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Property profile & analytics
OFF-MARKET
Estimated value
$10,365,000
High-rise multifamily apartments
4121 15th St Gainesville, FL 32609-2042
Entity Owned
4-yr Hold
Free & Clear
Property ID
US18-3089093
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2000
Construction
WOOD
Total area
9,160 SF
Lot
10.13 ac (441,263 SF)
Zoning code
PD
APN
08160-002-001
UPID
US18-3089093
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
-
Lewis Place At Ironwood Low Income Housing Program Apartment Complex
-
Andrea Clayton Care Services Community Health Centre
-
Strategic Motion CaspioDeveloper.com (Bike/Boat/Book/etc) Store Corporate Office
-
Seiiona Peeples Business Theater & Performing Art Venue
-
First Choice Credit Management | Debt Consolidation Company, Debt Relief & Reduction Agency, Debt Settlement & Negotiation Services Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.96M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.73M
Blend (final)
Blend
$10.37M
Owner & transaction history
4121 Ne 15sth Street LLC · 4 yrs held
4121 Ne 15sth Street LLC
since 2021
Last sale
$12.8M
7 recorded transactions
Zoning & alternative use
PD · 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
$9,630,000
ML approach
$6,960,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,110,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$6,565,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$10.37M
Range $9.33M – $11.40M · ±10% · vs last sale $12.75M (Oct 1 2021)
Last sale anchor
$12.75M
Oct 1 2021
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
$1,132 / 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
$36,483
Tax year 2023
Assessed value
$7,991,100
Assessed 2023
Previous assessed
$9,982,000
-19.9% YoY
Effective rate
0.46%
On assessed value
Assessed land
$444,579
Assessed improvement
$7,546,521
Land market value
$444,579
Improvement market value
$7,546,521
Total market value
$7,991,100
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
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
9
Stories
2
Units
100
Rooms
8
Bathrooms
35
Total area
9,160 SF
Lot
10.13 ac (441,263 SF)
Zoning code
PD
APN
08160-002-001
UPID
US18-3089093
Jurisdiction
ALACHUA
Zoning & alternative use
PD · Gainesville, FL
Zoning PD · permitted uses
PD · 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.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS) Current
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
9
Units
100
Rooms
8
Bathrooms
35
Lot
10.13 ac
Current owner
From public records · entity-resolved
4121 Ne 15sth Street LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1 PARAGON DR STE #260, MONTVALE, NJ 07645-1744
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
Jul 28, 2023
—
4121 Ne 15th Street LLC
—
Deed
related
$11,610,000 · Berkadia Commercial Mortgage LLC
Oct 1, 2021
$12,750,000
4121 Ne 15sth Street LLC
Nonprofit Housing Preservation V Ll
Special Warranty Deed
—
Nov 15, 2016
—
Nonprofit Hsng Preservation V
—
Deed
related
$900,000 · Housing Fin Agcy
Jan 6, 1999
$448,000
Lewis Place Associates Ltd
Lewis Plaza INC
Grant Deed
related
$425,000 · Seller
Dec 31, 1998
$50,000
Lewis Plaza INC
Wallace,howard K & Anne M
Grant Deed
—
—
—
Lewis Place Associates Ltd
—
Deed Of Trust
related
$900,000 · Florida Housing Finance Agency
—
—
Nonprofit Hsng Preservation V
—
Loan Modification
related
$900,000 · Housing Fin Agcy
—
—
Nonprofit Hsng Preservation V
—
Deed Of Trust
related
$5,380,200 · Wells Fargo Bk
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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