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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Hotels
2603 13th St Gainesville, FL 32608-2012
Entity Owned
8-yr Hold
Free & Clear
Property ID
US18-0695414
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2020
Total area
65,395 SF
Lot
1.05 ac (45,738 SF)
Zoning code
U7
APN
15680-000-000
UPID
US18-0695414
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
-
The Shindig Co Event Planning Wedding Service
-
Xtraordinary Joy Charitable Organization Social Service Agency
-
Americert International Organic Farm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$1.29M
Owner & transaction history
Gainesville Hotel Invs Grp LLC · 8 yrs held
Gainesville Hotel Invs Grp LLC
since 2018
3 recorded transactions
Zoning & alternative use
U7 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,730,000
Current use
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10%
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
$20 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$1,379,784
Tax year 2022
Assessed value
$8,432,000
Assessed 2023
Previous assessed
$10,974,200
-23.2% YoY
Effective rate
16.36%
On assessed value
Assessed land
$1,298,297
Assessed improvement
$7,133,703
Land market value
$1,298,297
Improvement market value
$7,133,703
Total market value
$8,432,000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2020
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
1
Rooms
21
Bathrooms
2
Total area
65,395 SF
Lot
1.05 ac (45,738 SF)
Zoning code
U7
APN
15680-000-000
UPID
US18-0695414
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
HOTEL/MOTEL Current
Est. value
$1.7M
HOTEL/MOTEL Current
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
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
1
Rooms
21
Bathrooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Gainesville Hotel Invs Grp LLC
Entity
Free & Clear · 8 yrs held
Mailing address
125 NE 1ST AVE STE #1, OCALA, FL 34470-6675
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2018
$675,000
Gainesville Hotel Invs Grp LLC
Ma Gayatri LLC
Warranty Deed
—
Nov 5, 2010
$375,000
Ma Gayatri LLC
Patel,amrat & Kumud A
Grant Deed
$300,000 · Amrat & Kumud A Patel
Jan 21, 2000
$375,000
Amrat Patel
Overseas Trade & Technologies
Grant Deed
$300,000 · Seller
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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