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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Banks
2627 43rd St Gainesville, FL 32606-6601
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US18-0677630
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1977
Construction
STEEL FRAME
Total area
13,554 SF
Lot
3.4 ac (147,930 SF)
Zoning code
MU2
APN
06107-003-002
UPID
US18-0677630
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
-
Bank of America Home Mortgage Loan Service Bank
-
Vocational Rehabilitation State Government Office
-
Florida Sex Crime Lawyers Consultant
-
Servicesource Social Service Agency
-
Lexis Real Estate Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Pk5 LLC · 16 yrs held
Pk5 LLC
since 2010
4 recorded transactions
Zoning & alternative use
MU2 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
ban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park BUS General Business BA Automotive-Oriented Busine…
Zone name
Mixed Use Medium Intensity
General category
MIXED_USE
Zone area
249.49 ac
Source
code of ordinances
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$1,025,000
Current use
Blend value · Realmo final
$625k
Range $563k – $688k · ±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
$46 / 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
$81,695
Tax year 2023
Assessed value
$3,383,001
Assessed 2023
Previous assessed
$3,397,034
-0.4% YoY
Effective rate
2.41%
On assessed value
Assessed land
$1,464,504
Assessed improvement
$1,918,497
Land market value
$1,464,504
Improvement market value
$1,918,497
Total market value
$3,383,001
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
3
Stories
3
Units
100
Rooms
21
Bathrooms
52
Total area
13,554 SF
Lot
3.4 ac (147,930 SF)
Zoning code
MU2
APN
06107-003-002
UPID
US18-0677630
Jurisdiction
ALACHUA
Zoning & alternative use
MU2 · Gainesville, FLZoning MU2 · permitted uses
MU2 · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
ban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1 Mixed-Use Low-Intensity MU-2 Mixed-Use Medium-Intensity OR Office Residential OF General Office CP Corporate Park BUS General Business BA Automotive-Oriented Business BT Tourist-Oriented Business BI Business Industrial W Warehousing and Wholesaling
Zone name
Mixed Use Medium Intensity
General category
MIXED_USE
Zone area
249.49 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$1.0M
FINANCIAL BUILDING 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
1977
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
3
Units
100
Rooms
21
Bathrooms
52
Lot
3.4 ac
Current owner
From public records · entity-resolved
Pk5 LLC
Entity
Mailing address
2627 NW 43RD ST STE #300, GAINESVILLE, FL 32606-7484
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 9, 2010
$4,150,000
Pk5 LLC
Boca Gainesville LLC
Special Warranty Deed
$3,112,000 · Sunstate Federal Credit Union
Apr 17, 2007
$3,400,000
Boca Gainesville LLC
First States Investors 73 LP
Special Warranty Deed
$15,500,000 · Wachovia Bank NA
Dec 26, 2002
$2,274,700
First States Investors 73 LP
Bank Of America
Grant Deed
related
—
—
—
Pk5 LLC
—
Deed Of Trust
related
$3,200,000 · Sunstate FCU
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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