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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Office buildings
315 2nd Ave Gainesville, FL 32601-6811
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0287184
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,572 SF
Lot
0.59 ac (25,700 SF)
Zoning code
DT
APN
14570-000-000
UPID
US18-0287184
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
-
Academy for Five Element Acupuncture Student Clinic Medical Clinic Alternative Medicine Practice
-
Alavi Bird & Pozzuto PA Law Firm
-
Tania Alavi, Attorney Law Firm
-
Innovative Life Center Computer & Electronic Repair
-
Alachua County Democratic Campaign Office Advocacy Group Volunteer Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$925k
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$925k
Owner & transaction history
315 2nd Holding LLC · 1 yrs held
315 2nd Holding LLC
since 2024
Last sale
$925,000
7 recorded transactions
Zoning & alternative use
DT · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$820,000
+18.3%
Warehouse, storage
$700,000
+1.3%
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
$925,000
ML approach
$925,000
CAP Approach
CAP Return
Estimation
6%
$1,235,000
6.5%
$1,140,000
7%
$1,060,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$690,000
Current use
MEDICAL BUILDING
$820,000
Change: +18% · Conversion: Easy
WAREHOUSE, STORAGE
$700,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10% · vs last sale $925k (Sep 9 2024)
Last sale anchor
$925k
Sep 9 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
$166 / 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
$15,742
Tax year 2023
Assessed value
$662,900
Assessed 2023
Previous assessed
$662,900
+0.0% YoY
Effective rate
2.37%
On assessed value
Assessed land
$387,100
Assessed improvement
$275,800
Land market value
$387,100
Improvement market value
$275,800
Total market value
$662,900
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
100
Rooms
18
Bathrooms
22
Total area
5,572 SF
Lot
0.59 ac (25,700 SF)
Zoning code
DT
APN
14570-000-000
UPID
US18-0287184
Jurisdiction
ALACHUA
Zoning & alternative use
DT · Gainesville, FL
Zoning DT · permitted uses
DT · 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
OFFICE BUILDING Current
Est. value
$690,000
MEDICAL BUILDING
Est. value
$820,000
WAREHOUSE, STORAGE
Est. value
$700,000
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1955
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
100
Rooms
18
Bathrooms
22
Lot
0.59 ac
Current owner
From public records · entity-resolved
315 2nd Holding LLC
Entity
Mailing address
200 S ANDREWS AVE, FORT LAUDERDALE, FL 33301-1864
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 9, 2024
$925,000
315 2nd Holding LLC
Academy For Five Element Acupunture
Warranty Deed
$693,750 · Renasant Bank
Nov 29, 2022
—
Academy For Five Element Acupunctur
—
Deed
related
$275,000 · Renasant Bank
Nov 18, 2016
—
Academy Of Five Element Acupunctu
—
Deed
related
$1,050,000 · Renasant Bk
Nov 25, 2014
$525,000
Academy For Five Element Acupunctur
Magnolia Bay Ventures LLC
Warranty Deed
$420,000 · Compass Bank
Aug 23, 2007
$1,100,000
Magnolia Bay Ventures LLC
Wang,george
Warranty Deed
$880,000 · Compass Bank
Nov 21, 2003
$724,000
George Wang
Sunstate FCU
Grant Deed
$579,200 · Southtrust Bank NA
—
—
George Wang
—
Deed Of Trust
related
$752,250 · Alarion Bank
—
—
Academy Of Five Element Acupunctu
—
Deed Of Trust
related
$1,050,000 · Renasant Bk
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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