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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Grocery and convenience stores
9700 39th Ave Gainesville, FL 32606-7324
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US18-2630075
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,540 SF
Lot
0.92 ac (40,000 SF)
Zoning code
BH
APN
06038-006-000
UPID
US18-2630075
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
-
Dairy Queen Grill & Chill Restaurant Take-out & Catering
-
BP Gas Station
-
Shell Gas Station
-
ATM Atm
-
Dunkin' Donuts Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$740k
Comparable Approach
Comparable
$736k
Blend (final)
Blend
$710k
Owner & transaction history
39th At-75 Convenience Store · 23 yrs held
39th At-75 Convenience Store
since 2002
5 recorded transactions
Zoning & alternative use
BH · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$685,000
+0.3%
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%
$800,000
6.5%
$740,000
7%
$690,000
Alternative Use
Use
Estimation
RETAIL STORES
$685,000
Current use
OFFICE BUILDING
$685,000
Change: +0% · Conversion: Easy
MEDICAL BUILDING
$665,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$570,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$710k
Range $639k – $781k · ±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
$156 / 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
$13,470
Tax year 2023
Assessed value
$631,912
Assessed 2023
Previous assessed
$637,666
-0.9% YoY
Effective rate
2.13%
On assessed value
Assessed land
$200,000
Assessed improvement
$431,912
Land market value
$200,000
Improvement market value
$431,912
Total market value
$631,912
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
7
Bathrooms
23
Total area
4,540 SF
Lot
0.92 ac (40,000 SF)
Zoning code
BH
APN
06038-006-000
UPID
US18-2630075
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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$685,000
OFFICE BUILDING
Est. value
$685,000
MEDICAL BUILDING
Est. value
$665,000
WAREHOUSE, STORAGE
Est. value
$570,000
RETAIL STORES Current
OFFICE BUILDING
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
1994
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
7
Bathrooms
23
Lot
0.92 ac
Current owner
From public records · entity-resolved
39th At-75 Convenience Store
Individual
Mailing address
971 W DUVAL ST #182, LAKE CITY, FL 32055-3736
Ownership since
2002
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2019
—
39th I 75 Convenience Store INC
—
Deed
related
$460,000 · Drummond Community Bank
Sep 10, 2002
$1,600,000
39th At-75 Convenience Store
Southern Reload INC
Grant Deed
$1,280,000 · Compass Bank
Jul 25, 2001
$1,300,000
Southern Reload INC
Risser Petroleum INC
Grant Deed
$4,000,000 · Cnb National Bank
—
—
39th/i-75 Convenience Store In
—
Deed Of Trust
related
—
—
—
39th/i-75 Convenience Store In
—
Deed Of Trust
related
$700,000 · Peoples State 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.
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