Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Manufacturing properties
2402 66th Ct Gainesville, FL 32653-1672
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3659529
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1979
Construction
WOOD
Total area
13,152 SF
Lot
1.47 ac (64,033 SF)
Zoning code
I2
APN
06013-004-002
UPID
US18-3659529
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
$1.34M
CAP Approach
CAP
$1.37M
Comparable Approach
Comparable
$929k
Blend (final)
Blend
$1.40M
Owner & transaction history
Nm Ext LLC · 4 yrs held
Nm Ext LLC
since 2022
Last sale
$1.7M
2 recorded transactions
Zoning & alternative use
I2 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+183.3%
Restaurant
$1.9M
+156.3%
Office building
$1.7M
+126.9%
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
$1,365,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
$1,485,000
6.5%
$1,370,000
7%
$1,275,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,100,000
Change: +183% · Conversion: Easy
RESTAURANT
$1,900,000
Change: +156% · Conversion: Difficult
OFFICE BUILDING
$1,680,000
Change: +127% · Conversion: Difficult
RETAIL STORES
$1,555,000
Change: +110% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,385,000
Change: +87% · Conversion: Difficult
MEDICAL BUILDING
$1,270,000
Change: +71% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,265,000
Change: +70% · Conversion: Easy
Blend value · Realmo final
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.68M (Mar 29 2022)
Last sale anchor
$1.68M
Mar 29 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
$106 / 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
$14,995
Tax year 2023
Assessed value
$578,238
Assessed 2023
Previous assessed
$584,245
-1.0% YoY
Effective rate
2.59%
On assessed value
Assessed land
$320,166
Assessed improvement
$258,072
Land market value
$320,166
Improvement market value
$258,072
Total market value
$578,238
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
1
Bathrooms
20
Total area
13,152 SF
Lot
1.47 ac (64,033 SF)
Zoning code
I2
APN
06013-004-002
UPID
US18-3659529
Jurisdiction
ALACHUA
Zoning & alternative use
I2 · Gainesville, FL
Zoning I2 · permitted uses
I2 · 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
AUTO REPAIR, GARAGE
Est. value
$2.1M
RESTAURANT
Est. value
$1.9M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
WAREHOUSE, STORAGE
Est. value
$1.3M
AUTO REPAIR, GARAGE
RESTAURANT
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1979
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
1
Bathrooms
20
Lot
1.47 ac
Current owner
From public records · entity-resolved
Nm Ext LLC
Entity
Free & Clear · 4 yrs held
Mailing address
6800 NW 22ND ST, GAINESVILLE, FL 32653-1614
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$1,683,100
Nm Ext LLC
Exactech INC
Special Warranty Deed
—
Nov 26, 2002
$400,000
Exactech
Suntrust Bank NA
Grant Deed
—
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 2402 66th Ct?
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.
