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Property profile & analytics
FOR LEASE
Office buildings
7600 NW 5Th Pl Gainesville, FL 32607
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2198734
For Lease
1 / 56
$14 SF/Yr
7600 NW 5Th Pl, Gainesville, FL 32607
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,775 SF
Lot
3.02 ac (131,551 SF)
Zoning code
BH
APN
06656-002-008
UPID
US18-2198734
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.33M
CAP Approach
CAP
$5.89M
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$4.88M
Owner & transaction history
7600 Hillside Park LLC · 1 yrs held
7600 Hillside Park LLC
since 2025
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
BH · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$4,140,000
ML approach
$4,325,000
CAP Approach
CAP Return
Estimation
6%
$6,380,000
6.5%
$5,890,000
7%
$5,470,000
Blend value · Realmo final
$4.88M
Range $4.39M – $5.36M · ±10% · vs last sale $5.00M (Dec 21 2024)
Last sale anchor
$5.00M
Dec 21 2024
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
$169 / 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
$92,070
Tax year 2023
Assessed value
$4,344,300
Assessed 2023
Previous assessed
$4,344,300
+0.0% YoY
Effective rate
2.12%
On assessed value
Assessed land
$466,256
Assessed improvement
$3,878,044
Land market value
$466,256
Improvement market value
$3,878,044
Total market value
$4,344,300
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
For Lease
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
100
Total area
28,775 SF
Lot
3.02 ac (131,551 SF)
Zoning code
BH
APN
06656-002-008
UPID
US18-2198734
Jurisdiction
ALACHUA
Zoning & alternative use
BH · Gainesville, FL
Zoning BH · permitted uses
BH · 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.
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Lot
3.02 ac
Current owner
From public records · entity-resolved
7600 Hillside Park LLC
Entity
Mailing address
3433 E GULF TO LK HWY, INVERNESS, FL 34453-3210
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$5,000,000
7600 Hillside Park LLC
Kevina Apartments LLC
Warranty Deed
$5,000,000 · Saint Simons Bank & Trust Branch
Jan 6, 2022
$5,100,000
Kevina Apartments LLC
Scheduling LLC
Warranty Deed
$2,500,000 · Pathway Bank
Jun 3, 2014
$2,200,000
Innovative Scheduling LLC
Hillside Office Partners LLC
Warranty Deed
$1,650,000 · Suntrust Bank
May 30, 2013
$653,603
Hillside Office Park Ptrs LLC
Peoples First Cmnty Bk
Grant Deed
—
Feb 15, 2005
$325,000
13/13 Capital LLC
Alachua Investment Trust
Grant Deed
—
Feb 15, 2005
—
Alachua Investment Trust
Duss,john D
Affidavit Of Death
related
—
—
—
13/13 Capital LLC
—
Deed Of Trust
related
$3,500,000 · Peoples First Community Bank
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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