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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
High-rise multifamily apartments
13810 State Rd 235 Alachua, FL 32615-6121
Individually Owned
8-yr Hold
Free & Clear
Property ID
US18-1984562
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2002
Construction
WOOD
Total area
5,304 SF
Lot
1.52 ac (66,211 SF)
Zoning code
RMF-15
APN
03126-001-000
UPID
US18-1984562
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$810k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$650k
Owner & transaction history
Gainesville Housing Devlopment And · 8 yrs held
Gainesville Housing Devlopment And
since 2017
4 recorded transactions
Zoning & alternative use
RMF-15 · Alachua, 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 Alachua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alachua 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%
$875,000
6.5%
$810,000
7%
$750,000
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$123 / 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
$2,432
Tax year 2023
Assessed value
$1,179,700
Assessed 2023
Previous assessed
$1,343,500
-12.2% YoY
Effective rate
0.21%
On assessed value
Assessed land
$41,763
Assessed improvement
$1,137,937
Land market value
$41,763
Improvement market value
$1,137,937
Total market value
$1,179,700
Applied tax rate
1,700.0000
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
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
4
Stories
2
Units
18
Rooms
4
Bathrooms
10
Total area
5,304 SF
Lot
1.52 ac (66,211 SF)
Zoning code
RMF-15
APN
03126-001-000
UPID
US18-1984562
Jurisdiction
ALACHUA
Zoning & alternative use
RMF-15 · Alachua, FL
Zoning RMF-15 · permitted uses
RMF-15 · Alachua, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alachua. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
4
Units
18
Rooms
4
Bathrooms
10
Lot
1.52 ac
Current owner
From public records · entity-resolved
Gainesville Housing Devlopment And
Individual
Free & Clear · 8 yrs held
Mailing address
1900 SE 4TH ST, GAINESVILLE, FL 32641-8791
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2017
$1,296,000
Gainesville Housing Devlopment And
Tash Holdings INC
Warranty Deed
—
Oct 12, 2001
$20,000
Tash Holdings INC
Stone,bud G & Becky T
Grant Deed
related
$589,000 · Southtrust Bank NA
Jun 2, 2000
$20,000
Bud G Stone
Kelley,gilder R & Edith L
Grant Deed
$17,000 · Seller
—
—
Tash Holdings INC
—
Deed Of Trust
related
$76,000 · Lafayette 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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