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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
4000 37th Blvd Gainesville, FL 32608-7515
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US18-1819768
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1997
Construction
WOOD
Total area
31,788 SF
Lot
25.98 ac (1,131,689 SF)
Zoning code
RMF8
APN
07240-012-000
UPID
US18-1819768
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
-
Minority Manor Church Mosque
-
BLVD Gainesville Pool Swimming Pool Hardware & Home Improvement
-
The Fox Den Bakery Specialty Food Shop
-
BLVD Gainesville Basketball Court Sports Field & Court Construction Company
-
BLVD Gainesville Real Estate Agency
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
The Niche Student Housing LLC · 4 yrs held
The Niche Student Housing LLC
since 2022
Last sale
$40.5M
7 recorded transactions
Zoning & alternative use
RMF8 · 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
$841,309
Tax year 2023
Assessed value
$35,939,000
Assessed 2023
Previous assessed
$33,550,100
+7.1% YoY
Effective rate
2.34%
On assessed value
Assessed land
$7,671,434
Assessed improvement
$28,267,566
Land market value
$7,671,434
Improvement market value
$28,267,566
Total market value
$35,939,000
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
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
15
Stories
3
Units
100
Rooms
24
Bathrooms
67
Total area
31,788 SF
Lot
25.98 ac (1,131,689 SF)
Zoning code
RMF8
APN
07240-012-000
UPID
US18-1819768
Jurisdiction
ALACHUA
Zoning & alternative use
RMF8 · Gainesville, FL
Zoning RMF8 · permitted uses
RMF8 · 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
1997
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
15
Units
100
Rooms
24
Bathrooms
67
Lot
25.98 ac
Current owner
From public records · entity-resolved
The Niche Student Housing LLC
Entity
Mailing address
932 ASHLAND AVE, WILMETTE, IL 60091-1738
Ownership since
2022
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 22, 2022
$37,500,000
The Niche Student Housing LLC
Campus Club LLC
Special Warranty Deed
$29,400,000 · Wintrust Bank NA
Mar 8, 2017
$35,425,000
Campus Club LLC
Lsref3 Arizona Reo LLC
Trustees Deed
$36,750,000 · Rcc R/e
Oct 29, 2014
—
Lsref3 Arizona Reo LLC
—
Grant Deed
related
$59,500,000 · Goldman Sachs Bk USA
Sep 12, 2014
$24,000,100
Lsref3 Arizona Reo LLC
4000 Sw 37th Boulevard Holding
Grant Deed
—
Aug 27, 2012
$100
Us Bank NA Series 2007-c3
Sci Gateway Of Club Fund Coc
Trustees Deed
related
—
Sep 24, 2007
$3,393,300
Sci Gateway Of Club Fund 27 LLC
Sci Gateway At Club Fund LLC
Grant Deed
—
Aug 13, 2007
$29,796,500
Sci Gateway Of Club Fund 1 LLC
Sci Gateway At Club Fund LLC
Grant Deed
—
May 31, 2007
$31,090,900
Sci Gateway At Club Fund LLC
Towmed Housing LLC
Grant Deed
related
$20,475,000 · Wachovia 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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