Property profile

1218 3rd Ave Gainesville, FL 32601

OFF-MARKET
High-rise multifamily apartments
Property ID
US18-5240762
48,790 SF 0.53 ac lot Built 2014
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 2014
Total area 48,790 SF
Lot 0.53 ac (23,087 SF)
Zoning code U9
APN 13073-000-000
UPID US18-5240762

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Property Management Company
  • Student Housing Center Apartment Complex

Location

1218 3rd Ave Gainesville, FL 32601-1322
Gainesville metro Census 201 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$11.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$11.50M

Owner & transaction history

since 2024
Last sale
$11.5M
6 recorded transactions
2024
$11.5M
2013
Price N/A
2013
$900,000
2008
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

U9 · Gainesville, FL
Zoning description

mote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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