Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7624 62nd Dr Gainesville, FL 32609-1419
    Property profile & analytics

    7624 62nd Dr, Gainesville, FL 32609-1419

    View on Map
    • Specialty properties
    • 3,264 SF
    • 6.42 lot acres
    Off-Market
    Last Sale Jun 15, 2022
    $116,218
    Property ID
    US18-1821689
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 7624 62nd Dr

    Year built
    1981
    Lot size
    6.42 lot acres
    Zone code
    A
    Property type
    Specialty properties
    APN
    17610-004-000
    APU
    17610004000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 15, 2022 — Madonna K Bynum Madonna K Bynum Intrafamily Transfer · related —
    Jul 21, 2020 — Madonna K Bynum Linda H Davis Warranty Deed · related —
    Aug 12, 2009 $116,218 Linda H Davis Jones,larry D & Elizabeth G Warranty Deed —
    Mar 25, 2002 $35,000 Kenny Conyers Jones,larry D & Elizabeth G Grant Deed $34k · Larry D & Elizabeth G Jones
    Mar 1, 2002 $35,000 Robert F Sheffield Jones,larry D & Elizabeth G Grant Deed —
    Feb 13, 2002 $15,750 Thomas E Norman Jones,larry D & Elizabeth G Grant Deed —
    Apr 15, 1999 $93,500 Larry D Jones Peppel,joyce A Grant Deed $13k · Seller

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.2531
    Latitude
    29.7237
    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
    $934
    $0.00
    $0.00
    $35,406
    -
    $14,400
    $64,386
    $78,786

    Comparable in this City

    • Value Estimation by Request
      10.06 Acres

      7927 County Rd 225

      FUNERAL HOME
      7927 County Rd 225, Gainesville, FL 32609-4323
      View Details
    • Value Estimation by Request

      108Th Ave

      Specialty properties
      0 108Th Ave, Gainesville, FL 32609
      View Details
    • Value Estimation by Request
      4,819 SF

      3315 Main Ter

      PROFESSIONAL CLUBS/ASSOCIATIONS
      3315 Main Ter, Gainesville, FL 32609-2301
      View Details
    • Value Estimation by Request
      1.17 Acres

      Gainesville, FL 32609

      CREMATORIUM, MORTUARY
      Gainesville, FL 32609
      View Details
    • Value Estimation by Request
      5.19 Acres

      2837 13th St

      CREMATORIUM, MORTUARY
      2837 13th St, Gainesville, FL 32609
      View Details
    • Value Estimation by Request
      8.29 Acres

      3521 159th Pl

      FUNERAL HOME
      3521 159th Pl, Gainesville, FL 32609
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,125 SF

      Income-Producing Multi-Tenant Flex Warehouse

      Fully leased flex warehouse with 15 units in Gainesville, FL.
      3033 NE 19Th Dr, Gainesville, FL 32609
      View Details
    • $145,000
      4.30 Acres

      Gainesville Land Ready to Build

      4.3 acres of build-ready land near Gainesville shopping.
      NW County Road 231, Gainesville, FL 32609
      View Details
    • $355,000

      Leased Mixed-Use Investment Opportunity

      Fully leased mixed-use property with redevelopment potential on NW 23rd.
      802A NW 23Rd Ave, Gainesville, FL 32609
      View Details
    • $2,939,000
      29,390 SF

      Gainesville Mini Storage on 3.55 Acres

      Mini storage units on 3.55 acres in Gainesville, Florida.
      2150/2160 NE 31St Ave, Gainesville, FL 32609
      View Details
    • Contact for pricing
      7,680 SF

      Gainesville Flex Space with Roll-Up Doors

      Flex space with high ceilings, roll-up doors, and office area.
      1995 NE 31St Ave, Gainesville, FL 32609
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      31,375 SF

      Gainesville Retail & Office Space

      Retail, office, and medical spaces available in Glenwood Plaza.
      125 NW 23Rd Ave, Gainesville, FL 32609
      View Details
    • $15 SF/Yr
      29,204 SF

      Gainesville Office Space For Lease

      Professional office space in a high-traffic, convenient Gainesville location.
      4424 NW 13Th St, Gainesville, FL 32609
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7624 62nd Dr
    Gainesville, FL 32609-1419
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    7624 62nd Dr, Gainesville, FL, 32609
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!