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Property profile & analytics
OFF-MARKET
Estimated value
$640,000
Grocery and convenience stores
3838 Main St Gainesville, FL 32609-2335
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US18-0219733
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,976 SF
Lot
1.24 ac (54,014 SF)
Zoning code
BA
APN
08210-001-011
UPID
US18-0219733
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
-
Circle K Car Wash
-
Redbox Cinema (Bike/Boat/Book/etc) Store
-
Blue Rhino Propane Exchange Propane Supplier
-
Bitcoin Depot | Bitcoin ATM Atm
-
Circle K | Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$400k
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$839k
Blend (final)
Blend
$640k
Owner & transaction history
Equilease At Main St INC · 20 yrs held
Equilease At Main St INC
since 2006
6 recorded transactions
Zoning & alternative use
BA · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$805,000
+29.1%
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
$400,000
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$600,000
Alternative Use
Use
Estimation
RETAIL STORES
$620,000
Current use
OFFICE BUILDING
$805,000
Change: +29% · Conversion: Easy
MEDICAL BUILDING
$585,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$640k
Range $576k – $704k · ±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
$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
$23,434
Tax year 2023
Assessed value
$994,207
Assessed 2023
Previous assessed
$999,564
-0.5% YoY
Effective rate
2.36%
On assessed value
Assessed land
$540,144
Assessed improvement
$454,063
Land market value
$540,144
Improvement market value
$454,063
Total market value
$994,207
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
100
Rooms
6
Bathrooms
10
Total area
3,976 SF
Lot
1.24 ac (54,014 SF)
Zoning code
BA
APN
08210-001-011
UPID
US18-0219733
Jurisdiction
ALACHUA
Zoning & alternative use
BA · Gainesville, FL
Zoning BA · permitted uses
BA · 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
RETAIL STORES Current
Est. value
$620,000
OFFICE BUILDING
Est. value
$805,000
MEDICAL BUILDING
Est. value
$585,000
RETAIL STORES Current
OFFICE BUILDING
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
2007
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
100
Rooms
6
Bathrooms
10
Lot
1.24 ac
Current owner
From public records · entity-resolved
Equilease At Main St INC
Entity
Mailing address
119 PIRATES CV, MARATHON, FL 33050-2925
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2018
—
Lg 3432 N Main Gainesville LLC
—
Deed
related
$724,272 · Centennial Bk
Apr 6, 2006
—
Equilease At Main St INC
Thomas Oil
Quit Claim Deed
related
—
Apr 6, 2006
$725,000
Equilease At Main St INC
Thomas Oil
Warranty Deed
—
—
—
Equilease At Main St INC
—
Deed Of Trust
related
$500,000 · Wachovia Bank NA
—
—
Thomas Oil Co
—
Deed Of Trust
related
$323,447 · Fidelity Bank Florida
—
—
Lg 3432 N Main Gainesville LLC
—
Deed Of Trust
related
$724,272 · Centennial Bk
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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