Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$3,390,000
Motels
2435 13th St Gainesville, FL 32608-2008
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-4215182
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
23,689 SF
Lot
1.56 ac (67,954 SF)
Zoning code
U7
APN
15696-002-000
UPID
US18-4215182
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
-
Quality Inn Gainesville near University Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.39M
Owner & transaction history
Virpur LLC · 4 yrs held
Virpur LLC
since 2022
Last sale
$4.2M
6 recorded transactions
Zoning & alternative use
U7 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.8M
+502.5%
Office building
$3.3M
+424.9%
Apartment house (5+ units)
$2.9M
+357.6%
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
$3,410,000
ML approach
$3,260,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,780,000
Change: +502% · Conversion: Difficult
OFFICE BUILDING
$3,295,000
Change: +425% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$2,870,000
Change: +358% · Conversion: Difficult
RESTAURANT
$2,815,000
Change: +349% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,650,000
Change: +323% · Conversion: Difficult
RETAIL STORES
$2,585,000
Change: +312% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,495,000
Change: +298% · Conversion: Difficult
Blend value · Realmo final
$3.39M
Range $3.05M – $3.73M · ±10% · vs last sale $4.20M (Mar 29 2022)
Last sale anchor
$4.20M
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
$143 / 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
$88,881
Tax year 2023
Assessed value
$3,834,800
Assessed 2023
Previous assessed
$4,584,300
-16.3% YoY
Effective rate
2.32%
On assessed value
Assessed land
$1,578,225
Assessed improvement
$2,256,575
Land market value
$1,578,225
Improvement market value
$2,256,575
Total market value
$3,834,800
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
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
2
Units
100
Rooms
60
Bathrooms
83
Total area
23,689 SF
Lot
1.56 ac (67,954 SF)
Zoning code
U7
APN
15696-002-000
UPID
US18-4215182
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
AUTO REPAIR, GARAGE
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
RESTAURANT
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.7M
RETAIL STORES
Est. value
$2.6M
COMMERCIAL (GENERAL)
Est. value
$2.5M
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
60
Bathrooms
83
Lot
1.56 ac
Current owner
From public records · entity-resolved
Virpur LLC
Entity
Mailing address
2435 SW 13TH ST, GAINESVILLE, FL 32608-2008
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 29, 2022
$4,200,000
Virpur LLC
Brahmas Hotels LLC
Special Warranty Deed
$2,261,800 · First Citrus Bank
Aug 24, 2021
$3,500,000
Brahmas Hotels LLC
Natha Govan INC
Warranty Deed
$1,979,210 · First Citrus Bank
Dec 11, 2020
—
Natha Govan INC
—
Deed
related
$1,500,000 · Florida Cu
—
—
Natha Govan INC
—
Deed Of Trust
related
$1,250,000 · Alarion Bank
—
—
Natha Govan INC
—
Deed Of Trust
related
$1,500,000 · Florida Cu
—
—
Natha Govan INC
—
Deed Of Trust
related
$148,750 · Mercantile 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.
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 2435 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.
