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Property profile & analytics
OFF-MARKET
Estimated value
$6,760,000
Motels
3700 42nd St Gainesville, FL 32608-2383
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US19-0290580
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,271 SF
Lot
2.04 ac (88,862 SF)
Zoning code
BI
APN
06800-014-000
UPID
US19-0290580
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
-
Courtyard Gainesville FL Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.59M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.76M
Owner & transaction history
Gator Hotel One LLC · 6 yrs held
Gator Hotel One LLC
since 2020
Last sale
$6.9M
5 recorded transactions
Zoning & alternative use
BI · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$7.2M
+502.5%
Office building
$6.3M
+424.9%
Apartment house (5+ units)
$5.5M
+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
$6,710,000
ML approach
$6,590,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,220,000
Change: +502% · Conversion: Difficult
OFFICE BUILDING
$6,295,000
Change: +425% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,485,000
Change: +358% · Conversion: Difficult
RESTAURANT
$5,380,000
Change: +349% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,070,000
Change: +323% · Conversion: Difficult
RETAIL STORES
$4,935,000
Change: +312% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,770,000
Change: +298% · Conversion: Difficult
Blend value · Realmo final
$6.76M
Range $6.08M – $7.44M · ±10% · vs last sale $6.87M (Mar 20 2020)
Last sale anchor
$6.87M
Mar 20 2020
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
$149 / 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
$102,109
Tax year 2023
Assessed value
$4,758,800
Assessed 2023
Previous assessed
$3,755,300
+26.7% YoY
Effective rate
2.15%
On assessed value
Assessed land
$1,478,205
Assessed improvement
$3,280,595
Land market value
$1,478,205
Improvement market value
$3,280,595
Total market value
$4,758,800
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
3
Units
100
Rooms
81
Bathrooms
62
Total area
45,271 SF
Lot
2.04 ac (88,862 SF)
Zoning code
BI
APN
06800-014-000
UPID
US19-0290580
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
$7.2M
OFFICE BUILDING
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.5M
RESTAURANT
Est. value
$5.4M
WAREHOUSE, STORAGE
Est. value
$5.1M
RETAIL STORES
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$4.8M
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
1996
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
100
Rooms
81
Bathrooms
62
Lot
2.04 ac
Current owner
From public records · entity-resolved
Gator Hotel One LLC
Entity
Mailing address
800 W CYPRESS RD, FT LAUDERDALE, FL 33309
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2020
$6,867,000
Gator Hotel One LLC
Hit Fortfold I Owner LLC
Special Warranty Deed
—
May 12, 2017
—
Hit Portfolio I Owner LLC
—
Loan Modification
related
$793,592,228 · Deutsche Bk Ag/ny Branch
Mar 13, 2015
$15,463,900
Arc Hospitality Portfolio I Ow
W2007 Equity Inns Realty LLC
Grant Deed
—
Nov 20, 2007
—
W2007 Equity Inns Realty LLC
W2007 Equity Inns Ptshp
Quit Claim Deed
related
—
Jul 22, 2004
$560,000
Equity Inns Ptshp
Mckibbon Brothers INC
Grant Deed
related
—
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.
Try Rey
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