Property profile

307 16th Ave Gainesville, FL 32601

OFF-MARKET
High-rise multifamily apartments
Property ID
US18-9117643
14,896 SF 6.08 ac lot Built 1969
Entity Owned 28-yr Hold
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1969
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 14,896 SF
Lot 6.08 ac (264,845 SF)
Zoning code U8
APN 15699-048-001
UPID US18-9117643

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Auto Parts Store

Location

307 16th Ave Gainesville, FL 32601-8561
Gainesville metro Census 808 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.02M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.62M

Owner & transaction history

since 1998
3 recorded transactions
1998
$3.6M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

U8 · Gainesville, FL
Zoning description

lan, 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 U5 Urban 5 U6 Urban 6 U7 Urban 7…

General category MIXED_USE

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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