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 Market174
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
(407) 440-6658
Listed By:
Nathan Eissler · License #FL 3235100
Source:
Crexi
Added: Mar 12
Changed: Aug 30
Last Checked: Aug 30 at 11:15AM
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
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 = 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
$581,222
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
7.70%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial 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?
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
