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Property profile & analytics
OFF-MARKET
Estimated value
$1,510,000
Warehouses
350 39th Ave, Gainesville, FL 32609-0707
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-9752257
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1973
Construction
STEEL FRAME
Total area
16,708 SF
Lot
2.22 ac (96,703 SF)
Zoning code
I1
APN
08001-001-000
UPID
US18-9752257
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
-
Food4Kids Backpack Program Charitable Organization Social Service Agency
-
UF Mover Guys Moving Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.48M
CAP Approach
CAP
$1.88M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.51M
Owner & transaction history
Jordan Speisman Holding LLC · 3 yrs held
Jordan Speisman Holding LLC
since 2023
Last sale
$1.5M
4 recorded transactions
Zoning & alternative use
I1 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.5M
+29.6%
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
$1,520,000
ML approach
$1,475,000
CAP Approach
CAP Return
Estimation
6%
$2,035,000
6.5%
$1,880,000
7%
$1,745,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,890,000
Current use
MEDICAL BUILDING
$2,450,000
Change: +30% · Conversion: Difficult
Blend value · Realmo final
$1.51M
Range $1.36M – $1.66M · ±10% · vs last sale $1.53M (May 15 2023)
Last sale anchor
$1.53M
May 15 2023
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
$90 / 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
$24,276
Tax year 2023
Assessed value
$1,054,499
Assessed 2023
Previous assessed
$886,068
+19.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$406,153
Assessed improvement
$648,346
Land market value
$406,153
Improvement market value
$648,346
Total market value
$1,054,499
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
NONE
Stories
2
Units
100
Rooms
1
Bathrooms
9
Total area
16,708 SF
Lot
2.22 ac (96,703 SF)
Zoning code
I1
APN
08001-001-000
UPID
US18-9752257
Jurisdiction
ALACHUA
Zoning & alternative use
I1 · Gainesville, FL
Zoning I1 · permitted uses
I1 · 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
WAREHOUSE, STORAGE Current
Est. value
$1.9M
MEDICAL BUILDING
Est. value
$2.5M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
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
1973
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
2
Units
100
Rooms
1
Bathrooms
9
Lot
2.22 ac
Current owner
From public records · entity-resolved
Jordan Speisman Holding LLC
Entity
Mailing address
350 NW 39TH AVE, GAINESVILLE, FL 32609-0707
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
May 15, 2023
$1,525,000
Jordan Speisman Holding LLC
Watson Property Management LLC
Warranty Deed
$1,296,250 · Renasant Bank
Feb 15, 2017
$855,000
Waston Property Management LLC
Beechler Printininc
Warranty Deed
$726,700 · Gateway Bank Of Central Florida
Dec 1, 1987
$375,000
Beechler
Owner Name Unavailable
Grant Deed
related
—
—
—
Beechlers Printing INC
—
Deed Of Trust
related
$328,290 · Rbc Bank (usa)
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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