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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Bars & Pubs
8 Main St Gainesville, FL 32601-6215
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US18-2677726
Property profile
Verified
Property type
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,325 SF
Lot
0.2 ac (8,712 SF)
Zoning code
DT
APN
14617-000-000
UPID
US18-2677726
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
-
Simons Bar & Pub
-
Destin, fl Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$520k
Owner & transaction history
Simon Semrani LLC · 12 yrs held
Simon Semrani LLC
since 2014
6 recorded transactions
Zoning & alternative use
DT · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$865,000
+64.4%
Medical building
$805,000
+52.9%
Neighborhood: shopping center
$580,000
+10.4%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NIGHTCLUB (COCKTAIL LOUNGE)
$525,000
Current use
OFFICE BUILDING
$865,000
Change: +64% · Conversion: Difficult
MEDICAL BUILDING
$805,000
Change: +53% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$580,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10%
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
$62 / 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
$20,005
Tax year 2023
Assessed value
$1,165,289
Assessed 2023
Previous assessed
$805,829
+44.6% YoY
Effective rate
1.72%
On assessed value
Assessed land
$871,200
Assessed improvement
$294,089
Land market value
$871,200
Improvement market value
$294,089
Total market value
$1,165,289
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
Bars & Pubs
Use group
NIGHTCLUB (COCKTAIL LOUNGE)
Status
Off-Market
Year built
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
100
Rooms
9
Bathrooms
6
Total area
8,325 SF
Lot
0.2 ac (8,712 SF)
Zoning code
DT
APN
14617-000-000
UPID
US18-2677726
Jurisdiction
ALACHUA
Zoning & alternative use
DT · Gainesville, FL
Zoning DT · permitted uses
DT · 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
NIGHTCLUB (COCKTAIL LOUNGE) Current
Est. value
$525,000
OFFICE BUILDING
Est. value
$865,000
MEDICAL BUILDING
Est. value
$805,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$580,000
NIGHTCLUB (COCKTAIL LOUNGE) Current
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1938
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
100
Rooms
9
Bathrooms
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Simon Semrani LLC
Entity
Mailing address
2109 NW 34TH ST, GAINESVILLE, FL 32605-3751
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2020
—
Simons
—
Deed
related
$82,000 · Roger H Race
May 9, 2019
—
Simonsclub LLC
—
Deed
related
$77,223 · Prime Ventures INC
Jul 3, 2014
$315,728
Simon Semrani LLC
Naji S Semrani
Warranty Deed
$315,728 · Capital City Bank
—
—
Simonsclub LLC
—
Deed Of Trust
related
$77,223 · Prime Ventures INC
—
—
Semrani,naji S
—
Deed Of Trust
related
$150,000 · Jeffrey Lyons
—
—
Simons
—
Deed Of Trust
related
$82,000 · Roger H Race
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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