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Property profile & analytics
OFF-MARKET
Estimated value
$8,215,000
Assisted living facilities
6700 10th Pl Gainesville, FL 32605-4213
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-5013957
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
45,437 SF
Lot
2.74 ac (119,354 SF)
Zoning code
HM
APN
06340-008-000
UPID
US18-5013957
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
-
Mark S. Hill, PT Medical Clinic
-
Aspire at North Florida Rehabilitation Center Medical Center
-
Senior Healthcare Center At Crown Pointe Physician
-
Dr. Rafael A. Cott Jr, MD Physician
-
Dr. Gilbert R. Fortus, MD Geriatric Care Provider
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.22M
Owner & transaction history
6700 Nw 10th Place Fl Owner LLC · 2 yrs held
6700 Nw 10th Place Fl Owner LLC
since 2023
Last sale
$8.2M
7 recorded transactions
Zoning & alternative use
HM · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
code of ordinances
Top alternative use upside
Auto repair, garage
$7.3M
+219.2%
Restaurant
$6.6M
+188.8%
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
$8,215,000
ML approach
$8,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$7,250,000
Change: +219% · Conversion: Difficult
RESTAURANT
$6,560,000
Change: +189% · Conversion: Difficult
Blend value · Realmo final
$8.22M
Range $7.39M – $9.04M · ±10% · vs last sale $8.23M (Sep 7 2023)
Last sale anchor
$8.23M
Sep 7 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
$181 / 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
$107,020
Tax year 2023
Assessed value
$6,872,057
Assessed 2023
Previous assessed
$6,872,057
+0.0% YoY
Effective rate
1.56%
On assessed value
Assessed land
$1,638,854
Assessed improvement
$5,233,203
Land market value
$1,638,854
Improvement market value
$5,233,203
Total market value
$6,872,057
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
110
Bathrooms
48
Total area
45,437 SF
Lot
2.74 ac (119,354 SF)
Zoning code
HM
APN
06340-008-000
UPID
US18-5013957
Jurisdiction
ALACHUA
Zoning & alternative use
HM · Gainesville, FLZoning HM · permitted uses
HM · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
code of ordinances
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$7.3M
RESTAURANT
Est. value
$6.6M
AUTO REPAIR, GARAGE
RESTAURANT
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
110
Bathrooms
48
Lot
2.74 ac
Current owner
From public records · entity-resolved
6700 Nw 10th Place Fl Owner LLC
Entity
Free & Clear · 2 yrs held
Mailing address
885 3RD AVE, NEW YORK, NY 10022-4834
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2023
$8,231,200
6700 Nw 10th Place Fl Owner LLC
6700 Nw 10th Place Re LLC
Special Warranty Deed
—
Feb 22, 2023
$10,904,100
6700 Nw 10th Place Re LLC
Eclipse Decathlon Re North Florida
Special Warranty Deed
—
Mar 7, 2019
—
Eclipse Decathlon Prop LLC
—
Deed
related
$81,525,000 · Wo Healthco-3 LLC
May 8, 2014
$18,914,000
Decathlon Re North Flo Eclipse
Decathlon Re North Florida LLC
Grant Deed
—
Oct 10, 2012
$15,412,100
Decathlon Re North Florida LLC
Diamond Senior Living I LLC
Grant Deed
$81,525,000 · General Electric Capital Corp
Oct 16, 2006
—
Formation Protfolio I LLC
Formation Properties I LLC
Quit Claim Deed
—
Aug 9, 2004
—
Formation Properties I LLC
—
Deed Of Trust
related
$200,000,000 · General Electric Capital Corp
Jan 15, 2002
—
Formation Properties I LLC
Beverly Enterprises Florida
Grant Deed
$100,000,000 · Salomon Brothers Realty Corp T
Jan 15, 2002
$3,928,100
Formation Properties
Beverly Enterprises Florida
Grant Deed
—
—
—
Eclipse Decathlon Prop LLC
—
Loan Modification
related
$81,525,000 · Wo Healthco-3 LLC
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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