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Property profile & analytics
OFF-MARKET
Estimated value
$1,260,000
High-rise multifamily apartments
2130 31st Ave Gainesville, FL 32605-2319
Entity Owned
13-yr Hold
Property ID
US18-0592066
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
10,788 SF
Lot
11.27 ac (490,921 SF)
Zoning code
RMF7
APN
08995-002-000
UPID
US18-0592066
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
-
Cypress Glen Apartments Apartment Complex
-
Volunteers of America Social Service Agency Charitable Organization
-
Empowering U Confidence Coaching Life Coach
-
Dr. Drain Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$985k
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.26M
Owner & transaction history
Cypress Glen Apartments LLC · 13 yrs held
Cypress Glen Apartments LLC
since 2012
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
Method
Estimation
Statistic approach
by Request
ML approach
$985,000
CAP Approach
CAP Return
Estimation
6%
$1,585,000
6.5%
$1,460,000
7%
$1,360,000
Blend value · Realmo final
$1.26M
Range $1.13M – $1.39M · ±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
$117 / 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
$164,076
Tax year 2023
Assessed value
$12,311,200
Assessed 2023
Previous assessed
$10,792,400
+14.1% YoY
Effective rate
1.33%
On assessed value
Assessed land
$2,337,149
Assessed improvement
$9,974,051
Land market value
$2,337,149
Improvement market value
$9,974,051
Total market value
$12,311,200
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
2
Units
135
Rooms
12
Bathrooms
26
Total area
10,788 SF
Lot
11.27 ac (490,921 SF)
Zoning code
RMF7
APN
08995-002-000
UPID
US18-0592066
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
1969
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
15
Units
135
Rooms
12
Bathrooms
26
Lot
11.27 ac
Current owner
From public records · entity-resolved
Cypress Glen Apartments LLC
Entity
Mailing address
100 STATE ST FL #11, BOSTON, MA 02109-2410
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 9, 2020
—
Cypress Glen Apartments LLC
—
Deed
related
$8,125,000 · Walker & Dunlop
Aug 31, 2012
$2,800,000
Cypress Glen Apartments LLC
Chemical Finl Cr INC
Grant Deed
—
Aug 13, 2012
—
Chemical Finl Cr INC
Haven Havana Heights L Coc
Trustees Deed
related
—
Jun 28, 2005
$6,170,000
Haven Glen Springs LLC
Js Bates Ents Ltd
Grant Deed
—
Jun 28, 2005
—
Haven Glen Springs LLC
Peacock,billy Y
Quit Claim Deed
related
$9,165,000 · Bank Of America
Jan 2, 2001
$53,000
Richard S Bates
Billy Vonpeacock Estate
Grant Deed
—
—
—
Glen Apartments Cypress
—
Loan Modification
related
$2,165,000 · Capital City Bank
—
—
Cypress Glen Apartments LLC
—
Loan Modification
related
$2,151,565 · Capital Cty Bk
—
—
Cypress Glen Apartments LLC
—
Deed Of Trust
related
$1,865,000 · Capital City Bank
—
—
Cypress Glen Apartments LLC
—
Loan Modification
related
$8,125,000 · Walker & Dunlop
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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