Technical
Financial
Distress signals
Property profile

4203 2nd Way Gainesville, FL 32609

OFF-MARKET
High-rise multifamily apartments
Property ID
US18-5320271
5,104 SF 1.91 ac lot Built 1982
Entity Owned 4-yr Hold
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1982
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 5,104 SF
Lot 1.91 ac (83,200 SF)
Zoning code RMF6
APN 07965-001-002
UPID US18-5320271

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Apartment Complex

Location

4203 2nd Way Gainesville, FL 32609-4147
Gainesville metro Census 1902 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.27M
Blend (final) Blend
$1.59M

Owner & transaction history

since 2022
Last sale
$2.0M
1 recorded transaction
2022
$2.0M

Zoning & alternative use

RMF6 · Gainesville, FL
Zoning description

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 R…

General category RESIDENTIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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