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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Medical Office Space
4800 35th Dr Gainesville, FL 32608-7686
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-4286042
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2002
Construction
STEEL FRAME
Total area
40,711 SF
Lot
3.45 ac (150,282 SF)
Zoning code
BI
APN
07240-036-000
UPID
US18-4286042
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
-
UF Health Pathology Laboratories Medical Laboratory
-
FEMORS Association / Organization
-
Dr. Vladimir Vincek, MD Physician Medical Clinic
-
Dr. Michael Imber Physician
-
Xu Zeng Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.20M
Blend (final)
Blend
$3.40M
Owner & transaction history
Rocky Point Labs INC · 7 yrs held
Rocky Point Labs INC
since 2019
7 recorded transactions
Zoning & alternative use
BI · 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
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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,115,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.73M · ±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
$83 / 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
$97,016
Tax year 2023
Assessed value
$4,133,900
Assessed 2023
Previous assessed
$4,133,900
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$375,700
Assessed improvement
$3,758,200
Land market value
$375,700
Improvement market value
$3,758,200
Total market value
$4,133,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
70
Bathrooms
72
Total area
40,711 SF
Lot
3.45 ac (150,282 SF)
Zoning code
BI
APN
07240-036-000
UPID
US18-4286042
Jurisdiction
ALACHUA
Zoning & alternative use
BI · Gainesville, FL
Zoning BI · permitted uses
BI · 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
WAREHOUSE, STORAGE
Est. value
$5.1M
WAREHOUSE, STORAGE
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
2002
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
70
Bathrooms
72
Lot
3.45 ac
Current owner
From public records · entity-resolved
Rocky Point Labs INC
Entity
Mailing address
3603 NW 98TH ST STE C, GAINESVILLE, FL 32606-5282
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 9, 2020
—
Rocky Point Labs INC
—
Deed
related
$4,000,000 · Vystar Cu
Feb 14, 2019
$100
Rocky Point Labs INC
Henderson J D II & F L Trust
Correction Deed
related
—
Feb 14, 2019
—
Rocky Point Labs INC
—
Deed
related
$155,000 · Centerstate Bk NA
Sep 28, 2018
—
Rocky Point Labs INC
—
Deed
related
—
—
—
Rocky Point Labs INC
—
Deed Of Trust
related
$155,000 · Centerstate Bk NA
—
—
Rocky Point Labs INC
—
Deed Of Trust
related
$4,000,000 · Vystar Cu
—
—
Rocky Point Labs INC
—
Loan Modification
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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