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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
High-rise multifamily apartments
3600 Windmeadows Blvd Gainesville, FL 32608-9481
Entity Owned
6-yr Hold
Absentee Owner
Property ID
US18-4744899
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,788 SF
Lot
6.36 ac (277,042 SF)
Zoning code
U9
APN
06811-000-000
UPID
US18-4744899
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
-
The Hammocks By Butler Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$785k
CAP Approach
CAP
$380k
Comparable Approach
Comparable
$630k
Blend (final)
Blend
$600k
Owner & transaction history
G4 Sundowne LLC · 6 yrs held
G4 Sundowne LLC
since 2020
5 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
Method
Estimation
Statistic approach
by Request
ML approach
$785,000
CAP Approach
CAP Return
Estimation
6%
$410,000
6.5%
$380,000
7%
$350,000
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$215 / 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
$174,268
Tax year 2023
Assessed value
$11,949,000
Assessed 2023
Previous assessed
$12,217,500
-2.2% YoY
Effective rate
1.46%
On assessed value
Assessed land
$6,790,214
Assessed improvement
$5,158,786
Land market value
$6,790,214
Improvement market value
$5,158,786
Total market value
$11,949,000
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
NONE
Buildings
14
Stories
1
Units
100
Rooms
1
Bathrooms
18
Total area
2,788 SF
Lot
6.36 ac (277,042 SF)
Zoning code
U9
APN
06811-000-000
UPID
US18-4744899
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
1977
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CONVECTION
Cooling
Yes
Stories
1
Buildings
14
Units
100
Rooms
1
Bathrooms
18
Lot
6.36 ac
Current owner
From public records · entity-resolved
G4 Sundowne LLC
Entity
Mailing address
300 AVE OF CHAMPIONS STE #140, PALM BEACH GARDENS, FL 33418-3615
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
—
G4sundowne LLC
—
Deed
related
—
Jan 23, 2020
$30,350,000
G4 Sundowne LLC
Sundowne Apartments LLC
Grant Deed
related
$22,790,000 · Lmrec IV Holdings I INC
Jul 14, 2005
—
Board Of County Commissioners
Sundowne Apartments Ltd
Warranty Deed
—
—
—
Sundowne Apartments Ltd
—
Deed Of Trust
related
$2,700,000 · Grandbridge Real Est Capital
—
—
Sundowne Apartments Ltd
—
Deed Of Trust
related
$8,000,000 · Everbank
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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