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Property profile & analytics
OFF-MARKET
Estimated value
$1,800,000
High-rise multifamily apartments
2499 97th Dr Gainesville, FL 32606-0083
Entity Owned
9-yr Hold
Property ID
US18-5571040
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2019
Construction
WOOD
Total area
16,668 SF
Lot
13.66 ac (595,030 SF)
Zoning code
R-1A
APN
06234-000-000
UPID
US18-5571040
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.80M
Owner & transaction history
23 West Partners II LLC · 9 yrs held
23 West Partners II LLC
since 2017
6 recorded transactions
Zoning & alternative use
R-1A · 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,445,000
6.5%
$2,260,000
7%
$2,100,000
Blend value · Realmo final
$1.80M
Range $1.62M – $1.98M · ±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
$108 / 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
$593,058
Tax year 2023
Assessed value
$28,611,700
Assessed 2023
Previous assessed
$27,473,800
+4.1% YoY
Effective rate
2.07%
On assessed value
Assessed land
$1,070,156
Assessed improvement
$27,541,544
Land market value
$1,070,156
Improvement market value
$27,541,544
Total market value
$28,611,700
Applied tax rate
400.0000
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
1
Bathrooms
1
Total area
16,668 SF
Lot
13.66 ac (595,030 SF)
Zoning code
R-1A
APN
06234-000-000
UPID
US18-5571040
Jurisdiction
ALACHUA
Zoning & alternative use
R-1A · Gainesville, FL
Zoning R-1A · permitted uses
R-1A · 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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
15
Bathrooms
1
Lot
13.66 ac
Current owner
From public records · entity-resolved
23 West Partners II LLC
Entity
Mailing address
2579 SW 87TH DR, GAINESVILLE, FL 32608-9340
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2017
—
23 West Partners II LLC
23 West Partners LLC
Quit Claim Deed
—
Jul 27, 2016
—
23 West Partners LLC
—
Deed
related
$975,000 · Florida Cu
Sep 8, 2015
$1,704,600
23 West Partners LLC
Keen Brothers Ptshp
Warranty Deed
$975,000 · Florida Cu
Sep 24, 1997
$150,000
Steinberg,michael L & Mariam F
Keen Brothers Partnership
Trustees Deed
$1,385,000 · Southtrust Bank Florida NA
Sep 24, 1997
$672,300
Prestige Properties
Keen Brothers Partnership
Trustees Deed
—
—
—
23 West Partners LLC
—
Loan Modification
related
$975,000 · Florida Cu
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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