Standalone Office Building with Monument
For Sale
$299,000
14721 MAIN STREET, Alachua, FL 32615
Freestanding downtown office building with six individual rooms, reception area, and a conference room, plus monument signage.
Property Size1,472 SF
Price / SF$203.13
Days on Market68
Property Features for 14721 MAIN STREET
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Office
Additional Details
Office Units
6
Amenities
0.44 acres, Dimensions: 96 x 200
Shingle
Public Sewer
Additional parcels description:, Parcel Number: 03661000000, Public Survey Range: 18, Public Survey Section: 15, Annual Amount: $4,049, Tax Block: 3/6, Tax Book Number: C/79B, Legal Description: Lengthy in Listing Office, Lot: 6, Year: 2025, Zoning: CBD
Carpet, Laminate
Central Air
Listing ID: MFRGC541531, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-06-29, 39 days on market, Special Conditions: None
Common, Ground Level
Blinds, Double Pane Windows, Insulated Windows
Crawl Space
Built in 1950, Living area units: Square Feet, Building faces West, Levels: One, Construction Materials: Asbestos, Frame
MLS Area (Major): 32615 - Alachua, County/Parish: Alachua
Completed
BB/HS Internet Capable, Electricity Available, Natural Gas Available, Phone Available, Public, Water Connected, Water Source: Public, 200+ Amp Service, Service - 110 Volts
Pillar/Post/Pier
Close Of Escrow
Frontage Type: City Street, Road Surface: Asphalt
Fire Alarm, Security System, Security System Owned, Smoke Detector(s)
Accessible Approach with Ramp, Accessible Entrance
Building Details
Year Built
1950
Listing Agency:
ALACHUA REALTY, LLC
(386) 462-5805
Listed By:
David Jakupko · License #0620070
(352) 317-6850
Source:
Miharaandassociates
Added: Jun 29
Changed: Sep 3
Last Checked: Sep 4 at 4:44AM
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 ALACHUA REALTY, LLC
Investment Insights
Based on property information with market context.
This freestanding office building is laid out with six individual office rooms, a conference room, a computer/copier room, a reception/waiting area, and a microwave station. The building is described as being in great condition, with a new roof installed in April 2026.
Located on Main St in Downtown Alachua on an almost half-acre lot, the property includes a monument sign out front. The building can be used for office, retail, and other uses, and it has been operated historically as a doctor’s office, a business incubator office, and a real estate office before most recently serving as an attorney’s office.
If you’re evaluating a standalone building with multiple interior office spaces and established signage at the entrance, this configuration may fit a variety of professional uses based on the current room setup.
Located on Main St in Downtown Alachua on an almost half-acre lot, the property includes a monument sign out front. The building can be used for office, retail, and other uses, and it has been operated historically as a doctor’s office, a business incubator office, and a real estate office before most recently serving as an attorney’s office.
If you’re evaluating a standalone building with multiple interior office spaces and established signage at the entrance, this configuration may fit a variety of professional uses based on the current room setup.
Key Highlights
- Freestanding office building on nearly a half‑acre lot on Main St in Downtown Alachua
- 6 individual office rooms plus conference room, reception/waiting area, and computer/copier and microwave station areas
- Monument sign out front
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
$18,362
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
6.14%
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%
$367,240
$367.2K
Cap Rate 7%
$262,314
$262.3K
Cap Rate 9%
$204,022
$204.0K
Market Conditions
NOI Build-Up for 1,472 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
$29.1K $19.80/SF
− Vacancy
−$4.7K −$3.17/SF
EGI
$24.5K $16.63/SF
− OpEx
−$6.1K −$4.16/SF
NOI
$18.4K $12.47/SF
Area
Alachua County, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$367,240
Cap Rate 7%
$262,314
Cap Rate 9%
$204,022
Alternative Uses
Best Use
Office B
$262.3K
$229.5K – $306.0K
NOI $18,362 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$371.1K
$324.7K – $433.0K
NOI $25,977 @ 7.0% cap · market cap 8.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding downtown office building with six individual rooms, reception area, and a conference room, plus monument signage.
Where is this office building located?
The property is located at 14721 MAIN STREET Alachua, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Freestanding office building on nearly a half‑acre lot on Main St in Downtown Alachua; 6 individual office rooms plus conference room, reception/waiting area, and computer/copier and microwave station areas; Monument sign out front
