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Property profile & analytics
OFF-MARKET
Estimated value
$2,265,000
High-rise multifamily apartments
1105 Ft Clarke Blvd Gainesville, FL 32606-7140
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3147649
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1999
Construction
WOOD
Total area
20,320 SF
Lot
39.94 ac (1,739,786 SF)
Zoning code
R-2
APN
06329-001-000
UPID
US18-3147649
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
-
Gwen's Cleaning Queens (Bike/Boat/Book/etc) Store
-
Dr. Bob's Complete Computer Services, LLC Computer & Electronic Repair
-
The Paddock Club Pool Swimming Pool Hardware & Home Improvement
-
The Paddock Club Gainesville Real Estate Agency
-
Null Tech Solutions Computer & Electronic Repair
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.76M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.27M
Owner & transaction history
Mid-america Apartments LP · 12 yrs held
Mid-america Apartments LP
since 2013
1 recorded transaction
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%
$2,985,000
6.5%
$2,755,000
7%
$2,555,000
Blend value · Realmo final
$2.27M
Range $2.04M – $2.49M · ±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
$111 / 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
$573,829
Tax year 2023
Assessed value
$34,643,800
Assessed 2023
Previous assessed
$37,743,200
-8.2% YoY
Effective rate
1.66%
On assessed value
Assessed land
$6,342,323
Assessed improvement
$28,301,477
Land market value
$6,342,323
Improvement market value
$28,301,477
Total market value
$34,643,800
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
17
Stories
2
Units
264
Rooms
16
Bathrooms
61
Total area
20,320 SF
Lot
39.94 ac (1,739,786 SF)
Zoning code
R-2
APN
06329-001-000
UPID
US18-3147649
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
17
Units
264
Rooms
16
Bathrooms
61
Lot
39.94 ac
Current owner
From public records · entity-resolved
Mid-america Apartments LP
Entity
Free & Clear · 12 yrs held
Mailing address
6815 POPLAR AVE STE #500, GERMANTOWN, TN 38138-0612
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2013
—
Mid-america Apartments LP
Mid-america Apartment Cmntys I
Quit Claim Deed
—
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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