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Property profile & analytics
OFF-MARKET
Estimated value
$13,925,000
Motels
3275 40th Blvd Gainesville, FL 32608-2356
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US19-0233522
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2009
Construction
STEEL FRAME
Total area
86,343 SF
Lot
4.03 ac (175,547 SF)
Zoning code
BI
APN
06800-001-000
UPID
US19-0233522
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
-
Residence Inn Gainesville I-75 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.93M
Owner & transaction history
Sandpiper Gainesville LLC · 4 yrs held
Sandpiper Gainesville LLC
since 2022
Last sale
$19.0M
4 recorded transactions
Zoning & alternative use
BI · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$13.8M
+502.5%
Office building
$12.0M
+424.9%
Apartment house (5+ units)
$10.5M
+357.6%
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
$15,420,000
ML approach
$9,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$13,775,000
Change: +502% · Conversion: Difficult
OFFICE BUILDING
$12,000,000
Change: +425% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$10,460,000
Change: +358% · Conversion: Difficult
RESTAURANT
$10,260,000
Change: +349% · Conversion: Difficult
WAREHOUSE, STORAGE
$9,665,000
Change: +323% · Conversion: Difficult
RETAIL STORES
$9,415,000
Change: +312% · Conversion: Difficult
COMMERCIAL (GENERAL)
$9,095,000
Change: +298% · Conversion: Difficult
Blend value · Realmo final
$13.93M
Range $12.53M – $15.32M · ±10% · vs last sale $18.99M (Jun 21 2022)
Last sale anchor
$18.99M
Jun 21 2022
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
$161 / 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
$397,903
Tax year 2023
Assessed value
$17,461,900
Assessed 2023
Previous assessed
$10,793,800
+61.8% YoY
Effective rate
2.28%
On assessed value
Assessed land
$4,898,952
Assessed improvement
$12,562,948
Land market value
$4,898,952
Improvement market value
$12,562,948
Total market value
$17,461,900
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
100
Rooms
1
Total area
86,343 SF
Lot
4.03 ac (175,547 SF)
Zoning code
BI
APN
06800-001-000
UPID
US19-0233522
Jurisdiction
ALACHUA
Zoning & alternative use
BI · Gainesville, FL
Zoning BI · permitted uses
BI · 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
Est. value
$13.8M
OFFICE BUILDING
Est. value
$12.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.5M
RESTAURANT
Est. value
$10.3M
WAREHOUSE, STORAGE
Est. value
$9.7M
RETAIL STORES
Est. value
$9.4M
COMMERCIAL (GENERAL)
Est. value
$9.1M
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
WAREHOUSE, STORAGE
RETAIL STORES
COMMERCIAL (GENERAL)
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
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
100
Rooms
1
Lot
4.03 ac
Current owner
From public records · entity-resolved
Sandpiper Gainesville LLC
Entity
Mailing address
7200 GLN FRST DR STE #200, RICHMOND, VA 23226-3768
Ownership since
2022
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
Jun 21, 2022
$18,989,700
Sandpiper Gainesville LLC
Bre Ssp Property Owner LLC
Special Warranty Deed
$125,000,000 · Key Bank NA
Jul 13, 2017
—
Bre Ssp Property Owner LLC
—
Grant Deed
related
$1,393,500,000 · Morgan Stanley Bk
Mar 26, 2014
$11,344,200
Bre Ssp Property Owner LLC
Palmetto Hospitality Of Gainesville
Special Warranty Deed
—
Jul 17, 2008
$1,965,900
Palmetto Hospitality Of Gainesvil
Atkins Storage & Office Center
Warranty Deed
$16,200,000 · Columbus Bank & Trust 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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