Freestanding Multi-Tenant Retail
For Sale
$795,000
14435 NW US Highway 441, Alachua, FL 32615
Single-story retail building with multi-tenant setup, strong US Highway 441 visibility, and abundant on-site parking for shoppers.
Property Size4,644 SF
Price / SF$171.19
Days on Market81
Property Features for 14435 NW US Highway 441
General Information
Standard status
Active
Size
4,644 SF
Property subtype
Retail
Site & Location
Traffic Count
18,300 vehicles/day
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
4,644 SF
Year Built
1985
Stories
1
Tenancy
Multi
Listing Agency:
Colliers | Gainesville
(352) 316-2143
Listed By:
Jon Thomas
(352) 316-2143
Source:
Lee-associates
Added: Jun 11
Changed: Aug 8
Last Checked: Aug 29 at 7:23AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers | Gainesville
Investment Insights
Based on property information with market context.
This freestanding, single-story retail building offers a multi-tenant configuration designed for flexible occupancy. The property totals 4,644± SF and includes monument signage, supported by 137 linear feet of road frontage on US Highway 441 easement. With abundant on-site parking, the layout is oriented toward convenient customer access.
The building is located on a retail corridor in Alachua, Florida at 14435 NW US Highway 441. The location provides highway visibility and substantial roadway exposure, with an AADT of 18,300± vehicles as stated in the materials.
For investors and owner-operators, the multi-tenant structure can support a diversified retail tenant mix within one asset. Tenants benefit from direct visibility along the highway and parking that accommodates customer arrivals. Overall, it presents a straightforward retail acquisition profile combining frontage, signage, and parking in a single, single-story property.
The building is located on a retail corridor in Alachua, Florida at 14435 NW US Highway 441. The location provides highway visibility and substantial roadway exposure, with an AADT of 18,300± vehicles as stated in the materials.
For investors and owner-operators, the multi-tenant structure can support a diversified retail tenant mix within one asset. Tenants benefit from direct visibility along the highway and parking that accommodates customer arrivals. Overall, it presents a straightforward retail acquisition profile combining frontage, signage, and parking in a single, single-story property.
Key Highlights
- Freestanding single‑story multi‑tenant retail building built in 1985
- 4,644± SF building located at 14435 NW US Highway 441 in Alachua, FL
- 137 linear feet of road frontage on US Highway 441 easement
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,685
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,013,700
$1.0M
Cap Rate 7%
$724,071
$724.1K
Cap Rate 9%
$563,167
$563.2K
Market Conditions
NOI Build-Up for 4,644 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$79.1K $17.04/SF
− Vacancy
−$6.7K −$1.45/SF
EGI
$72.4K $15.59/SF
− OpEx
−$21.7K −$4.68/SF
NOI
$50.7K $10.91/SF
Area
Alachua County, FL
Vacancy
8.50%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,013,700
Cap Rate 7%
$724,071
Cap Rate 9%
$563,167
Alternative Uses
Best Use
Retail
$724.1K
$633.6K – $844.8K
NOI $50,685 @ 7.0% cap · market cap 6.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.37M
NOI $81,954 @ 7.0% cap · market cap 10.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18,300 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
145
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32615, FL
16,524
Population
6,908
Households
2.4
Avg Household Size
44
Median Age
40%
College-Educated
95%
High-School Grad
137.8 sq mi
ZIP Area
120
Density / Sq Mi
$79,983
Median Household Income
$49,772
Median Earnings
$1,131
Median Rent
$289,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Single-story retail building with multi-tenant setup, strong US Highway 441 visibility, and abundant on-site parking for shoppers.
Where is this storefront property located?
The property is located at 14435 NW US Highway 441 Alachua, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Freestanding single‑story multi‑tenant retail building built in 1985; 4,644± SF building located at 14435 NW US Highway 441 in Alachua, FL; 137 linear feet of road frontage on US Highway 441 easement
