Technical
Financial
Distress signals
Property profile

1500 16th Ave Gainesville, FL 32605

OFF-MARKET
High-rise multifamily apartments
Property ID
US18-4087838
26,622 SF 3.58 ac lot Built 1970
Entity Owned Free & Clear
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1970
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 26,622 SF
Lot 3.58 ac (155,945 SF)
Zoning code RMF8
APN 09010-003-000
UPID US18-4087838

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
  • Apartment Complex

Location

1500 16th Ave Gainesville, FL 32605-4073
Gainesville metro Census 1100 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.61M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.41M

Owner & transaction history

Zoning & alternative use

RMF8 · Gainesville, FL
Zoning description

30-4.17. - Dimensional standards. The following tables contain the dimensional standards for the various uses allowed in each district: Table V-5: Residential Districts Dimensional Standards. SF RC MH RMF-5 RMF-6 RMF-7 R…

General category RESIDENTIAL

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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