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Property profile & analytics
OFF-MARKET
Estimated value
$1,845,000
Medical Office Space
6440 Newberry Rd 1 Gainesville, FL 32605-4381
Entity Owned
Free & Clear
Property ID
US18-6123606
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1991
Construction
STEEL FRAME
Total area
16,873 SF
Lot
0.91 ac (39,640 SF)
Zoning code
MD
APN
06340-012-001
UPID
US18-6123606
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
-
Schoenfeld Orene V MD Physician
-
All About Women Obstetrics & Gynecology: Dr. Jean C. Cook, MD Physician
-
Dr. Karen E. Harris, MD Physician
-
North Florida Regional Medical Center Obgyn Medical Clinic
-
North Florida Perinatal Associates - Gainesville Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.26M
Blend (final)
Blend
$1.85M
Owner & transaction history
HCA REALTY INC
HCA REALTY INC
Zoning & alternative use
MD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Medical services (MD). 1. Purpose. The MD district is established to provide adequate space in appropriate locations suitable for accommodating the health and related medical needs of the community. 2. Objectives. The provisions of the MD district are intended to: a. Encourage such development to locate in close proximity to the community's major transportat…
Zone name
Medical Services
General category
UNKNOWN
Zone area
177.19 ac
Source
code of ordinances
Top alternative use upside
Office building
$2.8M
+15.5%
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
MEDICAL BUILDING
$2,425,000
Current use
OFFICE BUILDING
$2,800,000
Change: +15% · Conversion: Easy
WAREHOUSE, STORAGE
$2,120,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$1.85M
Range $1.66M – $2.03M · ±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
$109 / 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
$45,793
Tax year 2023
Assessed value
$1,976,900
Assessed 2023
Previous assessed
$1,976,900
+0.0% YoY
Effective rate
2.32%
On assessed value
Assessed land
$597,700
Assessed improvement
$1,379,200
Land market value
$597,700
Improvement market value
$1,379,200
Total market value
$1,976,900
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
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
52
Bathrooms
22
Total area
16,873 SF
Lot
0.91 ac (39,640 SF)
Zoning code
MD
APN
06340-012-001
UPID
US18-6123606
Jurisdiction
ALACHUA
Zoning & alternative use
MD · Gainesville, FLZoning MD · permitted uses
MD · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Medical services (MD). 1. Purpose. The MD district is established to provide adequate space in appropriate locations suitable for accommodating the health and related medical needs of the community. 2. Objectives. The provisions of the MD district are intended to: a. Encourage such development to locate in close proximity to the community's major transportation arteries so as to provide maximum accessibility for emergency vehicles and the general public. b. Discourage encroachment by unrelated retail and office activities and other incompatible uses. c. Ensure through development plan review that development is undertaken in a manner compatible with less intense uses of land or buildings in the area. F.
Zone name
Medical Services
General category
UNKNOWN
Zone area
177.19 ac
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.1M
MEDICAL BUILDING Current
OFFICE BUILDING
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
1991
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
52
Bathrooms
22
Lot
0.91 ac
Current owner
From public records · entity-resolved
HCA REALTY INC
Entity
Free & Clear · 0 yrs held
Mailing address
PO BOX 80610, INDIANAPOLIS, IN 46280-0610
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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