Downtown Retail Storefront with
For Sale
$369,900
14827 MAIN STREET, Alachua, FL 32615
Retail storefront with rear kitchen, full shower, covered patio, and rear parking access suited for storefront or live/work use.
Property Size1,936 SF
Price / SF$191.06
Days on Market81
Property Features for 14827 MAIN STREET
General Information
Standard status
Active
Size
1,936 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$2,537
Amenities
Central Air
3
City Road, Paved Road.
Building Details
Year Built
1900
Listing Agency:
COLDWELL BANKER M.M. PARRISH, REALTORS
(352) 335-4999
Listed By:
Shasta Schoellhorn · License #3484708
Source:
Xome
Added: Jun 3
Changed: Aug 17
Last Checked: Aug 22 at 3:52AM
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 COLDWELL BANKER M.M. PARRISH, REALTORS
Investment Insights
Based on property information with market context.
This 1,936 SF retail storefront features a front open retail/showroom area with large storefront windows. The layout extends to additional space in the rear, including a kitchen area and a full shower, creating added flexibility beyond a standard retail configuration. A covered outdoor patio is included, with rear parking access to support day-to-day use.
Located in the heart of Downtown Alachua at 14827 Main Street, the property is positioned for convenient customer-oriented access via the storefront frontage. The rear portion provides practical back-of-house connectivity through rear access and on-site parking.
The zoning allows a live/work business to occupy the space, which can be beneficial for operators who want to combine customer-facing retail with personal or operational space. With storefront visibility in front and an enhanced rear area that includes a kitchen, shower, and covered patio, the property may fit uses that require both display and functional back-area needs.
Located in the heart of Downtown Alachua at 14827 Main Street, the property is positioned for convenient customer-oriented access via the storefront frontage. The rear portion provides practical back-of-house connectivity through rear access and on-site parking.
The zoning allows a live/work business to occupy the space, which can be beneficial for operators who want to combine customer-facing retail with personal or operational space. With storefront visibility in front and an enhanced rear area that includes a kitchen, shower, and covered patio, the property may fit uses that require both display and functional back-area needs.
Key Highlights
- 1,936 SF retail storefront in Downtown Alachua with large front storefront windows
- Open retail/showroom area at the front with additional rear space
- Rear includes a kitchen area, full shower, and covered outdoor patio
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
$21,130
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
5.71%
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%
$422,600
$422.6K
Cap Rate 7%
$301,857
$301.9K
Cap Rate 9%
$234,778
$234.8K
Market Conditions
NOI Build-Up for 1,936 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
$33.0K $17.04/SF
− Vacancy
−$2.8K −$1.45/SF
EGI
$30.2K $15.59/SF
− OpEx
−$9.1K −$4.68/SF
NOI
$21.1K $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%
$422,600
Cap Rate 7%
$301,857
Cap Rate 9%
$234,778
Alternative Uses
Best Use
Retail
$301.9K
$264.1K – $352.2K
NOI $21,130 @ 7.0% cap · market cap 5.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$488.1K
$427.1K – $569.4K
NOI $34,165 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
564
Businesses Nearby
17k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Electronics 4%
Circle K
Shops & Services
12,948 visits/mo
0.3 miles
Capital City Bank
Shops & Services
1,990 visits/mo
0.2 miles
Chevron
Shops & Services
1,326 visits/mo
0.3 miles
AT&T
Electronics
694 visits/mo
0.3 miles
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
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail storefront with rear kitchen, full shower, covered patio, and rear parking access suited for storefront or live/work use.
Where is this storefront property located?
The property is located at 14827 MAIN STREET Alachua, FL.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1,936 SF retail storefront in Downtown Alachua with large front storefront windows; Open retail/showroom area at the front with additional rear space; Rear includes a kitchen area, full shower, and covered outdoor patio
