Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1433 3rd Ave Gainesville, FL 32603-1986
    Property profile & analytics

    1433 3rd Ave Gainesville, FL 32603-1986

    View on Map
    • High-rise multifamily apartments
    • 3,760 SF
    • 0.18 lot acres
    Off-Market
    Property ID
    US18-4823101
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Centro Luxury Apartments / Apartment Building

    Property Details for 1433 3rd Ave

    Year built
    2015
    Construction
    WOOD
    Lot size
    0.18 lot acres
    Property size
    3,760 SF
    Zone code
    U5
    Property type
    High-rise multifamily apartments
    APN
    14924-001-000
    APU
    14924001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3416
    Latitude
    29.6537
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,161
    $1,198,656
    $2,014,544
    $3,213,200
    -
    $1,198,656
    $2,014,544
    $3,213,200

    Comparable in this City

    • Value Estimation
      $960,000
      12,768 SF

      1600 4th Ave

      HIGH-RISE APARTMENTS • 12,768 SF
      1600 4th Ave, Gainesville, FL 32603-1654
      View Details
    • Value Estimation
      $1,165,000
      17,864 SF

      111 15th Ter

      HIGH-RISE APARTMENTS • 17,864 SF
      111 15th Ter, Gainesville, FL 32603-2819
      View Details
    • Value Estimation
      $560,000
      7,616 SF

      303 17th St

      HIGH-RISE APARTMENTS • 7,616 SF
      303 17th St, Gainesville, FL 32603-1662
      View Details
    • Value Estimation
      $860,000
      14,619 SF

      207 17th St

      HIGH-RISE APARTMENTS • 14,619 SF
      207 17th St, Gainesville, FL 32603-1856
      View Details
    • Value Estimation by Request
      5,204 SF

      116 18th St

      HIGH-RISE APARTMENTS • 5,204 SF
      116 18th St, Gainesville, FL 32603-2843
      View Details
    • Value Estimation
      $875,000
      12,416 SF

      300 18th St

      HIGH-RISE APARTMENTS • 12,416 SF
      300 18th St, Gainesville, FL 32603-1656
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Multifamily Investment Near University of Florida

      Income-producing multifamily property near the University of Florida.
      1624 NW 2Nd Ave, Gainesville, FL 32603
      View Details
    • $2,800,000
      13,244 SF

      Gainesville Multifamily Investment Opportunity

      Income-producing multifamily property near the University of Florida.
      1615 NW 3Rd Ave, Gainesville, FL 32603
      View Details
    • $2,800,000

      Multifamily Investment Near University of Florida

      Income-producing multifamily property near the University of Florida.
      1615 NW 3Rd Ave, Gainesville, FL 32603
      View Details
    • $2,000,000

      Investment Opportunity Near UF

      8-unit portfolio near the University of Florida, fully leased.
      203 NW 15Th St, Gainesville, FL 32603
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,816 SF

      Retail Space Near University of Florida

      Retail space across from the University of Florida.
      1404-1542 W University Ave, Gainesville, FL 32603
      View Details
    • $18 SF/Yr
      3,245 SF

      Office Space Near University of Florida

      Office space available across from University of Florida's stadium.
      2020 W University Ave, Gainesville, FL 32603
      View Details
    • Contact for pricing
      3,245 SF

      University Avenue Flexible Space

      Space available across from University of Florida athletic facilities.
      2020 W University Ave, Gainesville, FL 32603
      View Details
    • Contact for pricing

      Midtown Apartments Retail Space Available

      Configurable retail space near University of Florida campus.
      104-110 NW 17Th St, Gainesville, FL 32603
      View Details
    • Contact for pricing

      Medical Office Space Sublease

      Sublease opportunity near UF Health Shands and VA Hospital.
      250 Northwest 13Th St, Gainesville, FL 32603
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1433 3rd Ave
    Gainesville, FL 32603-1986
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1433 3rd Ave, Gainesville, FL, 32603
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!