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Property profile & analytics
OFF-MARKET
Estimated value
$1,555,000
Office buildings
6980 Archer Rd Gainesville, FL 32608-4721
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-5165358
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2009
Construction
STEEL FRAME
Total area
7,222 SF
Lot
0.88 ac (38,333 SF)
Zoning code
PD
APN
06896-004-000
UPID
US18-5165358
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
-
Town & Country Veterinarians and Pet Resort Pet Grooming Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
$1.48M
Comparable Approach
Comparable
$1.13M
Blend (final)
Blend
$1.56M
Owner & transaction history
Terravet Gainesville LLC · 5 yrs held
Terravet Gainesville LLC
since 2020
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
PD · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.0M
+10.3%
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
$1,565,000
ML approach
$1,530,000
CAP Approach
CAP Return
Estimation
6%
$1,600,000
6.5%
$1,480,000
7%
$1,375,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,830,000
Current use
RESTAURANT
$2,015,000
Change: +10% · Conversion: Moderate
RETAIL STORES
$1,560,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$1.56M
Range $1.40M – $1.71M · ±10% · vs last sale $1.60M (Jul 20 2020)
Last sale anchor
$1.60M
Jul 20 2020
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
$215 / 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
$13,693
Tax year 2023
Assessed value
$649,200
Assessed 2023
Previous assessed
$649,200
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$191,700
Assessed improvement
$457,500
Land market value
$191,700
Improvement market value
$457,500
Total market value
$649,200
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
100
Rooms
16
Bathrooms
19
Total area
7,222 SF
Lot
0.88 ac (38,333 SF)
Zoning code
PD
APN
06896-004-000
UPID
US18-5165358
Jurisdiction
ALACHUA
Zoning & alternative use
PD · Gainesville, FL
Zoning PD · permitted uses
PD · 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
OFFICE BUILDING Current
Est. value
$1.8M
RESTAURANT
Est. value
$2.0M
RETAIL STORES
Est. value
$1.6M
OFFICE BUILDING Current
RESTAURANT
RETAIL STORES
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
2009
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
16
Bathrooms
19
Lot
0.88 ac
Current owner
From public records · entity-resolved
Terravet Gainesville LLC
Entity
Mailing address
33 ROCK HL RD STE #320, BALA CYNWYD, PA 19004-2056
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2020
$1,600,000
Terravet Gainesville LLC
Town Pa
Grant Deed
$90,000,000 · Keybank USA
Aug 25, 2016
—
Town & Cntry Veterinarians Pa
—
Deed
related
$1,000,000 · Suntrust Bk
Jul 23, 2008
—
Town Pa
—
Trustees Deed
related
—
Jan 5, 2006
$225,000
Town Pa
Goodkind,martin E
Warranty Deed
$230,000 · Merchants & Southern Bank
Dec 31, 2004
$100,000
Martin E Goodkind
Howard,charlotte L
Warranty Deed
—
—
—
Town & Cntry Veterinarians Pa
—
Loan Modification
related
$1,000,000 · Suntrust Bk
—
—
Town Pa
—
Deed Of Trust
related
$1,000,000 · Suntrust 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.
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