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Property profile & analytics
OFF-MARKET
Office buildings
6424 18th Dr Gainesville, FL 32653-1642
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-4454273
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1990
Construction
STEEL FRAME
Total area
1,308 SF
Lot
2.38 ac (103,673 SF)
Zoning code
I2
APN
07878-030-021
UPID
US18-4454273
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
-
Crystal Air & Water, Inc. Hardware & Home Improvement HVAC Service
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
Walkabout 6424 LLC · 9 yrs held
Walkabout 6424 LLC
since 2016
5 recorded transactions
Zoning & alternative use
I2 · 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 2023Property tax & assessments
Tax year 2023
Tax billed
$14,933
Tax year 2023
Assessed value
$692,861
Assessed 2023
Previous assessed
$607,362
+14.1% YoY
Effective rate
2.16%
On assessed value
Assessed land
$497,630
Assessed improvement
$195,231
Land market value
$497,630
Improvement market value
$195,231
Total market value
$692,861
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
100
Rooms
1
Bathrooms
3
Total area
1,308 SF
Lot
2.38 ac (103,673 SF)
Zoning code
I2
APN
07878-030-021
UPID
US18-4454273
Jurisdiction
ALACHUA
Zoning & alternative use
I2 · Gainesville, FL
Zoning I2 · permitted uses
I2 · 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
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
100
Rooms
1
Bathrooms
3
Lot
2.38 ac
Current owner
From public records · entity-resolved
Walkabout 6424 LLC
Entity
Mailing address
6424 NW 18TH DR, GAINESVILLE, FL 32653-1642
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2017
—
Walkahout 6424 LLC
—
Deed
related
$160,000 · Harbor Community Bank
Nov 21, 2016
$340,000
Walkabout 6424 LLC
Gaston Properties LLC
Warranty Deed
$272,000 · Harbor Community Bank
Mar 4, 2013
—
William Gaston III
—
Deed Of Trust
related
$1,587,553 · Td Bank NA
May 26, 2006
—
Gaston Properties LLC
Gaston,william G III
Quit Claim Deed
—
—
—
William G Gaston III
—
Deed Of Trust
related
$409,600 · Td Bank NA
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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