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Property profile & analytics
OFF-MARKET
Estimated value
$2,075,000
High-rise multifamily apartments
1505 Ft Clarke Blvd Gainesville, FL 32606-7182
Entity Owned
9-yr Hold
Free & Clear
Property ID
US18-5139768
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1999
Construction
WOOD
Total area
18,138 SF
Lot
47.62 ac (2,074,327 SF)
Zoning code
R-2
APN
06315-001-000
UPID
US18-5139768
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
-
Pure Wave Exterior Cleaning LLC General Contractor
-
Legacy At Fort Clarke Apartment Building
-
Building 18 Apartment Building
-
Building 05 Apartment Building
-
Building 07 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.46M
Comparable Approach
Comparable
$2.86M
Blend (final)
Blend
$2.08M
Owner & transaction history
West Shore Legacy LLC · 9 yrs held
West Shore Legacy LLC
since 2016
7 recorded transactions
Zoning & alternative use
R-2 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,665,000
6.5%
$2,460,000
7%
$2,285,000
Blend value · Realmo final
$2.08M
Range $1.87M – $2.28M · ±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
$114 / 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
$1,040,227
Tax year 2023
Assessed value
$56,740,200
Assessed 2023
Previous assessed
$68,070,300
-16.6% YoY
Effective rate
1.83%
On assessed value
Assessed land
$10,581,228
Assessed improvement
$46,158,972
Land market value
$10,581,228
Improvement market value
$46,158,972
Total market value
$56,740,200
Applied tax rate
400.0000
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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
18
Stories
3
Units
444
Rooms
24
Bathrooms
31
Total area
18,138 SF
Lot
47.62 ac (2,074,327 SF)
Zoning code
R-2
APN
06315-001-000
UPID
US18-5139768
Jurisdiction
ALACHUA
Zoning & alternative use
R-2 · Gainesville, FL
Zoning R-2 · permitted uses
R-2 · 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
1999
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
18
Units
444
Rooms
24
Bathrooms
31
Lot
47.62 ac
Current owner
From public records · entity-resolved
West Shore Legacy LLC
Entity
Free & Clear · 9 yrs held
Mailing address
1 INTERNATIONAL PL STE #3900, BOSTON, MA 02110-4203
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2018
—
West Shore Legacy LLC
—
Deed
related
$6,284,000 · Walker & Dunlop
Nov 1, 2016
$54,150,000
West Shore Legacy LLC
Fort Clarke Fl Partners LLC
Grant Deed
—
Nov 1, 2016
—
West Shore Legacy LLC
—
Deed
related
$42,350,000 · Walker & Dunlop
Aug 22, 2013
$43,400,000
Fort Clarke Fl Partners LLC
1505 Fort Clarke Boulevard Apartmen
Special Warranty Deed
$32,550,000 · Berkadia Commercial Mortgage LLC
Sep 24, 2004
$35,600,000
1505 Ft Clarke Boulevard Apart
Fort Clarke
Grant Deed
$23,860,299 · Federal Home Loan Mortgage Cor
—
—
Fort Clarke Fl Partners LLC
—
Loan Modification
related
$38,950,000 · Walker & Dunlop
—
—
West Shore Legacy LLC
—
Loan Modification
related
$42,350,000 · Walker & Dunlop
—
—
West Shore Legacy LLC
—
Deed Of Trust
related
$6,284,000 · Walker & Dunlop
—
—
1505 Ft Clarke Boulevard Apart
—
Deed Of Trust
related
$19,085 · M & T Realty Capital Corp
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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