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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
3527 20th Ave Gainesville, FL 32607-4504
Entity Owned
3-yr Hold
Free & Clear
Property ID
US19-0827472
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2002
Construction
WOOD
Total area
19,944 SF
Lot
25 ac (1,089,000 SF)
Zoning code
U9
APN
06703-000-000
UPID
US19-0827472
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
-
On20 Apartments Student Housing Center Apartment Building
-
BOBO TOY ZONE - BOBO TOY ZONE (Bike/Boat/Book/etc) Store
-
The Estates Apartment Building Student Housing Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
West 20 Owner LLC · 3 yrs held
West 20 Owner LLC
since 2023
Last sale
$54.4M
7 recorded transactions
Zoning & alternative use
U9 · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,191,508
Tax year 2023
Assessed value
$64,703,900
Assessed 2023
Previous assessed
$61,601,800
+5.0% YoY
Effective rate
1.84%
On assessed value
Assessed land
$15,695,201
Assessed improvement
$49,008,699
Land market value
$15,695,201
Improvement market value
$49,008,699
Total market value
$64,703,900
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
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
20
Stories
3
Units
1044
Rooms
24
Bathrooms
57
Total area
19,944 SF
Lot
25 ac (1,089,000 SF)
Zoning code
U9
APN
06703-000-000
UPID
US19-0827472
Jurisdiction
ALACHUA
Zoning & alternative use
U9 · Gainesville, FL
Zoning U9 · permitted uses
U9 · 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
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
20
Units
1044
Rooms
24
Bathrooms
57
Lot
25 ac
Current owner
From public records · entity-resolved
West 20 Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2 SCHOOL ST, RYE, NY 10580-2925
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2023
$54,437,100
West 20 Owner LLC
West 20 Apartments LLC
Special Warranty Deed
—
Feb 2, 2023
—
West 20 Owner LLC
West 20 Apartments LLC
Quit Claim Deed
related
—
Jan 14, 2019
—
West 20 Apartments LLC
—
Deed
related
$6,950,000 · M&t Realty Cap Corp
May 29, 2015
$48,500,000
West 20 Apartments LLC
Acc Op Village Of Gainesville L
Grant Deed
$39,024,900 · M&t Rlty Cap
Mar 31, 2005
$47,500,000
Acc Op Village Of Gainesville L
Fairfield Pinehurst Park Ltd
Grant Deed
$37,400,000 · Key Bank & Trust
Mar 2, 2001
—
Fairfield Pinehurst Park Ltd
—
Grant Deed
related
$26,048,773 · Bank Of America NA Ttee
—
—
West 20 Apartments LLC
—
Deed Of Trust
related
$6,950,000 · M&t Realty Cap Corp
—
—
Acc Op Village Of Gainesville L
—
Deed Of Trust
related
$1,400,000 · Key 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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