Property profile

306 16th St Gainesville, FL 32603

OFF-MARKET
High-rise multifamily apartments
Property ID
US18-4237424
3,536 SF 0.29 ac lot Built 1950
Individually Owned Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1950
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,536 SF
Lot 0.29 ac (12,632 SF)
Zoning code U5
APN 14958-000-000
UPID US18-4237424

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

306 16th St Gainesville, FL 32603-2602
Gainesville metro Census 1000 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

1 recorded transaction
1969
Price N/A

Zoning & alternative use

U5 · Gainesville, FL
Zoning description

to implement the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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