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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Retail space
2501 Main St Gainesville, FL 32609-3005
Entity Owned
~
Est. High Equity
Property ID
US19-0254212
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
WOOD
Total area
7,107 SF
Lot
2.27 ac (98,794 SF)
Zoning code
BA
APN
08236-001-000
UPID
US19-0254212
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
-
Toyland Used Cars Car Dealership
-
Car City Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.93M
CAP Approach
CAP
$1.16M
Comparable Approach
Comparable
$1.50M
Blend (final)
Blend
$1.93M
Owner & transaction history
242 Nevins INC
242 Nevins INC
since 2026
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
BA · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+78.4%
Office building
$1.4M
+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
$1,925,000
ML approach
$1,925,000
CAP Approach
CAP Return
Estimation
6%
$1,255,000
6.5%
$1,160,000
7%
$1,075,000
Alternative Use
Use
Estimation
RESTAURANT
$1,985,000
Change: +78% · Conversion: Easy
OFFICE BUILDING
$1,435,000
Change: +29% · Conversion: Easy
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.93M (Jan 25 2024)
Last sale anchor
$1.93M
Jan 25 2024
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
$271 / 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
$22,699
Tax year 2023
Assessed value
$966,683
Assessed 2023
Previous assessed
$966,683
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$790,202
Assessed improvement
$176,481
Land market value
$790,202
Improvement market value
$176,481
Total market value
$966,683
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
5
Bathrooms
26
Total area
7,107 SF
Lot
2.27 ac (98,794 SF)
Zoning code
BA
APN
08236-001-000
UPID
US19-0254212
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
RESTAURANT
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT
OFFICE 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
1987
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
5
Bathrooms
26
Lot
2.27 ac
Current owner
From public records · entity-resolved
242 Nevins INC
Entity
Mailing address
535 MADISON AVE, NEW YORK, NY 10022-4214
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
$2,226,000
242 Nevins INC
Oc Gator Volt LLC
Special Warranty Deed
—
Jan 25, 2024
$1,925,000
Oc Gator Volt LLC
Fjd Realvestment LLC
Special Warranty Deed
—
Dec 21, 2011
$25,000
Sb Gainesville Fds LLC
Fjd Realvestment LLC
Warranty Deed
—
Dec 21, 2011
—
Sb Gainesville Fds LLC
Rajaee,mohammad
Deed Of Trust
related
$1,350,000 · Gulfstream Funding LLC
Mar 27, 2008
$800,000
Fjd Realvestment LLC
Sovereign Wj LLC
Grant Deed
—
Jul 6, 2005
$1,790,800
Sovereign Wj LLC
Eaco Corp
Grant Deed
$76,032 · Capitalsource Finance LLC
—
—
Fjd Realvestment LLC
—
Deed Of Trust
related
$720,000 · Merchants & Southern Bank
—
—
Banner Buffets LLC
—
Deed Of Trust
related
$50,000 · Sovereign Investment 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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