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Property profile & analytics
OFF-MARKET
Estimated value
$1,875,000
Motels
4000 40th Blvd Gainesville, FL 32608-2372
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3813696
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2017
Construction
STEEL FRAME
Total area
25,894 SF
Lot
2.79 ac (121,532 SF)
Zoning code
BUS
APN
06800-003-000
UPID
US18-3813696
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
-
Drury Inn & Suites Gainesville Hotel & Motel
-
drury inn & suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.05M
Comparable Approach
Comparable
$1.70M
Blend (final)
Blend
$1.88M
Owner & transaction history
Ddc Hotels INC · 10 yrs held
Ddc Hotels INC
since 2015
7 recorded transactions
Zoning & alternative use
BUS · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+348.8%
Warehouse, storage
$2.9M
+322.8%
Retail stores
$2.8M
+311.7%
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%
$2,220,000
6.5%
$2,050,000
7%
$1,900,000
Alternative Use
Use
Estimation
RESTAURANT
$3,075,000
Change: +349% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,900,000
Change: +323% · Conversion: Difficult
RETAIL STORES
$2,825,000
Change: +312% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,730,000
Change: +298% · Conversion: Difficult
Blend value · Realmo final
$1.88M
Range $1.69M – $2.06M · ±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
$72 / 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
$294,526
Tax year 2023
Assessed value
$15,949,400
Assessed 2023
Previous assessed
$11,331,400
+40.8% YoY
Effective rate
1.85%
On assessed value
Assessed land
$11,370,253
Assessed improvement
$4,579,147
Land market value
$11,370,253
Improvement market value
$4,579,147
Total market value
$15,949,400
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
7
Units
100
Rooms
122
Bathrooms
174
Total area
25,894 SF
Lot
2.79 ac (121,532 SF)
Zoning code
BUS
APN
06800-003-000
UPID
US18-3813696
Jurisdiction
ALACHUA
Zoning & alternative use
BUS · Gainesville, FL
Zoning BUS · permitted uses
BUS · 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
RESTAURANT
Est. value
$3.1M
WAREHOUSE, STORAGE
Est. value
$2.9M
RETAIL STORES
Est. value
$2.8M
COMMERCIAL (GENERAL)
Est. value
$2.7M
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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
7
Units
100
Rooms
122
Bathrooms
174
Lot
2.79 ac
Current owner
From public records · entity-resolved
Ddc Hotels INC
Entity
Mailing address
13075 MANCHESTER RD #200, SAINT LOUIS, MO 63131-1836
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2020
—
Ddc Hotels INC
—
Deed
related
$250,000 · Banterra Bank
Oct 26, 2015
$4,400,000
Ddc Hotels INC
Kush Hotels II INC
Grant Deed
—
May 6, 2013
—
Kush Hotels II INC
—
Trustees Deed
related
$1,500,000 · K & P Partners LP
Aug 17, 2012
$1,852,500
Kush Hotels II INC
Motel 6 Operating LP
Grant Deed
—
Sep 26, 2007
$10,700
Nh Gainesville Statutory Trust
Nh6 Lr II Ltd
Grant Deed
—
Sep 26, 2007
$3,827,200
Motel 6 Operating
Nh Gainesville Statuto Trust
Grant Deed
—
—
—
Kush Hotels II INC
—
Deed Of Trust
related
$227,000 · Argent Bank
—
—
Kush Hotels II INC
—
Deed Of Trust
related
$1,423,000 · Argent 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.
Try Rey
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