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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Grocery and convenience stores
220 39th Ave Gainesville, FL 32609-0732
Entity Owned
2-yr Hold
Free & Clear
Property ID
US19-0285395
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,856 SF
Lot
0.45 ac (19,602 SF)
Zoning code
BA
APN
07998-002-000
UPID
US19-0285395
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
-
Citgo Gas Station
-
39th Express Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$645k
CAP Approach
CAP
$465k
Comparable Approach
Comparable
$489k
Blend (final)
Blend
$665k
Owner & transaction history
Tanim INC · 2 yrs held
Tanim INC
since 2023
Last sale
$675,000
6 recorded transactions
Zoning & alternative use
BA · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$575,000
+29.1%
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
$675,000
ML approach
$645,000
CAP Approach
CAP Return
Estimation
6%
$505,000
6.5%
$465,000
7%
$435,000
Alternative Use
Use
Estimation
RETAIL STORES
$445,000
Current use
OFFICE BUILDING
$575,000
Change: +29% · Conversion: Easy
MEDICAL BUILDING
$420,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $675k (Dec 5 2023)
Last sale anchor
$675k
Dec 5 2023
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
$233 / 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
$7,328
Tax year 2023
Assessed value
$299,030
Assessed 2023
Previous assessed
$299,030
+0.0% YoY
Effective rate
2.45%
On assessed value
Assessed land
$156,816
Assessed improvement
$142,214
Land market value
$156,816
Improvement market value
$142,214
Total market value
$299,030
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
2
Bathrooms
4
Total area
2,856 SF
Lot
0.45 ac (19,602 SF)
Zoning code
BA
APN
07998-002-000
UPID
US19-0285395
Jurisdiction
ALACHUA
Zoning & alternative use
BA · Gainesville, FL
Zoning BA · permitted uses
BA · 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
RETAIL STORES Current
Est. value
$445,000
OFFICE BUILDING
Est. value
$575,000
MEDICAL BUILDING
Est. value
$420,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
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
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
2
Bathrooms
4
Lot
0.45 ac
Current owner
From public records · entity-resolved
Tanim INC
Entity
Free & Clear · 2 yrs held
Mailing address
220 NW 39TH AVE, GAINESVILLE, FL 32609-0732
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 5, 2023
—
Tanim INC
Rabeya K Rahim
Quit Claim Deed
related
—
Sep 19, 2023
—
Tanim INC
—
Deed
related
$675,016 · Ware Oil & Supply Company INC
Nov 22, 2016
$675,000
Rabeya K Rahim
Sean Express INC
Warranty Deed
—
Feb 4, 2004
$90,000
Sean Express INC
Chay,sean
Grant Deed
related
—
Apr 12, 2002
$142,000
Sean Chay
Mcbride,don W
Grant Deed
$100,485 · Don W Mcbride
—
—
Sean Express INC
—
Deed Of Trust
related
$182,734 · Conner Oil Co
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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