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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Medical Office Space
3510 43rd St Gainesville, FL 32606-6104
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-1512598
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1995
Construction
WOOD
Total area
4,484 SF
Lot
0.75 ac (32,660 SF)
Zoning code
RP
APN
06121-000-000
UPID
US18-1512598
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
-
Barberi Bibiana T DDS Dental Office
-
Millhopper Family Dentistry Dental Office
-
Dr. Alecia L. Mcdonald, DMD Dental Office
-
Dr. Kenneth W. Knopf, DMD Dental Office
-
Spooner Richard D DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$648k
Blend (final)
Blend
$575k
Owner & transaction history
Millhopper Family Dentistry LLC · 1 yrs held
Millhopper Family Dentistry LLC
since 2024
7 recorded transactions
Zoning & alternative use
RP · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$675,000
+2.9%
Retail stores
$675,000
+2.6%
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
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
MEDICAL BUILDING
$660,000
Current use
OFFICE BUILDING
$675,000
Change: +3% · Conversion: Easy
RETAIL STORES
$675,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$565,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$128 / 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
$12,077
Tax year 2023
Assessed value
$568,302
Assessed 2023
Previous assessed
$568,302
+0.0% YoY
Effective rate
2.13%
On assessed value
Assessed land
$174,552
Assessed improvement
$393,750
Land market value
$174,552
Improvement market value
$393,750
Total market value
$568,302
Applied tax rate
400.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
11
Bathrooms
32
Total area
4,484 SF
Lot
0.75 ac (32,660 SF)
Zoning code
RP
APN
06121-000-000
UPID
US18-1512598
Jurisdiction
ALACHUA
Zoning & alternative use
RP · Gainesville, FL
Zoning RP · permitted uses
RP · 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
MEDICAL BUILDING Current
Est. value
$660,000
OFFICE BUILDING
Est. value
$675,000
RETAIL STORES
Est. value
$675,000
WAREHOUSE, STORAGE
Est. value
$565,000
MEDICAL BUILDING Current
OFFICE BUILDING
RETAIL STORES
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
1995
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
11
Bathrooms
32
Lot
0.75 ac
Current owner
From public records · entity-resolved
Millhopper Family Dentistry LLC
Entity
Mailing address
21799 NW COUNTY RD 2054TH ST, ALACHUA, FL 32615-5963
Mailing matches property
Yes
Owner-occupied
Yes
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 16, 2024
—
Millhopper Family Dentistry LLC
Kenneth W Knopf
Correction Deed
related
$500,000 · Southstar Bank Ssb
Jun 20, 2024
—
Millhopper Family Dentistry LLC
Kenneth W Knopf
Special Warranty Deed
—
Mar 19, 2018
$58,616
Valentina Ayala
Knopf,kenneth W
Grant Deed
$58,616 · Kenneth W Knopf
Mar 19, 2018
$23,446
Richard G Spooner
Knopf,kenneth W
Grant Deed
—
Aug 1, 2013
$57,944
Richard G Spooner
Mcdonald,alecia S
Grant Deed
$57,944 · Alecia S Mcdonald
Aug 1, 2013
$77,228
Richard G Spooner
Knopf,kenneth W
Grant Deed
$77,228 · Kenneth W Knopf
Aug 1, 2013
$35,415
Alecia S Mcdonald
Knopf,kenneth W
Grant Deed
—
Mar 29, 2012
$138,845
Alecia S Mcdonald
Knopf,kenneth W
Grant Deed
—
Aug 2, 2001
$397,600
Kenneth W Knopf
Knopf,suanne M
Grant Deed
related
—
Dec 16, 1998
$128,000
Bci Development INC
Knopf,kenneth W & Suanne S
Grant Deed
$32,601 · Suntrust Bank North Central Fl
—
—
Kenneth W Knopf
—
Deed Of Trust
related
$770,000 · Florida Citizens 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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