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Property profile & analytics
OFF-MARKET
Estimated value
$2,300,000
High-rise multifamily apartments
4160 50th Dr Gainesville, FL 32606-4603
Entity Owned
15-yr Hold
Free & Clear
Property ID
US18-3083635
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2008
Construction
WOOD
Total area
22,632 SF
Lot
19.13 ac (833,303 SF)
Zoning code
MU1
APN
06061-003-003
UPID
US18-3083635
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
$3.07M
Comparable Approach
Comparable
$2.82M
Blend (final)
Blend
$2.30M
Owner & transaction history
Mid-america Apartments LP · 15 yrs held
Mid-america Apartments LP
since 2011
2 recorded transactions
Zoning & alternative use
MU1 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,325,000
6.5%
$3,065,000
7%
$2,850,000
Blend value · Realmo final
$2.30M
Range $2.07M – $2.53M · ±10%
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
$102 / 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
$542,634
Tax year 2023
Assessed value
$26,195,800
Assessed 2023
Previous assessed
$27,928,800
-6.2% YoY
Effective rate
2.07%
On assessed value
Assessed land
$4,184,688
Assessed improvement
$22,011,112
Land market value
$4,184,688
Improvement market value
$22,011,112
Total market value
$26,195,800
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
2008
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
3
Units
204
Rooms
24
Bathrooms
28
Total area
22,632 SF
Lot
19.13 ac (833,303 SF)
Zoning code
MU1
APN
06061-003-003
UPID
US18-3083635
Jurisdiction
ALACHUA
Zoning & alternative use
MU1 · Gainesville, FL
Zoning MU1 · permitted uses
MU1 · 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
2008
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
7
Units
204
Rooms
24
Bathrooms
28
Lot
19.13 ac
Current owner
From public records · entity-resolved
Mid-america Apartments LP
Entity
Free & Clear · 15 yrs held
Mailing address
6815 POPLAR AVE STE #500, GERMANTOWN, TN 38138-0612
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2011
$18,700,000
Mid-america Apartments LP
Marta At Magnolia Park LLC
Grant Deed
—
Oct 9, 2007
$2,500,000
Marta At Magnolia Park LLC
Denney Family
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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