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Property profile & analytics
OFF-MARKET
Estimated value
$5,285,000
High-rise multifamily apartments
2220 55th Blvd Gainesville, FL 32653-2175
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-3452414
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,290 SF
Lot
3.28 ac (142,877 SF)
Zoning code
RMF7
APN
07879-005-002
UPID
US18-3452414
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
-
Deerwood Apartments Apartment Building
-
Gainesville Mobile Notary Services 24/7 Corporate Office
-
The Gainesville City Guide Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.37M
Blend (final)
Blend
$5.29M
Owner & transaction history
2220 Nw 55 Blvd LLC · 2 yrs held
2220 Nw 55 Blvd LLC
since 2023
Last sale
$5.3M
2 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
$5,290,000
ML approach
$5,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,800,000
Current use
Blend value · Realmo final
$5.29M
Range $4.76M – $5.81M · ±10% · vs last sale $5.30M (Oct 31 2023)
Last sale anchor
$5.30M
Oct 31 2023
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
$1,232 / 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
$59,327
Tax year 2023
Assessed value
$2,770,400
Assessed 2023
Previous assessed
$2,902,400
-4.5% YoY
Effective rate
2.14%
On assessed value
Assessed land
$418,377
Assessed improvement
$2,352,023
Land market value
$418,377
Improvement market value
$2,352,023
Total market value
$2,770,400
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
3
Units
40
Rooms
4
Bathrooms
4
Total area
4,290 SF
Lot
3.28 ac (142,877 SF)
Zoning code
RMF7
APN
07879-005-002
UPID
US18-3452414
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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
7
Units
40
Rooms
4
Bathrooms
4
Lot
3.28 ac
Current owner
From public records · entity-resolved
2220 Nw 55 Blvd LLC
Entity
Mailing address
201 S BUMBY AVE, WINTER PARK, FL 32789
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$5,300,000
2220 Nw 55 Blvd LLC
Deerwood Gainesville Partners Ltd
Special Warranty Deed
$3,445,000 · Deerwood Gainesville Partners Ltd
—
—
Deerwood Gainesville Ptrs Ltd
—
Loan Modification
related
$993,671 · Centerline Mtg Cap
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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