Laboratory Flex
For Sale
Contact for pricing
13201 Rachael Blvd, Alachua, FL 32615
The building combines laboratory and flexible commercial space under ILW zoning.
Property Size85,688 SF
Price / SF$88.11
Days on Market219
Property Features for 13201 Rachael Blvd
General Information
Standard status
Active
Size
85,688 SF
Property subtype
Industrial
Zoning
ILW
Occupancy
99%
Investment Type
Stabilized
Net Operating Income
$679,884
Additional Details
Cap Rate
9%
Highway Access
Yes
Building Details
Stories
1
Listing Agency:
JLL - Orlando, Florida
Listed By:
Nathan Eissler · License #FL 3235100
(407) 440-6658
Source:
Crexi
Added: Mar 12
Changed: Oct 14
Last Checked: Oct 16 at 7:47AM
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 JLL - Orlando, Florida
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Investment Insights
Based on property information with market context.
This 85,688-square-foot flex space property combines laboratory and flexible commercial functions within one commercial building. The layout is described as versatile, and the property is positioned for industrial and life-science-oriented occupancy. ILW zoning is in place for the asset.
Located at 13201 Rachael Boulevard in Alachua, Florida, the property is near I-75, Progress Park, and research facilities within the Progress District. The offering includes an established tenant base and is identified with a 9% CAP. Its classification as flex space places the building within the broader industrial property sector while retaining laboratory functionality.
Located at 13201 Rachael Boulevard in Alachua, Florida, the property is near I-75, Progress Park, and research facilities within the Progress District. The offering includes an established tenant base and is identified with a 9% CAP. Its classification as flex space places the building within the broader industrial property sector while retaining laboratory functionality.
Key Highlights
- 85,688‑square‑foot laboratory and flex building
- ILW zoning
- 9% CAP offering
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$581,222
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,624,440
$11.6M
Cap Rate 7%
$8,303,171
$8.3M
Cap Rate 9%
$6,458,022
$6.5M
Market Conditions
NOI Build-Up for 85,688 SF
Gross rent
$874.0K $10.20/SF
− Vacancy
−$43.7K −$0.51/SF
EGI
$830.3K $9.69/SF
− OpEx
−$249.1K −$2.91/SF
NOI
$581.2K $6.78/SF
Area
Alachua County, FL
Vacancy
5.00%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,624,440
Cap Rate 7%
$8,303,171
Cap Rate 9%
$6,458,022
Alternative Uses
Best Use
Flex RnD
$11.48M
$10.05M – $13.40M
NOI $803,711 @ 7.0% cap · market cap 10.65%
Second Best
Industrial
$8.30M
$7.27M – $9.69M
NOI $581,222 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$21.60M
$18.90M – $25.20M
NOI $1,512,153 @ 7.0% cap · market cap 20.03%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
382
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - The building combines laboratory and flexible commercial space under ILW zoning.
Where is this flex space located?
The property is located at 13201 Rachael Blvd Alachua, FL.
What is the asking price?
The asking price for this property is $7,550,000.
What are key features of this property?
This property features: 85,688‑square‑foot laboratory and flex building; ILW zoning; 9% CAP offering
