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Property profile & analytics
OFF-MARKET
Estimated value
$1,010,000
High-rise multifamily apartments
2601 23rd Blvd Gainesville, FL 32605-5905
Trust Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-3198879
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1971
Construction
WOOD
Total area
8,244 SF
Lot
15 ac (653,400 SF)
Zoning code
RMF6
APN
09001-001-000
UPID
US18-3198879
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
-
Brookwood Terrace Apartments Apartment Building Apartment Complex
-
Open Sky Consulting Business Management Consultant
-
Bender 7 Auto detail Car Wash
-
Bender 7 Car detailing Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
$1.12M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.01M
Owner & transaction history
Lutin Trust · 12 yrs held
Lutin Trust
since 2014
2 recorded transactions
Zoning & alternative use
RMF6 · 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
$610,000
CAP Approach
CAP Return
Estimation
6%
$1,210,000
6.5%
$1,115,000
7%
$1,040,000
Blend value · Realmo final
$1.01M
Range $909k – $1.11M · ±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
$123 / 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
$241,233
Tax year 2023
Assessed value
$12,082,500
Assessed 2023
Previous assessed
$10,922,400
+10.6% YoY
Effective rate
2.00%
On assessed value
Assessed land
$3,163,851
Assessed improvement
$8,918,649
Land market value
$3,163,851
Improvement market value
$8,918,649
Total market value
$12,082,500
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
1971
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
20
Stories
3
Units
100
Rooms
1
Bathrooms
43
Total area
8,244 SF
Lot
15 ac (653,400 SF)
Zoning code
RMF6
APN
09001-001-000
UPID
US18-3198879
Jurisdiction
ALACHUA
Zoning & alternative use
RMF6 · Gainesville, FL
Zoning RMF6 · permitted uses
RMF6 · 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
1971
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
20
Units
100
Rooms
1
Bathrooms
43
Lot
15 ac
Current owner
From public records · entity-resolved
Lutin Trust
Trust
Free & Clear · 12 yrs held
Mailing address
11400 W OLYMPIC BLVD #490, LOS ANGELES, CA 90064-1550
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jan 29, 2014
—
Lutin Trust
Lutin Martin Trust
Quit Claim Deed
related
—
Feb 4, 2009
—
Martin Separate Prop Lutin
Lutin Martin & E 1 Trust
Quit Claim Deed
related
—
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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