Technical
Financial
Distress signals
Property profile

503 21st Ln Gainesville, FL 32609

OFF-MARKET
High-rise multifamily apartments
Property ID
US18-3690253
1,002 SF 6.96 ac lot Built 1964
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type High-rise multifamily apartments
Use group HIGH-RISE APARTMENTS
Year built 1964
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,002 SF
Lot 6.96 ac (303,178 SF)
Zoning code RMF8
APN 09276-000-000
UPID US18-3690253

Cap rate & NOI

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

Location

503 21st Ln Gainesville, FL 32609-8530
Gainesville metro Census 301 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$695k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$580k

Owner & transaction history

since 2020
3 recorded transactions
2022
Price N/A
2020
$30.4M
1969
Price N/A

Zoning & alternative use

RMF8 · Gainesville, FL
Zoning description

30-4.17. - Dimensional standards. The following tables contain the dimensional standards for the various uses allowed in each district: Table V-5: Residential Districts Dimensional Standards. SF RC MH RMF-5 RMF-6 RMF-7 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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