1.33M – $1.62M · ±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
$41 / 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
$248,121
Tax year 2023
Assessed value
$11,349,800
Assessed 2023
Previous assessed
$9,953,000
+14.0% YoY
Effective rate
2.19%
On assessed value
Assessed land
$3,759,158
Assessed improvement
$7,590,642
Land market value
$3,759,158
Improvement market value
$7,590,642
Total market value
$11,349,800
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
100
Rooms
45
Bathrooms
109
Total area
35,746 SF
Lot
1.68 ac (73,181 SF)
Zoning code
U7
APN
15545-000-000
UPID
US18-3852131
Jurisdiction
ALACHUA
Zoning & alternative use
U7 · Gainesville, FL
Zoning U7 · permitted uses
U7 · 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
HOTEL/MOTEL Current
Est. value
$945,000
HOTEL/MOTEL Current
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
2016
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
100
Rooms
45
Bathrooms
109
Lot
1.68 ac
Current owner
From public records · entity-resolved
Mhi Gainesville 2 LLC
Entity
Mailing address
1468 KIMBROUGH RD STE #103, GERMANTOWN, TN 38138-2422
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2022
—
Pr Mig Gainesville Owner LLC
—
Deed
related
$204,550,000 · Kreocs II Capital LLC
Oct 31, 2018
$15,250,000
Mhi Gainesville 2 LLC
Impact Gainesville Jv LLC
Special Warranty Deed
$10,100,000 · 2 Opco LLC
Jun 19, 2018
—
Impact Gainesville Jv LLC
—
Loan Modification
related
$11,000,000 · Axiom Bk
Jun 20, 2016
—
Impact Gainesville Jv LLC
—
Deed
related
$5,760,000 · Axiom Bk
Jun 6, 2016
—
Impact Gainesville Jv LLC
—
Deed
related
$5,760,000 · Axiom Bk
Oct 27, 2014
$900,000
Impact Gainesville Jv LLC
Hasmukhlal M Patel
Special Warranty Deed
—
—
—
Impact Gainesville Jv LLC
—
Loan Modification
related
$5,760,000 · Axiom Bk
—
—
Impact Gainesville Jv LLC
—
Deed Of Trust
related
$5,760,000 · Axiom Bk
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2115 13th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
