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    908 69th Ter Gainesville, FL 32605-3106
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    Property profile & analytics

    908 69th Ter, Gainesville, FL 32605-3106

    View on Map
    • Hotels
    • 66,635 SF
    • 1.42 lot acres
    Off-Market
    Property ID
    US18-5967642
    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
    $875,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • La Quinta by Wyndham Gainesville / Hotel & Motel

    Property Details for 908 69th Ter

    Year built
    2019
    Lot size
    1.42 lot acres
    Zone code
    BH
    Property type
    Hotels
    Property subtype
    Motels
    APN
    06336-004-004
    APU
    6336004004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 27, 2017 — Quincy One LLC — Deed · related $9M · Citizens St Bk
    Dec 21, 2015 — Kyeong H Lee Shin,timothy & Hyang Quit Claim Deed · related —
    Dec 21, 2015 $965,000 Quincy One LLC Kyeong H Lee Warranty Deed $724k · Firstatlantic Bank
    Aug 10, 2015 — Kyeong H Lee Lee,jung H Quit Claim Deed · related —
    Aug 11, 2014 $100 Kyeong H Lee Sheriff Of Alachua County Trustees Deed · related —
    Apr 28, 2014 — Kyeong H Lee Lee,jung H Quit Claim Deed · related —
    Nov 19, 2001 $955,000 Timothy K Shin Ge Capital Franchise Finance Grant Deed $700k · Capital City Bank
    — — Timothy K Shin — Deed Of Trust · related $720k · Hyang S & Edward Y Kim
    — — Quincy One LLC — Deed Of Trust · related $9M · Citizens St Bk
    — — Timothy K Shin — Deed Of Trust · related $320k · Hyang S & Edward Y Kim
    — — Timothy K Shin — Deed Of Trust · related $70k · Byung T Han

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,190,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $558,000
      Market price range: $554k - $2.89M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,215,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.4171
    Latitude
    29.6611
    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
    $105,683
    $741,417
    $4,545,983
    $5,287,400
    -
    $741,417
    $4,545,983
    $5,287,400

    Comparable in this City

    • Value Estimation
      $950,000
      51,910 SF

      7451 Newberry Rd

      HOTEL/MOTEL
      7451 Newberry Rd, Gainesville, FL 32605-4322
      View Details
    • Value Estimation
      $765,000
      57,664 SF

      920 69th Ter

      MOTEL
      920 69th Ter, Gainesville, FL 32605-3106
      View Details
    • Value Estimation by Request
      10,700 SF

      7413 Newberry Rd

      MOTEL
      7413 Newberry Rd, Gainesville, FL 32605-4322
      View Details
    • Value Estimation by Request
      1,070 SF

      2221 55th Ter

      MOTEL
      2221 55th Ter, Gainesville, FL 32605-3352
      View Details
    • Value Estimation by Request
      1.09 Acres

      Gainesville, FL 32605

      VACANT COMMERCIAL LAND
      Gainesville, FL 32605
      View Details
    • Value Estimation by Request
      8,059 SF

      2101 39th Ave

      GYM, HEALTH SPA
      2101 39th Ave, Gainesville, FL 32605-2303
      View Details

    Similar Nearby for Sale

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      0.67 Acres

      Gainesville Buildable Land Opportunity

      Oversized lot in desirable Gainesville neighborhood, perfect for building.
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    • $670,000
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      Turnkey Medical Office For Sale

      Prime location medical office near HCA North Florida Regional Medical Center.
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    • $429,000

      Gainesville Office with Remodeled Interior

      One-story office suite in a multi-tenant building with ample parking.
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    • $165,000
      0.38 Acres

      Gainesville Creek Side Lot

      Rare 0.38 acre lot near UF campus.
      1710 NW 17Th Ln, Gainesville, FL 32605
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    • Contact for pricing
      1,671 SF

      Redecorated Office with Ample Parking

      Professional office space featuring five private offices and recent upgrades.
      1204 NW 69Th Ter, Gainesville, FL 32605
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr

      Gainesville Office Space For Lease

      Professional office space in the heart of Gainesville, move-in ready.
      2209 NW 40Th Ter, Gainesville, FL 32605
      View Details
    • $18 SF/Yr

      Move-in Ready Office Space

      Highly visible office space in a desirable commercial corridor.
      4961 Northwest 8Th Ave, Gainesville, FL 32605
      View Details
    • $12 SF/Yr
      7,250 SF

      Gainesville Freestanding Medical Office Space

      Well-designed medical office near HCA Healthcare, I-75, and Oaks Mall.
      1034 NW 57Th St, Gainesville, FL 32605
      View Details
    • $17 SF/Yr

      Professional Office Space Available

      2,250 SF office space in desirable Gainesville location.
      2246 NW 40Th Ter, Gainesville, FL 32605
      View Details
    • Contact for pricing

      Retail Space in Central Location

      Retail space available in a robust and affluent Gainesville location.
      4111-4121 NW 16Th Blvd, Gainesville, FL 32605
      View Details

    Property Visit Statistics

    • Visits by month
      6.4k
    • Visitors by month
      3.7k
    • Avg Time on site
      488 min
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    Gainesville, FL 32605-3106
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    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
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