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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
High-rise multifamily apartments
7400 13th Rd Gainesville, FL 32607-3536
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-6766628
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
2022
Construction
WOOD
Total area
31,353 SF
Lot
21.24 ac (925,214 SF)
Zoning code
RMF7
APN
06675-001-000
UPID
US18-6766628
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
-
Residences at Markets West Apartment Building Apartment Complex
-
Novo Markets West Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.01M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$735k
Owner & transaction history
Hg Markets West LLC · 2 yrs held
Hg Markets West LLC
since 2023
Last sale
$645,000
7 recorded transactions
Zoning & alternative use
RMF7 · 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
$645,000
ML approach
$1,010,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$735k
Range $662k – $809k · ±10% · vs last sale $645k (Oct 31 2023)
Last sale anchor
$645k
Oct 31 2023
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
$23 / 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
$1,019,053
Tax year 2023
Assessed value
$44,266,700
Assessed 2023
Previous assessed
$4,460,400
+892.4% YoY
Effective rate
2.30%
On assessed value
Assessed land
$12,902,224
Assessed improvement
$31,364,476
Land market value
$12,902,224
Improvement market value
$31,364,476
Total market value
$44,266,700
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
2022
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
10
Stories
1
Units
10
Total area
31,353 SF
Lot
21.24 ac (925,214 SF)
Zoning code
RMF7
APN
06675-001-000
UPID
US18-6766628
Jurisdiction
ALACHUA
Zoning & alternative use
RMF7 · Gainesville, FL
Zoning RMF7 · permitted uses
RMF7 · 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
2022
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
10
Units
10
Lot
21.24 ac
Current owner
From public records · entity-resolved
Hg Markets West LLC
Entity
Mailing address
99 CONIFER HL DR STE 200B, DANVERS, MA 01923-1194
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
$645,000
Hg Markets West LLC
Novo Markets West Owner LLC
Special Warranty Deed
$41,473,000 · Northmarq Capital LLC
Feb 11, 2021
$5,250,000
Novo Markets West Owner LLC
Tanglewood Properties Of Gainesvill
Special Warranty Deed
—
Oct 11, 2019
$100
Gainesville Regional Utilities
Tanglewood Prop Of Gainesville Ll
Quit Claim Deed
related
—
Apr 22, 2019
$2,159,683
Castlegate Assocs III-gainesvi
Dg Tower Road Invs Grp Lllp
Grant Deed
—
Mar 12, 2019
—
Tower Road Invs Grp Lllp
—
Loan Modification
related
$5,600,000 · Centerstate Bk NA
Jan 11, 2019
$100
Tower Road Invs Grp LLP
Tanglewood Prop Of Gainesville
Grant Deed
related
—
Jan 18, 2018
$114,750
Tower Road Investment Group Lllp
Tongelewood Properties Of Gainevill
Warranty Deed
—
Nov 16, 2016
$1,948,100
Weseman Dev LLC
Henderson,james D II
Grant Deed
—
Nov 16, 2016
$509,300
Tanglewood Properties Of Gainesvill
James D Henderson
Special Warranty Deed
—
Sep 4, 2013
$135,700
Alachua County Florida
Henderson Land Trust
Warranty Deed
—
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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