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Property profile & analytics
OFF-MARKET
Estimated value
$630,000
Office buildings
5800 20th Ave Gainesville, FL 32607-3646
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-3657489
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1981
Construction
WOOD
Total area
2,472 SF
Lot
14.6 ac (635,976 SF)
Zoning code
R-2A
APN
06683-000-000
UPID
US18-3657489
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
-
BigCuzs Holistic Entrepreneur Wholesaler Custom T-Shirt Store
-
Majestic Oaks Apartments Apartment Complex
-
Foreign Baddies Beauty Co. Cosmetic Store
-
Majestic Oaks Pool Swimming Pool Hardware & Home Improvement
-
Majestic Oaks Basketball Court Sports Field & Court Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$466k
Blend (final)
Blend
$630k
Owner & transaction history
Sp Mo Apartments LLC · 10 yrs held
Sp Mo Apartments LLC
since 2016
7 recorded transactions
Zoning & alternative use
R-2A · 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%
$550,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$955,000
Current use
Blend value · Realmo final
$630k
Range $567k – $693k · ±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
$255 / 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
$38,288
Tax year 2023
Assessed value
$14,806,700
Assessed 2023
Previous assessed
$9,100,200
+62.7% YoY
Effective rate
0.26%
On assessed value
Assessed land
$5,490,844
Assessed improvement
$9,315,856
Land market value
$5,490,844
Improvement market value
$9,315,856
Total market value
$14,806,700
Applied tax rate
400.0000
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
16
Stories
1
Units
100
Rooms
8
Bathrooms
43
Total area
2,472 SF
Lot
14.6 ac (635,976 SF)
Zoning code
R-2A
APN
06683-000-000
UPID
US18-3657489
Jurisdiction
ALACHUA
Zoning & alternative use
R-2A · Gainesville, FL
Zoning R-2A · permitted uses
R-2A · 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
OFFICE BUILDING Current
Est. value
$955,000
OFFICE BUILDING Current
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
1981
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
16
Units
100
Rooms
8
Bathrooms
43
Lot
14.6 ac
Current owner
From public records · entity-resolved
Sp Mo Apartments LLC
Entity
Mailing address
31899 DEL OBISPO ST STE #150, SAN JUAN CAPISTRANO, CA 92675-3244
Ownership since
2016
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
Mar 15, 2019
—
Sp Mo Apartments LLC
—
Deed
related
$735,000 · Jones Lang Lasalle Multifamily
May 27, 2016
$9,500,000
Sp Mo Apartments LLC
Majestic Oaks Holdings LLC
Grant Deed
$9,500,000 · Private Individual
Sep 11, 2013
$6,500,000
Majestic Oaks Holdings LLC
5800 Sw 20th Avenue Holdings L
Grant Deed
related
$4,550,000 · Arbor Realty SR
Aug 18, 2011
$100
Sw 20th Avenue Holdings 5800
Advenir Of Majestic LLC Coc
Trustees Deed
related
—
Jun 20, 2002
$5,154,000
Advenir At Majestic LLC
Majestic Oaks Apartments Ltd
Grant Deed
related
$4,320,000 · Lehman Brothers Bank Fsb
—
—
Sp Mo Apartments LLC
—
Deed Of Trust
related
$735,000 · Jones Lang Lasalle Multifamily
—
—
Advenir Of Majestic LLC
—
Deed Of Trust
related
$3,860,249 · Lehman Brothers Bank Fsb
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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