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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Assisted living facilities
3250 41st Pl Gainesville, FL 32608-2621
Entity Owned
25-yr Hold
Free & Clear
Property ID
US18-0661743
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
43,505 SF
Lot
2.95 ac (128,502 SF)
Zoning code
RMF8
APN
07243-002-000
UPID
US18-0661743
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
-
Park Meadows Health & Rehabilitation Center Nursing Home
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.26M
Owner & transaction history
Greystone The Oaks Realty LLC · 25 yrs held
Greystone The Oaks Realty LLC
since 2000
6 recorded transactions
Zoning & alternative use
RMF8 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
30-4.17. - Dimensional standards. The following tables contain the dimensional standards for the various uses allowed in each district: Table V-5: Residential Districts Dimensional Standards. SF RC MH RMF-5 RMF-6 RMF-7 RMF-8 DENSITY/INTENSITY Residential density (units/acre) Min. None None None None 8 1 8 1 8 1 Max. by right (density bonuses above max. may b…
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
682.76 ac
Source
code of ordinances
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±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
$29 / 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
$67,715
Tax year 2023
Assessed value
$4,500,000
Assessed 2023
Previous assessed
$5,210,135
-13.6% YoY
Effective rate
1.50%
On assessed value
Assessed land
$851,999
Assessed improvement
$3,648,001
Land market value
$851,999
Improvement market value
$3,648,001
Total market value
$4,500,000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
80
Bathrooms
44
Total area
43,505 SF
Lot
2.95 ac (128,502 SF)
Zoning code
RMF8
APN
07243-002-000
UPID
US18-0661743
Jurisdiction
ALACHUA
Zoning & alternative use
RMF8 · Gainesville, FLZoning RMF8 · permitted uses
RMF8 · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
30-4.17. - Dimensional standards. The following tables contain the dimensional standards for the various uses allowed in each district: Table V-5: Residential Districts Dimensional Standards. SF RC MH RMF-5 RMF-6 RMF-7 RMF-8 DENSITY/INTENSITY Residential density (units/acre) Min. None None None None 8 1 8 1 8 1 Max. by right (density bonuses above max. may be available 9 ) 12 12 12 12 10 14 20 Nonresidential building coverage 50% 50% 50% 50
Zone name
Multifamily Residential
General category
RESIDENTIAL
Zone area
682.76 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
1968
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
80
Bathrooms
44
Lot
2.95 ac
Current owner
From public records · entity-resolved
Greystone The Oaks Realty LLC
Entity
Free & Clear · 25 yrs held
Mailing address
400 RELLA BLVD, MONTEBELLO, NY 10901-4241
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2000
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
Jan 6, 2021
—
3250 Sw 41st Pl LLC
—
Deed
related
$368,000,000 · Monticello Funding Bth 47 LLC
Mar 23, 2012
—
3250 Sw 41st Pl LLC
—
Deed Of Trust
related
$8,657,818 · Bank Of America
Aug 16, 2004
—
3250 Sw 41st Pl LLC
—
Deed Of Trust
related
$16,500,000 · Capitalsource Finance LLC
Sep 28, 2000
—
Greystone The Oaks Realty LLC
Oaks Residential & Rehabilitat
Quit Claim Deed
related
—
Sep 28, 2000
$3,048,500
Greystone The Oaks Realty LLC
Extendicare Health Facilities
Trustees Deed
$31,500,000 · Column Financial INC
—
—
3250 Sw 41st Pl LLC
—
Deed Of Trust
related
$58,927,190 · Bank Of America
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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