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Property profile & analytics
OFF-MARKET
Motels
413 University Ave Gainesville, FL 32601-5207
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-5500467
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
13,684 SF
Lot
0.59 ac (25,700 SF)
Zoning code
DT
APN
13505-000-000
UPID
US18-5500467
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
-
Gainesville Lodge Hotel & Motel
-
Depot Park Park
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gainesville Lodge Partners LLC · 1 yrs held
Gainesville Lodge Partners LLC
since 2025
7 recorded transactions
Zoning & alternative use
DT · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2022Property tax & assessments
Tax year 2022
Tax billed
$112,504
Tax year 2022
Assessed value
$1,174,300
Assessed 2023
Previous assessed
$769,000
+52.7% YoY
Effective rate
9.58%
On assessed value
Assessed land
$436,078
Assessed improvement
$738,222
Land market value
$436,078
Improvement market value
$738,222
Total market value
$1,174,300
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
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
1
Units
100
Rooms
40
Bathrooms
20
Total area
13,684 SF
Lot
0.59 ac (25,700 SF)
Zoning code
DT
APN
13505-000-000
UPID
US18-5500467
Jurisdiction
ALACHUA
Zoning & alternative use
DT · Gainesville, FL
Zoning DT · permitted uses
DT · 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.
Building & site characteristics
From public records
Year built
1961
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
40
Bathrooms
20
Lot
0.59 ac
Current owner
From public records · entity-resolved
Gainesville Lodge Partners LLC
Entity
Mailing address
413 W UNIVERSITY AVE, GAINESVILLE, FL 32601-5207
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
$2,500,000
Gainesville Lodge Partners LLC
Parkash M Patel
Warranty Deed
$1,875,000 · Barwick Banking Co
Dec 12, 2024
—
Prakash M Patel
Gainesville Lodge LLC
Warranty Deed
—
Sep 19, 2019
$222,400
Prakash M Patel
Prakash M Patel
Warranty Deed
related
$490,000 · Capital City Bank
Aug 14, 2017
—
Prakash M Patel
Pinkoson,charles
Quit Claim Deed
related
—
Aug 14, 2017
$465,000
Prakash M Patel
Upshaw,nona P
Warranty Deed
$465,000 · Young & Fleming Investors
—
—
Gainesville Lodge LLC
—
Loan Modification
related
—
—
—
Gainesville Lodge LLC
—
Deed Of Trust
related
$256,730 · Gopal Govan
—
—
Gainesyille Lodge LLC
—
Loan Modification
related
$315,502 · Alarion Bk
—
—
Gainesville Lodge LLC
—
Loan Modification
related
$188,008 · Alarion Bk
—
—
Gainesville Lodge LLC
—
Deed Of Trust
related
$400,000 · Alarion 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.
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