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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Grocery and convenience stores
3960 Archer Rd Gainesville, FL 32608-2402
Trust Owned
6-yr Hold
Free & Clear
Property ID
US18-4947959
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,676 SF
Lot
1.41 ac (61,420 SF)
Zoning code
PD
APN
06810-003-005
UPID
US18-4947959
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
-
Arby's Restaurant Take-out & Catering
-
Exxon Gas Station
-
Fast Track Grocery & Convenience Store
-
Dairy Queen (Treat) Grocery & Convenience Store Specialty Food Shop
-
ATM (Fastrac Markets) Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.11M
Owner & transaction history
Spindle,top Hldgs Land Trust · 6 yrs held
Spindle,top Hldgs Land Trust
since 2019
4 recorded transactions
Zoning & alternative use
PD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+29.5%
Office building
$1.4M
+17.4%
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%
$1,005,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,225,000
Current use
RESTAURANT
$1,585,000
Change: +29% · Conversion: Easy
OFFICE BUILDING
$1,435,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±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
$195 / 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
$63,151
Tax year 2023
Assessed value
$2,704,312
Assessed 2023
Previous assessed
$2,717,569
-0.5% YoY
Effective rate
2.34%
On assessed value
Assessed land
$2,149,686
Assessed improvement
$554,626
Land market value
$2,149,686
Improvement market value
$554,626
Total market value
$2,704,312
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
100
Rooms
8
Bathrooms
1
Total area
5,676 SF
Lot
1.41 ac (61,420 SF)
Zoning code
PD
APN
06810-003-005
UPID
US18-4947959
Jurisdiction
ALACHUA
Zoning & alternative use
PD · Gainesville, FL
Zoning PD · permitted uses
PD · 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
$1.2M
RESTAURANT
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
RESTAURANT
OFFICE 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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
100
Rooms
8
Bathrooms
1
Lot
1.41 ac
Current owner
From public records · entity-resolved
Spindle,top Hldgs Land Trust
Trust
Free & Clear · 6 yrs held
Mailing address
PO BOX 141105, GAINESVILLE, FL 32614-1105
Ownership since
2019
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
Dec 9, 2019
—
Spindle,top Hldgs Land Trust
S Clark Butler Properties Ltd
Correction Deed
—
Dec 19, 2011
—
Spindle Top Holdings Land Trust
S Clark Butler Properties Ltd
Warranty Deed
—
Dec 2, 2011
—
S Clark Butler Properties Ltd
S Clark Butler Props L Trust
Quit Claim Deed
—
Dec 30, 2004
—
Butler S C Trust
Butler,s C
Quit Claim 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.
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