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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
High-rise multifamily apartments
1324 16th Ave Gainesville, FL 32605-4064
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US18-0158311
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
21,004 SF
Lot
3.62 ac (157,687 SF)
Zoning code
RMF8
APN
09010-000-000
UPID
US18-0158311
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
-
Georgetown Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.43M
Owner & transaction history
Georgetown Dpm LLC · 10 yrs held
Georgetown Dpm LLC
since 2015
7 recorded transactions
Zoning & alternative use
RMF8 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$68 / 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
$122,966
Tax year 2023
Assessed value
$6,850,600
Assessed 2023
Previous assessed
$5,793,300
+18.3% YoY
Effective rate
1.79%
On assessed value
Assessed land
$850,622
Assessed improvement
$5,999,978
Land market value
$850,622
Improvement market value
$5,999,978
Total market value
$6,850,600
Applied tax rate
3,600.0000
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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
3
Units
71
Rooms
1
Bathrooms
10
Total area
21,004 SF
Lot
3.62 ac (157,687 SF)
Zoning code
RMF8
APN
09010-000-000
UPID
US18-0158311
Jurisdiction
ALACHUA
Zoning & alternative use
RMF8 · Gainesville, FL
Zoning RMF8 · permitted uses
RMF8 · 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
1966
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
7
Units
71
Rooms
1
Bathrooms
10
Lot
3.62 ac
Current owner
From public records · entity-resolved
Georgetown Dpm LLC
Entity
Mailing address
8230 LEESBURG PIKE STE #600, VIENNA, VA 22182-2641
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
—
Georgetown Dpm LLC
—
Deed
related
$316,000 · United States Small Business Admin
Dec 12, 2017
—
Georgetown Dpm LLC
—
Deed
related
$3,040,000 · Sabal Capital II LLC Sabal Capital II LLC
Dec 4, 2015
$3,250,000
Georgetown Dpm LLC
Westwind Dev 41 LLC
Grant Deed
$2,100,000 · Branch Bk&tr
Apr 10, 2007
$3,825,000
Westwind Dev 41 LLC
Georgetown Apartments Ltd
Grant Deed
—
Feb 12, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Nov 5, 1998
$1,072,600
Georgetown Apartments Ltd
Oneil,dennis R
Grant Deed
—
May 1, 1997
$2,000,000
Dennis R O'neil
Investors Syndicate IV Assoc
Grant Deed
—
—
—
Georgetown Dpm LLC
—
Deed Of Trust
related
$3,040,000 · Sabal Capital II LLC Sabal Capital II LLC
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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