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Property profile & analytics
FOR LEASE
Warehouses
6515 NW 16Th St Gainesville, FL 32653
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-0575394
For Lease
1 / 27
$90,000 SF/Yr
6515 NW 16Th St, Gainesville, FL 32653
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2011
Construction
STEEL FRAME
Total area
5,700 SF
Lot
0.5 ac (21,780 SF)
Zoning code
I1
APN
07879-601-020
UPID
US18-0575394
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
-
LED Therapy Systems (Bike/Boat/Book/etc) Store Hardware & Home Improvement
-
Comtech Electronics, Inc. Research And Product Development
-
Grow Thyme is now Good Grow Garden Center & Hydroponics Supply Factory Industrial Manufacturer
-
Good Grow Factory Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
6515 Cj LLC · 1 yrs held
6515 Cj LLC
since 2025
Last sale
$730,000
4 recorded transactions
Zoning & alternative use
I1 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$945,000
+92.0%
Medical building
$835,000
+69.8%
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
$730,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$495,000
Current use
OFFICE BUILDING
$945,000
Change: +92% · Conversion: Difficult
MEDICAL BUILDING
$835,000
Change: +70% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $730k (Aug 1 2023)
Last sale anchor
$730k
Aug 1 2023
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
$127 / 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
$7,148
Tax year 2023
Assessed value
$329,965
Assessed 2023
Previous assessed
$251,992
+30.9% YoY
Effective rate
2.17%
On assessed value
Assessed land
$42,100
Assessed improvement
$287,865
Land market value
$42,100
Improvement market value
$287,865
Total market value
$329,965
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
100
Rooms
6
Bathrooms
6
Total area
5,700 SF
Lot
0.5 ac (21,780 SF)
Zoning code
I1
APN
07879-601-020
UPID
US18-0575394
Jurisdiction
ALACHUA
Zoning & alternative use
I1 · Gainesville, FL
Zoning I1 · permitted uses
I1 · 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 Current
Est. value
$495,000
OFFICE BUILDING
Est. value
$945,000
MEDICAL BUILDING
Est. value
$835,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
MEDICAL BUILDING
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
2011
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
6
Bathrooms
6
Lot
0.5 ac
Current owner
From public records · entity-resolved
6515 Cj LLC
Entity
Mailing address
1638 NW 55TH PL, GAINESVILLE, FL 32653-2109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2025
—
6515 Cj LLC
Chuen Long Hoe
Quitclaim Deed
related
—
Aug 1, 2023
$730,000
Cheun Leong Hoe
The David K Crapps Living Trust
Warranty Deed
—
Mar 29, 2022
—
David K Crapps
David K Crapps
Intrafamily Transfer
related
—
Mar 17, 2009
$70,100
David K Crapps
Ronshema INC
Warranty Deed
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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