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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Warehouses
3709 42nd Ave Gainesville, FL 32608-2504
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-3417069
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
14,750 SF
Lot
0.34 ac (14,810 SF)
Zoning code
BI
APN
07240-200-002
UPID
US18-3417069
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
-
Prominent Supply Big Box & Wholesale Store
-
Tri-City Vending Co Big Box & Wholesale Store
-
M&M Paint and Body Shop Express Auto Repair Shop
-
Kairos Auto Repair and Alignment Auto Repair Shop
-
Aquility Systems Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$828k
Blend (final)
Blend
$880k
Owner & transaction history
L & R GAINESVILLE PROPERTY LLC
L & R GAINESVILLE PROPERTY LLC
Zoning & alternative use
BI · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
e (UMU) U6, U7, U8 PD, CON, PS Urban Mixed-Use High-Intensity (UMUH) U9 PD, CON, PS Urban Core (UC) DT PD, CON, PS Office (O) OR, OF, CP PD, CON, PS, MD Commercial (C) W, BA, BT, BUS, BI PD, CON, PS Business Industrial (BI) BI, CP PD, CON, PS Industrial (IND) W, I-1, I-2, BI PD, CON, PS Education (E) N/A PD, CON, PS, ED Recreation (REC) N/A PD, CON, PS Conse…
Zone name
Business Industrial
General category
INDUSTRIAL
Zone area
963.23 ac
Source
code of ordinances
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
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$60 / 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
$13,585
Tax year 2023
Assessed value
$548,732
Assessed 2023
Previous assessed
$465,364
+17.9% YoY
Effective rate
2.48%
On assessed value
Assessed land
$222,156
Assessed improvement
$326,576
Land market value
$222,156
Improvement market value
$326,576
Total market value
$548,732
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
100
Rooms
1
Bathrooms
13
Total area
14,750 SF
Lot
0.34 ac (14,810 SF)
Zoning code
BI
APN
07240-200-002
UPID
US18-3417069
Jurisdiction
ALACHUA
Zoning & alternative use
BI · Gainesville, FLZoning BI · permitted uses
BI · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
e (UMU) U6, U7, U8 PD, CON, PS Urban Mixed-Use High-Intensity (UMUH) U9 PD, CON, PS Urban Core (UC) DT PD, CON, PS Office (O) OR, OF, CP PD, CON, PS, MD Commercial (C) W, BA, BT, BUS, BI PD, CON, PS Business Industrial (BI) BI, CP PD, CON, PS Industrial (IND) W, I-1, I-2, BI PD, CON, PS Education (E) N/A PD, CON, PS, ED Recreation (REC) N/A PD, CON, PS Conservation (CON) N/A PD, CON, PS Agriculture (AGR) N/A PD, CON, PS, AGR Public and In
Zone name
Business Industrial
General category
INDUSTRIAL
Zone area
963.23 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
100
Rooms
1
Bathrooms
13
Lot
0.34 ac
Current owner
From public records · entity-resolved
L & R GAINESVILLE PROPERTY LLC
Entity
Free & Clear · 0 yrs held
Mailing address
980 N FEDERAL HWY STE #406, BOCA RATON, FL 33432-2712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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