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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6510 16th St Gainesville, FL 32653-3971

    • Office buildings
    • 1,581 SF
    • 0.50 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    9.2%
    Office buildings
    Location Intelligence
    Property ID
    US18-3637343
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Palner Group, Inc. / Telecommunications Engineer / Consultant
    • Bearkery® and Dream Day Cakes® / Bakery
    • ABL Architectural Corporation / Architect

    Property Details for 6510 16th St

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.50 lot acres
    Property size
    1,581 SF
    Zone code
    I1
    Property type
    Office buildings
    APN
    07879-601-001
    APU
    7879601001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $350,000
      6.5%
      $325,000
      7%
      $300,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $225,000
      Market price range: $165k - $423k
      AI Estimate
      $173,000
      Market price range: $120k - $300k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $260,000
      Current use
      RETAIL STORES
      $340,000
      Change: +30% Conversion: Moderate
      MEDICAL BUILDING
      $230,000
      Change: -12% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3446
    Latitude
    29.7144
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,262
    $42,100
    $131,000
    $173,100
    -
    $42,100
    $131,000
    $173,100

    Comparable in this City

    • Value Estimation
      $290,000
      16,111 SF

      5830 34th Blvd

      OFFICE BUILDING (MULTI-STORY) • 16,111 SF
      5830 34th Blvd, Gainesville, FL 32653-2115
      View Details
    • Value Estimation
      $240,000
      1,008 SF

      9333 13th St

      OFFICE BUILDING (MULTI-STORY) • 1,008 SF
      9333 13th St, Gainesville, FL 32653-1038
      View Details
    • Value Estimation by Request
      39,958 SF

      2320 66th Ct

      OFFICE BUILDING (MULTI-STORY) • 39,958 SF
      2320 66th Ct, Gainesville, FL 32653-1630
      View Details
    • Value Estimation
      $300,000
      1,632 SF

      4739 53rd Ave

      OFFICE BUILDING (MULTI-STORY) • 1,632 SF
      4739 53rd Ave, Gainesville, FL 32653-4800
      View Details
    • Value Estimation
      $515,000
      4,380 SF

      4150 93rd Ave

      OFFICE BUILDING (MULTI-STORY) • 4,380 SF
      4150 93rd Ave, Gainesville, FL 32653-7823
      View Details
    • Value Estimation
      $225,000
      1,178 SF

      6216 43rd St Ste C

      OFFICE BUILDING (MULTI-STORY) • 1,178 SF
      6216 43rd St Ste C, Gainesville, FL 32653-8876
      View Details

    Similar Nearby for Sale

    • $39,000
      Pending

      Starke, FL Office Building

      Office building suitable for insurance, real estate, or law offices.
      353 N Temple Ave, Starke, FL 32653
      View Details
    • $350,000
      1,869 SF

      Gainesville Office Suite - Great Investment

      Profitable Office Space, Long-Term Lease
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      3,624 SF

      Gainesville Office Building - Move-In Ready

      Spacious Office, Updated, Ample Parking
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    • $529,000

      Gainesville Office Park Opportunity

      Office space for sale in a desirable Gainesville location.
      4615 NW 53Rd Ave, Gainesville, FL 32653
      View Details
    • $589,900
      Pending

      Gainesville Office/Gym with Unique Design

      Versatile building suitable for office, gym, or warehouse use.
      6750 NW 16Th St, Gainesville, FL 32653
      View Details
    • $549,000
      3,819 SF

      4615 53Rd Ave, Gainesville, FL 32653

      Office Properties & Spaces • 3,819 SF
      4615 53Rd Ave, Gainesville, FL 32653
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,929 SF

      Gainesville Office Space For Rent

      Office space with flexible floor plan and high traffic exposure.
      6208 NW 43Rd St, Gainesville, FL 32653
      View Details
    • $15 SF/Yr
      3,684 SF

      Gainesville Medical Office For Lease

      Medical office space for lease in high demand area.
      4611 NW 53Rd Ave, Gainesville, FL 32653
      View Details
    • $10 SF/Yr
      11,639 SF

      5550 111Th Blvd

      Office Properties & Spaces • 11,639 SF
      5550 111Th Blvd, Gainesville, FL 32653
      View Details
    • $17 SF/Yr
      1,250 SF

      Gainesville Medical Office For Lease

      Medical office space for lease in a well-located business corridor.
      4611 NW 53Rd Ave, Gainesville, FL 32653
      View Details
    • $1,700 /Mo
      1,668 SF

      Gainesville Office Suite For Rent

      Office suite available for lease in Gainesville, Florida.
      9417 NW 43 Way, Gainesville, FL 32653
      View Details
    • $17 SF/Yr
      2,434 SF

      Gainesville Medical Office For Lease

      Medical office space for lease in Bristol Park, Gainesville, Florida.
      4611 NW 53Rd Ave, Gainesville, FL 32653
      View Details
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    6510 16th St
    Gainesville, FL 32653-3971
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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