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Property profile & analytics
OFF-MARKET
Estimated value
$1,080,000
High-rise multifamily apartments
2930 23rd Ter Gainesville, FL 32608-2956
Entity Owned
19-yr Hold
Absentee Owner
Property ID
US19-0387675
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1972
Construction
WOOD
Total area
6,480 SF
Lot
17.61 ac (767,092 SF)
Zoning code
RMF8
APN
07314-000-000
UPID
US19-0387675
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
-
Towne Parc Apartments Apartment Complex
-
Melody Piano Lessons Tutoring Service
-
Building 32 Apartment Building
-
Building 26 Apartment Building
-
Lifestyle Gaia Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$890k
CAP Approach
CAP
$880k
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.08M
Owner & transaction history
Grantwood LLC · 19 yrs held
Grantwood LLC
since 2007
7 recorded transactions
Zoning & alternative use
RMF8 · 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
$890,000
CAP Approach
CAP Return
Estimation
6%
$950,000
6.5%
$880,000
7%
$815,000
Blend value · Realmo final
$1.08M
Range $972k – $1.19M · ±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
$167 / 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
$413,019
Tax year 2023
Assessed value
$24,871,200
Assessed 2023
Previous assessed
$24,714,100
+0.6% YoY
Effective rate
1.66%
On assessed value
Assessed land
$5,926,788
Assessed improvement
$18,944,412
Land market value
$5,926,788
Improvement market value
$18,944,412
Total market value
$24,871,200
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
1972
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
32
Stories
2
Units
280
Rooms
8
Bathrooms
53
Total area
6,480 SF
Lot
17.61 ac (767,092 SF)
Zoning code
RMF8
APN
07314-000-000
UPID
US19-0387675
Jurisdiction
ALACHUA
Zoning & alternative use
RMF8 · Gainesville, FL
Zoning RMF8 · permitted uses
RMF8 · 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
2
Buildings
32
Units
280
Rooms
8
Bathrooms
53
Lot
17.61 ac
Current owner
From public records · entity-resolved
Grantwood LLC
Entity
Mailing address
7850 NW 146TH ST STE #400, MIAMI LAKES, FL 33016-1521
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 24, 2019
—
Gator Gainesville Partners LLC
—
Deed
related
$14,000,000 · Iberiabank
Jun 7, 2019
—
Gator Gainesville Partners LLC
—
Deed
related
$14,000,000 · Iberiabank
Jun 28, 2007
$179,900
Grantwood LLC
Alexandra Ventures INC
Warranty Deed
—
Jun 28, 2007
$188,900
Tae-goo Oh
Alexandra Ventures INC
Warranty Deed
—
May 1, 2003
$6,100,000
Gator Gainesville Partners LLC
Towne Parc Reo LP
Grant Deed
—
—
—
Gator Gainesville Partners LLC
—
Deed Of Trust
related
$14,000,000 · Iberiabank
—
—
Gator Gainesville Partners LLC
—
Loan Modification
related
$14,000,000 · Iberiabank
—
—
Gator Gainesville Partners LLC
—
Loan Modification
related
$12,000,000 · Us Bk
—
—
Gator Gainesville Partners LLC
—
Deed Of Trust
related
$2,675,000 · Us Bank NA
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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