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Property profile & analytics
OFF-MARKET
Estimated value
$1,205,000
High-rise multifamily apartments
1401 5th Ave Gainesville, FL 32603-1302
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US18-0602404
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,300 SF
Lot
0.27 ac (11,761 SF)
Zoning code
U5
APN
15197-000-000
UPID
US18-0602404
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
$1.03M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.21M
Owner & transaction history
Gnv 1401 Nw 5 Avenue LLC · 3 yrs held
Gnv 1401 Nw 5 Avenue LLC
since 2022
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
U5 · 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
$1,090,000
ML approach
$1,030,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.21M
Range $1.08M – $1.33M · ±10% · vs last sale $1.35M (Nov 4 2022)
Last sale anchor
$1.35M
Nov 4 2022
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
$365 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$46,347
Tax year 2022
Assessed value
$352,238
Assessed 2023
Previous assessed
$290,045
+21.4% YoY
Effective rate
13.16%
On assessed value
Assessed land
$164,657
Assessed improvement
$187,581
Land market value
$164,657
Improvement market value
$187,581
Total market value
$352,238
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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
1
Units
100
Rooms
6
Bathrooms
1
Total area
3,300 SF
Lot
0.27 ac (11,761 SF)
Zoning code
U5
APN
15197-000-000
UPID
US18-0602404
Jurisdiction
ALACHUA
Zoning & alternative use
U5 · Gainesville, FL
Zoning U5 · permitted uses
U5 · 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
1959
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
6
Bathrooms
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Gnv 1401 Nw 5 Avenue LLC
Entity
Mailing address
11575 NW 7TH AVE, MIAMI, FL 33168-2505
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2022
$1,345,500
Gnv 1401 Nw 5 Avenue LLC
Kevin Daly
Warranty Deed
—
Mar 20, 2020
—
Kevin M Daly
—
Deed
related
$2,600,000 · Campus USA Cu
Oct 1, 2002
$92,500
Kevin Daly
Scott,stephen J & Laurine P
Grant Deed
$30,000 · Stephen J & Laurine P Scott
Mar 26, 2001
$200,000
Stephen J Scott
Henry,nancy J
Grant Deed
$194,000 · Nancy J
—
—
Kevin M Daly
—
Deed Of Trust
related
$250,000 · Campus USA Cu
—
—
Kevin M Daly
—
Deed Of Trust
related
$2,600,000 · Campus USA Cu
—
—
Kevin M Daly
—
Deed Of Trust
related
$712,500 · Cnb National 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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