Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16211 88th Ter Alachua, FL 32615-5012

    • High-rise multifamily apartments
    • 1,650 SF
    • 6.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-5563619
    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.

    Current Use by Public Records

    • High-rise multifamily apartments

    Property Details for 16211 88th Ter

    Year built
    1982
    Lot size
    6.40 lot acres
    Property size
    1,650 SF
    Zone code
    A
    Property type
    High-rise multifamily apartments
    APN
    05748-014-000
    APU
    5748014000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.4406
    Latitude
    29.8046
    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
    $8,329
    $26,880
    $390,448
    $417,328
    -
    $26,880
    $390,448
    $417,328

    Comparable in this City

    • Value Estimation
      $2,835,000
      29,742 SF

      15100 150th Ct

      HIGH-RISE APARTMENTS • 29,742 SF
      15100 150th Ct, Alachua, FL 32615-5324
      View Details
    • Value Estimation
      $590,000
      2,912 SF

      14000 154th Ave

      HIGH-RISE APARTMENTS • 2,912 SF
      14000 154th Ave, Alachua, FL 32615-8265
      View Details
    • Value Estimation
      $2,530,000
      5,076 SF

      13400 140th St

      HIGH-RISE APARTMENTS • 5,076 SF
      13400 140th St, Alachua, FL 32615-6184
      View Details
    • Value Estimation
      $3,290,000
      4,602 SF

      13605 County Rd 235

      HIGH-RISE APARTMENTS • 4,602 SF
      13605 County Rd 235, Alachua, FL 32615-6125
      View Details
    • Value Estimation
      $650,000
      5,304 SF

      13810 State Rd 235

      HIGH-RISE APARTMENTS • 5,304 SF
      13810 State Rd 235, Alachua, FL 32615-6121
      View Details
    • Value Estimation by Request

      6513 109Th Pl

      Multifamily properties
      6513 109Th Pl, Alachua, FL 32615
      View Details

    Similar Nearby for Sale

    • $600,000

      Alachua Multifamily Land Opportunity

      Prime residential land near UF, Gainesville.
      6513 109Th Pl, Alachua, FL 32615
      View Details
    • $299,000

      Historic Alachua Office/Residential Opportunity

      Vintage 3BR/2BA home in Alachua Historic District with office/residential zoning.
      14819 Nw 140Th St, Alachua, FL 32615
      View Details
    • Contact for pricing
      95.00 Acres

      HighPoint Crossing: 95 Acres

      Prime Alachua County residential land, I-75 access.
      I-75 And Us-441, Alachua, FL 32615
      View Details
    • $1,325,000
      7,354 SF

      Alachua Office Building - Progress Park

      Prime Alachua Office Space, 7,354 sq ft
      13500 Progress Blvd, Alachua, FL 32615
      View Details
    • $792,248
      4.85 Acres

      Alachua Industrial Land - $792K

      4.85 Acres, Divisible Industrial Lot
      0 126Th Ter, Alachua, FL 32615
      View Details
    • Contact for pricing
      5.69 Acres

      Alachua Industrial Land - Lot 3

      5.69 Acres, Divisible Industrial Lot
      0 126Th Ter, Alachua, FL 32615
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      1,260 SF

      Alachua Retail Space - Hwy 441

      High-traffic retail space, excellent location.
      15634 Us Highway 441, Alachua, FL 32615
      View Details
    • $9 SF/Yr
      35,062 SF

      Industrial Space in Alachua Commerce

      16,000 SF industrial space available February 1.
      11600 NW 173Rd St, Alachua, FL 32615
      View Details
    • $22 SF/Yr
      7,761 SF

      Versatile Commercial Property For Lease

      Commercial property with office and lab space in Alachua, Florida.
      13680 NW 104Th Ter, Alachua, FL 32615
      View Details
    • $7,200 /Mo

      Alachua Cowork Units For Rent

      Cowork units available for rent in Alachua, Florida.
      13859 Cowork Units, Alachua, FL 32615
      View Details
    • Contact for pricing
      1,800 SF

      Alachua Drive-Thru Retail Opportunity

      High-traffic location, 1,800 sq ft building
      15210 Us Highway 441, Alachua, FL 32615
      View Details
    • $19 SF/Yr
      4,000 SF

      Alachua Office Space for Lease

      4,000 SF Executive Office Suite
      14520 Us Highway 441, Alachua, FL 32615
      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.
    16211 88th Ter
    Alachua, FL 32615-5012
    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

    Google sign-in failed. Please try again or use another login method.