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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Strip malls
8181 39th Ave, Gainesville, FL 32606-0060
Entity Owned
10-yr Hold
Free & Clear
Property ID
US18-6438808
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2017
Construction
STEEL FRAME
Total area
14,919 SF
Lot
1.53 ac (66,647 SF)
Zoning code
R-2
APN
06230-032-000
UPID
US18-6438808
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
-
Great Clips Hair Salon
-
Hurricane BTW Restaurant
-
101 Smoke Shop (Bike/Boat/Book/etc) Store
-
Subway Restaurant
-
Bangkok Square Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.01M
Blend (final)
Blend
$1.34M
Owner & transaction history
Park Avenue Shops LLC · 10 yrs held
Park Avenue Shops LLC
since 2015
7 recorded transactions
Zoning & alternative use
R-2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±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
$89 / 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
$47,463
Tax year 2023
Assessed value
$3,120,700
Assessed 2023
Previous assessed
$1,450,000
+115.2% YoY
Effective rate
1.52%
On assessed value
Assessed land
$194,416
Assessed improvement
$2,926,284
Land market value
$194,416
Improvement market value
$2,926,284
Total market value
$3,120,700
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
9
Total area
14,919 SF
Lot
1.53 ac (66,647 SF)
Zoning code
R-2
APN
06230-032-000
UPID
US18-6438808
Jurisdiction
ALACHUA
Zoning & alternative use
R-2 · Gainesville, FL
Zoning R-2 · permitted uses
R-2 · 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
2017
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
9
Lot
1.53 ac
Current owner
From public records · entity-resolved
Park Avenue Shops LLC
Entity
Free & Clear · 10 yrs held
Mailing address
8181 NW 39TH AVE STE #200, GAINESVILLE, FL 32606-0063
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 26, 2016
—
Park Avenue Shops LLC
—
Deed
related
$4,000,000 · Gateway Bk/ctrl Fl
Sep 1, 2015
$1,200,000
Park Avenue Shops LLC
Park Avenue At Santa Fe LLC
Grant Deed
—
Aug 18, 2015
$5,200,000
Park Avenue Apartments LLC
Park Avenue At Santa Fe LLC
Trustees Deed
$28,800,000 · Branch Bk&tr
Feb 8, 2006
$21,500,000
Pr Gainesville
Thirty-ninth Avenue
Warranty Deed
—
Nov 21, 1997
$75,700
Gateway To Gainesville Ltd
Haufler Trust
Grant Deed
—
Nov 21, 1997
$37,900
Haufler Trust Fba R Haufler
39th Ave INC
Grant Deed
—
Nov 21, 1997
$2,400
39th Ave INC
39th Ave INC
Grant Deed
related
—
Nov 21, 1997
$1,400
Gateway To Gainesville Ltd
First Church Of The Nazarene
Grant Deed
related
—
—
—
Park Avenue Shops LLC
—
Deed Of Trust
related
$4,000,000 · Gateway Bk/ctrl Fl
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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