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Property profile & analytics
OFF-MARKET
Estimated value
$4,220,000
High-rise multifamily apartments
1515 10th St Gainesville, FL 32601-4073
Entity Owned
4-yr Hold
Property ID
US18-0605144
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
11,350 SF
Lot
3.3 ac (143,748 SF)
Zoning code
U3
APN
09640-001-000
UPID
US18-0605144
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
-
Arend Team Carpet & Flooring Store Hardware & Home Improvement
-
Residences at Oakview Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.85M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.22M
Owner & transaction history
Horizon Sunset Apartments LLC · 4 yrs held
Horizon Sunset Apartments LLC
since 2021
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
U3 · 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
$4,305,000
ML approach
$3,850,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.22M
Range $3.80M – $4.64M · ±10% · vs last sale $5.70M (Dec 22 2021)
Last sale anchor
$5.70M
Dec 22 2021
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
$372 / 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
$63,384
Tax year 2023
Assessed value
$3,108,000
Assessed 2023
Previous assessed
$2,224,900
+39.7% YoY
Effective rate
2.04%
On assessed value
Assessed land
$643,610
Assessed improvement
$2,464,390
Land market value
$643,610
Improvement market value
$2,464,390
Total market value
$3,108,000
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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
5
Stories
2
Units
40
Rooms
12
Bathrooms
4
Total area
11,350 SF
Lot
3.3 ac (143,748 SF)
Zoning code
U3
APN
09640-001-000
UPID
US18-0605144
Jurisdiction
ALACHUA
Zoning & alternative use
U3 · Gainesville, FL
Zoning U3 · permitted uses
U3 · 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
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
5
Units
40
Rooms
12
Bathrooms
4
Lot
3.3 ac
Current owner
From public records · entity-resolved
Horizon Sunset Apartments LLC
Entity
Mailing address
150 MT VERNON ST STE #500, BOSTON, MA 02125-3135
Ownership since
2021
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
Feb 14, 2023
—
Horizon Sunset Apartments LLC
—
Deed
related
$6,030,400 · Walker & Dunlop LLC
Dec 22, 2021
$5,700,000
Horizon Sunset Apartments LLC
Chpc Gainesville Horizon Sunset LLC
Special Warranty Deed
$24,983,613 · Eastern Bank
Mar 23, 2020
—
Chpc Gainesville Horizon Sunse
—
Deed
related
$2,000,000 · Housing Fin Agcy
Dec 3, 2018
—
Chpc Gainesville Horizon Sunse
—
Loan Modification
related
$2,000,000 · Housing Fin Agcy
Nov 3, 2003
$1,700,000
Chpc Gainesville Horizon Sunse
Community Housing Partners
Grant Deed
$2,000,000 · Housing Finance Corp Florida
Dec 29, 2000
$2,460,000
Vmh INC
Kirkpatrick,ellen W
Grant Deed
$695,000 · Wachovia Bank NA
—
—
Chpc Gainesville Horizon Sunse
—
Loan Modification
related
$2,000,000 · Housing Fin Agcy
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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