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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
High-rise multifamily apartments
408 14th St Gainesville, FL 32603-1998
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US18-1822187
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2009
Construction
WOOD
Total area
23,284 SF
Lot
0.3 ac (13,068 SF)
Zoning code
U5
APN
15204-000-000
UPID
US18-1822187
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
-
Upper Westside Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
Upper Westside Lllp · 17 yrs held
Upper Westside Lllp
since 2008
6 recorded transactions
Zoning & alternative use
U5 · Gainesville, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
to implement the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RM…
Zone name
Urban 5
General category
RESIDENTIAL
Zone area
61.84 ac
Source
code of ordinances
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
$60 / 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
$54,676
Tax year 2023
Assessed value
$2,727,100
Assessed 2023
Previous assessed
$2,530,500
+7.8% YoY
Effective rate
2.00%
On assessed value
Assessed land
$948,897
Assessed improvement
$1,778,203
Land market value
$948,897
Improvement market value
$1,778,203
Total market value
$2,727,100
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
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
22
Rooms
6
Total area
23,284 SF
Lot
0.3 ac (13,068 SF)
Zoning code
U5
APN
15204-000-000
UPID
US18-1822187
Jurisdiction
ALACHUA
Zoning & alternative use
U5 · Gainesville, FLZoning U5 · permitted uses
U5 · Gainesville, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
to implement the Comprehensive Plan, to promote orderly urban growth, and to classify and regulate the use of land, water, buildings and structures within the city: Transects U1 Urban 1 U2 Urban 2 U3 Urban 3 U4 Urban 4 U5 Urban 5 U6 Urban 6 U7 Urban 7 U8 Urban 8 U9 Urban 9 DT Downtown Residential SF Single-Family RC Residential Conservation MH Mobile Home RMF-5 Single/Multi-Family RMF-6 to 8 Multi-Family Mixed-Use and Nonresidential MU-1
Zone name
Urban 5
General category
RESIDENTIAL
Zone area
61.84 ac
Source
code of ordinances
Building & site characteristics
From public records
Year built
2009
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
22
Rooms
6
Lot
0.3 ac
Current owner
From public records · entity-resolved
Upper Westside Lllp
Entity
Mailing address
13400 PROGRESS BLVD, ALACHUA, FL 32615-9444
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 7, 2009
—
Upper West Side Lllp
—
Deed Of Trust
related
$3,400,000 · Alarion Bank
Nov 7, 2008
—
Upper Westside Lllp
Nantucket Lllp
Grant Deed
$3,200,000 · Alarion Bank
Jun 4, 2008
$925,000
Nantucket Lllp
Georgetown Commons Of Gainesville
Warranty Deed
$925,000 · Alarion Bank
Oct 31, 2006
$700,000
Georgetown Commons Of Gainesville
Shewey,robert T & Kathryn S
Warranty Deed
$600,000 · Robert T & Kathryn Shewey
—
—
Upper Westside Lllp
—
Deed Of Trust
related
$2,816,298 · Alarion Bank
—
—
Upper Westside Lllp
—
Deed Of Trust
related
$2,500,000 · Northmarq Capital INC
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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