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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2435 13th St Gainesville, FL 32608-2008

    • Motels
    • 23,689 SF
    • 1.56 lot acres
    OFF-MARKET
    Last Sale
    Mar 29, 2022
    $4,200,000
    Value Estimations
    $3,410,000
    Show details
    Cap Rate Potential
    3.6%
    Motels
    Location Intelligence
    Property ID
    US18-4215182
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Quality Inn Gainesville near University / Hotel

    Property Details for 2435 13th St

    Year built
    1988
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.56 lot acres
    Property size
    23,689 SF
    Zone code
    U7
    Property type
    Motels
    APN
    15696-002-000
    APU
    15696002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,410,000
      ML approach
      $3,260,000

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $3,780,000
      OFFICE BUILDING
      $3,295,000
      APARTMENT HOUSE (5+ UNITS)
      $2,870,000
      RESTAURANT
      $2,815,000
      WAREHOUSE, STORAGE
      $2,650,000
      RETAIL STORES
      $2,585,000
      COMMERCIAL (GENERAL)
      $2,495,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3386
    Latitude
    29.6295
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $88,881
    $1,578,225
    $2,256,575
    $3,834,800
    -
    $1,578,225
    $2,256,575
    $3,834,800

    Comparable in this City

    • Value Estimation
      $105,000
      58,440 SF

      4015 43rd St

      MOTEL • 58,440 SF
      4015 43rd St, Gainesville, FL 32608-2217
      View Details
    • Value Estimation
      $1,120,000
      59,627 SF

      3905 43rd St

      MOTEL • 59,627 SF
      3905 43rd St, Gainesville, FL 32608-2217
      View Details
    • Value Estimation
      $1,180,000
      66,497 SF

      3877 37th Blvd

      MOTEL • 66,497 SF
      3877 37th Blvd, Gainesville, FL 32608-8809
      View Details
    • Value Estimation
      $275,000
      25,894 SF

      4000 40th Blvd

      MOTEL • 25,894 SF
      4000 40th Blvd, Gainesville, FL 32608-2372
      View Details
    • Value Estimation
      $65,000
      35,746 SF

      2115 13th St

      MOTEL • 35,746 SF
      2115 13th St, Gainesville, FL 32608-1534
      View Details
    • Value Estimation
      $1,765,000
      4,545 SF

      4341 13th St

      MOTEL • 4,545 SF
      4341 13th St, Gainesville, FL 32608-4005
      View Details

    Similar Nearby for Sale

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      5,000 SF

      Gainesville Retail Center Investment

      High-traffic retail space, excellent location.
      3117 34Th St, Gainesville, FL 32608
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      Gainesville Office Building - Golf Community

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      Gainesville Multifamily Investment Opportunity

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      Haile Village Center Retail/Residential

      Retail space and residential apartments in Haile Village Center.
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      Land For Sale

      Land available for sale.
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      Tower Village Eightplex Investment Opportunity

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    Similar Nearby for Lease

    • $1,800 /Mo
      1,122 SF

      Gainesville Mixed-Use Space For Rent

      Office, retail, or service space in high-traffic Haile Village.
      4936 SW 91St Ter, Gainesville, FL 32608
      View Details
    • Contact for pricing
      77,537 SF

      Gainesville Retail Pad - 1.78 Acres

      Prime Gainesville location, ready for development.
      0 34Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing

      Land for Rent

      Commercial land available for rent on SW Archer Rd.
      Gainesville, FL 32608
      View Details
    • $7,200 /Mo

      Haile Village Office/Retail Space

      All-inclusive office or retail space in Haile Village.
      5216 SW 91St Ter, Gainesville, FL 32608
      View Details
    • Contact for pricing
      20,473 SF

      Gainesville Commercial Land Lease

      Prime 0.47-acre mixed-use lot, Archer Road.
      0 37Th Blvd, Gainesville, FL 32608
      View Details
    • $25 SF/Yr
      953 SF

      Haile Village Storefront/Office Space

      Turn-key storefront or office space in Haile Village.
      5201 SW 91St Dr, Gainesville, FL 32608
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      970
    • Avg Time on site
      571 min
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    Gainesville, FL 32608-2008
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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