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Property profile & analytics
OFF-MARKET
Estimated value
$3,325,000
Auto shops
2985 Main St Gainesville, FL 32609-3002
Entity Owned
20-yr Hold
Free & Clear
Property ID
US18-5263466
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
2007
Construction
STEEL FRAME
Total area
33,341 SF
Lot
37.02 ac (1,612,591 SF)
Zoning code
BA
APN
08232-000-000
UPID
US18-5263466
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
-
Gatorland Toyota Service Auto Repair Shop
-
Gatorland Toyota Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.33M
Owner & transaction history
Gettel Enterprises INC · 20 yrs held
Gettel Enterprises INC
since 2006
7 recorded transactions
Zoning & alternative use
BA · 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,400,000
Current use
OFFICE BUILDING
$4,565,000
Change: -15% · Conversion: Difficult
RESTAURANT
$4,345,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$3.33M
Range $2.99M – $3.66M · ±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
$100 / 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
$180,975
Tax year 2023
Assessed value
$7,643,847
Assessed 2023
Previous assessed
$7,684,397
-0.5% YoY
Effective rate
2.37%
On assessed value
Assessed land
$3,826,620
Assessed improvement
$3,817,227
Land market value
$3,826,620
Improvement market value
$3,817,227
Total market value
$7,643,847
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
100
Rooms
37
Bathrooms
39
Total area
33,341 SF
Lot
37.02 ac (1,612,591 SF)
Zoning code
BA
APN
08232-000-000
UPID
US18-5263466
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
AUTO REPAIR, GARAGE Current
Est. value
$5.4M
OFFICE BUILDING
Est. value
$4.6M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE Current
OFFICE BUILDING
RESTAURANT
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
2007
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
100
Rooms
37
Bathrooms
39
Lot
37.02 ac
Current owner
From public records · entity-resolved
Gettel Enterprises INC
Entity
Free & Clear · 20 yrs held
Mailing address
2985 N MAIN ST, GAINESVILLE, FL 32609-3002
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2024
—
Gettel Enterprises INC
—
Deed
related
$7,547,749 · Bank Of America NA
Oct 25, 2023
—
Gettel Ocala INC
—
Deed
related
$13,500,000 · Truist Bank
Feb 3, 2017
—
Gettel Gainesville INC
—
Loan Modification
related
$30,000,000 · Suntrust Bk
Sep 27, 2011
—
Gettel Automotive INC
—
Deed Of Trust
related
$8,300,000 · Wells Fargo Bank
Jan 9, 2006
$2,750,000
Gettel Enterprises INC
Nalbandian Enterprises INC
Special Warranty Deed
—
Jan 30, 2001
$425,000
Nalbadian Enterprises INC
Elva B Steadham Estate
Trustees Deed
—
Jan 30, 2001
—
Nalbadian Enterprises INC
Steadham,john M & Julie D
Quit Claim Deed
related
$375,000 · Elva B Steadham Estate
—
—
Gettel Automotive INC
—
Loan Modification
related
$1,082,836 · Suntrust Bk
—
—
Gettel Ents INC
—
Deed Of Trust
related
$10,150,000 · Wachovia Bank NA
—
—
Gettel Automotive INC
—
Deed Of Trust
related
$11,478,750 · Wells Fargo Bank
—
—
Gettel Automotive INC
—
Deed Of Trust
related
$3,600,000 · Wells Fargo 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.
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