Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4000 51st St Gainesville, FL 32606-4333
    Property profile & analytics

    4000 51st St, Gainesville, FL 32606-4333

    View on Map
    • High-rise multifamily apartments
    • 21,560 SF
    • 20.13 lot acres
    Off-Market
    Last Sale Jan 12, 2026
    $37,500,000
    Property ID
    US18-4222580
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lake Crossing Apartments / Apartment Complex
    • Lake Crossing Basketball Court / Sports Field & Court / Construction Company
    • Lake Crossing Pool / Swimming Pool / Hardware & Home Improvement

    Property Details for 4000 51st St

    Year built
    1996
    Construction
    WOOD
    Lot size
    20.13 lot acres
    Zone code
    PD
    Property type
    High-rise multifamily apartments
    APN
    06059-001-004
    APU
    6059001004

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 12, 2026 — Gf Lake Crossing LLC The Sidney P Kriser Trust Quitclaim Deed · related —
    Jan 12, 2026 $37,500,000 Gf Lake Crossing LLC Industrial Plants Corporation Special Warranty Deed $36M · Ladder Capital Finance LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3983
    Latitude
    29.691
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $547,721
    $4,960,812
    $25,624,288
    $30,585,100
    -
    $4,960,812
    $25,624,288
    $30,585,100

    Comparable in this City

    • Value Estimation
      $1,070,000
      8,208 SF

      4229 43rd St

      HIGH-RISE APARTMENTS
      4229 43rd St, Gainesville, FL 32606-2510
      View Details
    • Value Estimation
      $785,000
      4,608 SF

      4100 28th Ln

      HIGH-RISE APARTMENTS
      4100 28th Ln, Gainesville, FL 32606-7466
      View Details
    • Value Estimation
      $1,170,000
      9,648 SF

      8008 31st Ave

      HIGH-RISE APARTMENTS
      8008 31st Ave, Gainesville, FL 32606-6291
      View Details
    • Value Estimation
      $1,445,000
      15,462 SF

      3205 83rd St

      HIGH-RISE APARTMENTS
      3205 83rd St, Gainesville, FL 32606-6229
      View Details
    • Value Estimation
      $1,800,000
      16,668 SF

      2499 97th Dr

      HIGH-RISE APARTMENTS
      2499 97th Dr, Gainesville, FL 32606-0083
      View Details
    • Value Estimation
      $545,000
      2,520 SF

      3310 91st St

      HIGH-RISE APARTMENTS
      3310 91st St, Gainesville, FL 32606-5069
      View Details

    Similar Nearby for Sale

    • $425,000

      Gainesville Infill Development Site

      Infill development site suitable for mixed-use office/residential development.
      3002 NW 43Rd St, Gainesville, FL 32606
      View Details
    • $1,000,000
      6.70 Acres

      Gainesville Commercial Land - 6.7 Acres

      Prime Gainesville development opportunity. 6.7 acres, excellent location.
      7715 Newberry Rd, Gainesville, FL 32606
      View Details
    • $4,830,000

      Class A Office Building

      Professionally designed office building in a prime, walkable location.
      2511 NW 41St St, Gainesville, FL 32606
      View Details
    • $2,530,000

      Gainesville Office Building For Sale

      10,498 SF office building in a prime Gainesville location.
      1701 NW 80Th Blvd, Gainesville, FL 32606
      View Details
    • Contact for pricing

      2.21 Acre Business Industrial Parcel

      2.21 acre Business Industrial zoned parcel in growing area.
      NW 22Nd St, Gainesville, FL 32606
      View Details
    • $397,500
      2,400 SF

      Gainesville Office/Warehouse Near I-75

      Office/warehouse located near I-75 and NW 39th Avenue.
      3708 NW 97Th Blvd, Gainesville, FL 32606
      View Details

    Similar Nearby for Lease

    • $21 SF/Yr
      6,640 SF

      Class A Office Suite

      Class A office suite with multiple private offices and workspaces.
      2850 NW 43Rd St, Gainesville, FL 32606
      View Details
    • $28 SF/Yr
      8,380 SF

      Retail Space in High-Traffic Area

      Retail space in a busy commercial corridor with flexible layout.
      4780 NW 39Th Ave, Gainesville, FL 32606
      View Details
    • $14 SF/Yr

      Prime Office Space Available

      Exceptional office space in a sought-after business district.
      2233 Northwest 41St St, Gainesville, FL 32606
      View Details
    • Contact for pricing

      Gainesville Office Space Near I-75

      3,426 SF office space with I-75 access in Gainesville.
      3715 NW 97Th Blvd, Gainesville, FL 32606
      View Details
    • Contact for pricing

      Gainesville Office Space For Rent

      Office property in NW Gainesville with shared amenities and parking.
      4400 NW 36Th Ave, Gainesville, FL 32606
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4000 51st St
    Gainesville, FL 32606-4333
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4000 51st St, Gainesville, FL, 32606
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!