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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
High-rise multifamily apartments
6400 20th Ave Gainesville, FL 32607-3521
Individually Owned
7-yr Hold
Absentee Owner
Property ID
US18-0344380
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
4,368 SF
Lot
10.21 ac (444,748 SF)
Zoning code
R-2A
APN
06675-004-000
UPID
US18-0344380
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
-
Treebecka Park Apts Apartment Complex Bus Stop
-
Treebecka Park Tennis Court Sports Field & Court Sports School
-
Treebecka Park Apartments Apartment Complex
-
Depth Wish Freediving High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$915k
CAP Approach
CAP
$590k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$975k
Owner & transaction history
Ernest B Taylor · 7 yrs held
Ernest B Taylor
since 2018
6 recorded transactions
Zoning & alternative use
R-2A · 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
$915,000
CAP Approach
CAP Return
Estimation
6%
$640,000
6.5%
$590,000
7%
$550,000
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$223 / 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
$250,193
Tax year 2023
Assessed value
$12,000,000
Assessed 2023
Previous assessed
$11,689,500
+2.7% YoY
Effective rate
2.08%
On assessed value
Assessed land
$5,209,312
Assessed improvement
$6,790,688
Land market value
$5,209,312
Improvement market value
$6,790,688
Total market value
$12,000,000
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
25
Stories
2
Units
144
Rooms
6
Bathrooms
25
Total area
4,368 SF
Lot
10.21 ac (444,748 SF)
Zoning code
R-2A
APN
06675-004-000
UPID
US18-0344380
Jurisdiction
ALACHUA
Zoning & alternative use
R-2A · Gainesville, FL
Zoning R-2A · permitted uses
R-2A · 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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
25
Units
144
Rooms
6
Bathrooms
25
Lot
10.21 ac
Current owner
From public records · entity-resolved
Ernest B Taylor
Individual
Mailing address
15805 BISCAYNE BLVD STE #307, AVENTURA, FL 33160-5378
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2020
—
Treev-144 Units Gainesville In
—
Deed
related
$1,950,000 · Greystone Svcg
Nov 30, 2018
$110,000
Ernest B Taylor
Dagragnano,eric
Warranty Deed
$108,007 · American Nbrhd Mtg Accptnc
Aug 9, 2018
$11,000,000
Treev-144 Units Gainesville In
64/ Villas Lllp
Warranty Deed
—
May 15, 2008
—
64/20 Villas Lllp
—
Deed Of Trust
related
$8,000,000 · Mellon United National Bank
Jun 2, 2006
$7,257,200
64/20 Villas Lllp
Perry Family
Grant Deed
$8,000,000 · Mellon United National Bank
—
—
Treev-144 Units Gainesville In
—
Deed Of Trust
related
$1,950,000 · Greystone Svcg
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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