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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
702 120th Ter Gainesville, FL 32607-0610
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-7079668
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2021
Construction
STEEL FRAME
Total area
190,251 SF
Lot
26.55 ac (1,156,518 SF)
Zoning code
R-1A
APN
04322-001-000
UPID
US18-7079668
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Aldi Florida LLC · 3 yrs held
Aldi Florida LLC
since 2023
Last sale
$75,000
7 recorded transactions
Zoning & alternative use
R-1A · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,124,364
Tax year 2023
Assessed value
$53,660,300
Assessed 2023
Previous assessed
$53,660,300
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$9,656,353
Assessed improvement
$44,003,947
Land market value
$9,656,353
Improvement market value
$44,003,947
Total market value
$53,660,300
Applied tax rate
500.0000
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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
3
Stories
1
Units
301
Rooms
1
Total area
190,251 SF
Lot
26.55 ac (1,156,518 SF)
Zoning code
R-1A
APN
04322-001-000
UPID
US18-7079668
Jurisdiction
ALACHUA
Zoning & alternative use
R-1A · Gainesville, FL
Zoning R-1A · permitted uses
R-1A · 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
2021
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
3
Units
301
Rooms
1
Lot
26.55 ac
Current owner
From public records · entity-resolved
Aldi Florida LLC
Entity
Mailing address
1276 50TH ST S STE #207, BROOKLYN, NY 11219-6666
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2023
$75,000
Aldi Florida LLC
Noble Partners LLC
Special Warranty Deed
—
Feb 21, 2022
$56,375,000
Noble Partners LLC
Newberry Park Properties LLC
Special Warranty Deed
$37,200,000 · Argentic Real Estate Investment LLC
Feb 21, 2022
—
Noble Partners LLC
Newberry Park Properties LLC
Quit Claim Deed
related
—
Oct 3, 2019
—
Newberry Park Properties LLC
—
Trustees Deed
related
$130,200 · Wells Fargo Bk
Jun 19, 2019
—
Parkwood Alachua Land Investments I
—
Deed
related
$6,000,000 · Capital City Bank
Aug 27, 2014
$550,000
Parkwood Alachua Land Invs INC
University Of Florida INC
Grant Deed
—
Jan 16, 2008
—
University Of Florida Foun INC
Hasan,sheikh M
Warranty Deed
—
Jul 16, 2007
—
Khalid H Sheikh
Hasan,sheikh M
Quit Claim Deed
related
—
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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