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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
3950 24th Ave Gainesville, FL 32607-4467
Entity Owned
4-yr Hold
Property ID
US18-6952653
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2020
Construction
WOOD
Total area
75,784 SF
Lot
8.1 ac (352,836 SF)
Zoning code
U9
APN
06726-000-000
UPID
US18-6952653
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
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
Centennial Town Center LLC · 4 yrs held
Centennial Town Center LLC
since 2021
Last sale
$51.8M
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
$957,217
Tax year 2023
Assessed value
$41,899,500
Assessed 2023
Previous assessed
$45,033,900
-7.0% YoY
Effective rate
2.28%
On assessed value
Assessed land
$8,083,932
Assessed improvement
$33,815,568
Land market value
$8,083,932
Improvement market value
$33,815,568
Total market value
$41,899,500
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
2020
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
4
Units
1624
Total area
75,784 SF
Lot
8.1 ac (352,836 SF)
Zoning code
U9
APN
06726-000-000
UPID
US18-6952653
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
2020
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
7
Units
1624
Lot
8.1 ac
Current owner
From public records · entity-resolved
Centennial Town Center LLC
Entity
Mailing address
6191 N STATE HWY 161ST STE #100, IRVING, TX 75038-2290
Ownership since
2021
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
Oct 27, 2021
—
Centennial Town Center LLC
Integra Twenty Four Development INC
Special Warranty Deed
—
Oct 27, 2021
$51,750,000
Centennial Town Center LLC
Integra Twenty Four LLC
Special Warranty Deed
$38,585,000 · Berkeley Point Capital LLC
Mar 18, 2019
$1,750,000
Integra Twenty Four LLC
Sw 24th Partners LLC
Trustees Deed
$31,646,700 · Walker & Dunlop
Apr 30, 2014
$850,000
Sw 24th Partners LLC
Crm Florida Properties LLC
Grant Deed
—
Oct 12, 2012
$1,110,957
Crm Florida Properties LLC
Apartments Of Brighton Park LLP
Warranty Deed
—
Mar 21, 2007
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
$1,082,250 · Suntrust Bank NA
Apr 15, 2004
$352,500
At Kensington North Apartments
Banks,lakay
Grant Deed
$800,000 · C W & Lakay Banks
Apr 15, 2004
$647,500
At Kensington North Apartments
Banks,lakay
Grant Deed
—
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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