Technical
Financial
Distress signals
Property profile

500 18th St Gainesville, FL 32641

OFF-MARKET
High-rise multifamily apartments
Property ID
US18-3267863
4,410 SF 5.32 ac lot Built 1975
Individually Owned 42-yr Hold Free & Clear
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1975
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,410 SF
Lot 5.32 ac (231,739 SF)
Zoning code U3
APN 11301-000-000
UPID US18-3267863

Cap rate & NOI

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

Location

500 18th St Gainesville, FL 32641-7435
Gainesville metro Census 700 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$480k

Owner & transaction history

since 1984
3 recorded transactions
2019
Price N/A
1984
Price N/A
1969
Price N/A

Zoning & alternative use

U3 · Gainesville, FL
Zoning description

tricts are established 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…

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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