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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
205 16th Ave Gainesville, FL 32601-8621
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-9193883
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1972
Construction
WOOD
Total area
10,287 SF
Lot
18.75 ac (816,750 SF)
Zoning code
RMF7
APN
15701-055-000
UPID
US18-9193883
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
-
Green Pea Media Film Production Television Studio
-
Loop De Loop (Bike/Boat/Book/etc) Store
-
ATY Computers Computer & Electronic Repair
-
SJ Luxury Details Car Wash
-
Sweetwater on 16th Apartment Building Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Sweetwater 16 LP · 4 yrs held
Sweetwater 16 LP
since 2021
Last sale
$336,000
7 recorded transactions
Zoning & alternative use
RMF7 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$614,375
Tax year 2023
Assessed value
$26,165,000
Assessed 2023
Previous assessed
$29,300,800
-10.7% YoY
Effective rate
2.35%
On assessed value
Assessed land
$4,602,880
Assessed improvement
$21,562,120
Land market value
$4,602,880
Improvement market value
$21,562,120
Total market value
$26,165,000
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
1972
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
33
Stories
1
Units
100
Rooms
1
Bathrooms
67
Total area
10,287 SF
Lot
18.75 ac (816,750 SF)
Zoning code
RMF7
APN
15701-055-000
UPID
US18-9193883
Jurisdiction
ALACHUA
Zoning & alternative use
RMF7 · Gainesville, FL
Zoning RMF7 · permitted uses
RMF7 · 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
1972
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
33
Units
100
Rooms
1
Bathrooms
67
Lot
18.75 ac
Current owner
From public records · entity-resolved
Sweetwater 16 LP
Entity
Mailing address
13 1ST AVE, WATERBURY, CT 06710-2216
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
Aug 18, 2021
$336,000
Sweetwater 16 LP
Bw Aviara LLC
Special Warranty Deed
$28,500,000 · Arbor Realty SR INC
Aug 29, 2013
$5,300,000
Rjs Gainesville LLC
Cre 2011-2 Reo Fl-multifamily
Grant Deed
related
—
Jul 8, 2013
$5,300,000
Rjs Gainesville LLC
Cre 2011-2 Reo Fl-multifamily
Grant Deed
$7,500,000 · Key Bank & Trust
Apr 24, 2012
$831,900
Cre 2011-2 Reo-fl-multifamily
First Regl Bk
Grant Deed
—
Dec 31, 2008
—
In The Pines Florida LLC
—
Deed Of Trust
related
$14,500,000 · First Regional Bank
Oct 21, 2004
$11,300,000
Pines Florida LLC
Continental Pines Corp
Grant Deed
related
$28,800,000 · Rait Ptshp LP
—
—
In The Pines Florida LLC
—
Deed Of Trust
related
$14,500,000 · First Regional Bank
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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