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Property profile & analytics
OFF-MARKET
Estimated value
$1,625,000
Drive through restaurants
2306 62nd Ave Gainesville, FL 32653-1564
Trust Owned
6-yr Hold
Free & Clear
Property ID
US18-6514879
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2020
Construction
WOOD
Total area
1,696 SF
Lot
0.75 ac (32,670 SF)
Zoning code
MU2
APN
06014-030-003
UPID
US18-6514879
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.63M
Owner & transaction history
Charles,l Profito & Susa Trust · 6 yrs held
Charles,l Profito & Susa Trust
since 2020
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
MU2 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.2M
+156.7%
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
$1,615,000
ML approach
$1,585,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,215,000
Change: +157% · Conversion: Difficult
Blend value · Realmo final
$1.63M
Range $1.46M – $1.79M · ±10% · vs last sale $1.65M (Mar 20 2020)
Last sale anchor
$1.65M
Mar 20 2020
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
$958 / 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
$14,852
Tax year 2023
Assessed value
$641,856
Assessed 2023
Previous assessed
$711,342
-9.8% YoY
Effective rate
2.31%
On assessed value
Assessed land
$408,375
Assessed improvement
$233,481
Land market value
$408,375
Improvement market value
$233,481
Total market value
$641,856
Applied tax rate
3,700.0000
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2020
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
1,696 SF
Lot
0.75 ac (32,670 SF)
Zoning code
MU2
APN
06014-030-003
UPID
US18-6514879
Jurisdiction
ALACHUA
Zoning & alternative use
MU2 · Gainesville, FL
Zoning MU2 · permitted uses
MU2 · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
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
2020
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.75 ac
Current owner
From public records · entity-resolved
Charles,l Profito & Susa Trust
Trust
Free & Clear · 6 yrs held
Mailing address
3901 S MCCRACKEN RD, VERNALIS, CA 95385-9710
Ownership since
2020
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
Mar 20, 2020
$1,650,714
Charles,l Profito & Susa Trust
2511 Howell LLC
Grant Deed
—
Jan 10, 2020
—
2511 Howell LLC
—
Deed
related
$8,000,000 · Synovus Bk
Apr 27, 2018
$460,000
2511 Howell LLC
Oakwood Gainesville Parcels Ll
Grant Deed
—
Aug 1, 2013
$1,700,000
Northwood Plaza Developers LLC
Professional Props Of Gainesvil
Warranty Deed
—
May 16, 2003
$220,000
Outparcels Of Gainesville LLC
Florida Title Group INC
Grant Deed
—
—
—
2511 Howell LLC
—
Deed Of Trust
related
$8,000,000 · Synovus 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.
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