Building Details

Building Size 17,672 SF

Year Built 1978

Listed By: Alexis Jones Show Phone

Source: Curriproperties

Added: Jul 10 Changed: Oct 5 Last Checked: Oct 5 at 3:30PM

Report an Issue

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 Alexis Jones

Investment Insights

Based on property information with market context.

This grocery and convenience store property includes the building and land on a cleared 2.88-acre site. The improvements contain 17,672 square feet and were built in 1978, providing an established retail setting for continued grocery operations. Vinyl interior finishes and a parking lot are also identified.

Located at 12859 SW State Road 45 in Archer, Florida, the property fronts a state road and serves a community-oriented retail use. Commercial zoning supports the existing grocery format, while the combination of land, building, and on-site parking creates a consolidated operating property.

Key Highlights

• 17,672‑square‑foot grocery and convenience store property
• Building and land included on a cleared 2.88‑acre site
• Commercial zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$210,421

Cap Rate

8.42%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,208,420 $4.2M

Cap Rate 7%

$3,006,014 $3.0M

Cap Rate 9%

$2,338,011 $2.3M

Market Conditions

NOI Build-Up for 17,672 SF

Gross rent

$296.9K $16.80/SF

− Vacancy

−$16.3K −$0.92/SF

EGI

$280.6K $15.88/SF

− OpEx

−$70.1K −$3.97/SF

NOI

$210.4K $11.91/SF

Area

Alachua County, FL

Vacancy

5.50%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$4,208,420

Cap Rate 7%

$3,006,014

Cap Rate 9%

$2,338,011

Alternative Uses

Best Use

Specialty Retail

$3.01M

$2.63M – $3.51M (±1% cap)

NOI $210,421 @ 7.0% cap · market cap 8.42%

Second Best

Retail

$2.76M

$2.41M – $3.21M (±1% cap)

NOI $192,874 @ 7.0% cap · market cap 7.71%

Theoretical Best

Office A

$4.46M

$3.90M – $5.20M (±1% cap)

NOI $311,861 @ 7.0% cap · market cap 12.47%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Pet Store Pet Store & Service Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

20

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 32618, FL

7,183

Population

3,561

Households

2

Avg Household Size

44

Median Age

27%

College-Educated

92%

High-School Grad

92.0 sq mi

ZIP Area

78

Density / Sq Mi

$52,176

Median Household Income

$39,625

Median Earnings

$1,064

Median Rent

$195,000

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this grocery and convenience stores located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Established grocery property with commercial zoning, a parking lot, and state-road access.

Where is this grocery and convenience store located?

The property is located at 12859 Sw State Rd 45 Archer Archer, FL.

What is the asking price?

The asking price for this property is $2,500,000.

What are key features of this property?

This property features: 17,672‑square‑foot grocery and convenience store property; Building and land included on a cleared 2.88‑acre site; Commercial zoning