Storefront with Covered
For Sale
$369,900
14827 MAIN Street, Alachua, FL 32615
Commercial Sale, ALACHUA, FL
Property Size1,936 SF
Lot Size0.12 Acres
Price / SF$191.06
Days on Market65
Property Features for 14827 MAIN Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning
CBD
Directions
From Gainesville, head north on US-441 toward Alachua. Turn left onto NW 148th Place (Main Street) into downtown Alachua. Continue west on Main Street-property will be on your left at 14827 Main Street
Subdivision
32615 - Alachua
Standard status
Active
APN
03657-000-000
Size
1,936 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
OLMSTEAD SURVEY PB C-79B S 29 2/3 FT OF N 59 FT OF LOT 2 BK 6 LESS S 1 1/3 FT OF W 70 FT PER OR1138/650 & OR 1648/654 (LESS COM NW COR LOT 2 BK 6 S 29 AND 1/6 FT POB E 100.36 FT S 1.38 FT W 100.35 FT N 2.10 FT POB PER OR 2408/ 1491) OR 5231/1581
Tax Annual Amount
2537
Legal Description
OLMSTEAD SURVEY PB C-79B S 29 2/3 FT OF N 59 FT OF LOT 2 BK 6 LESS S 1 1/3 FT OF W 70 FT PER OR1138/650 & OR 1648/654 (LESS COM NW COR LOT 2 BK 6 S 29 AND 1/6 FT POB E 100.36 FT S 1.38 FT W 100.35 FT N 2.10 FT POB PER OR 2408/ 1491) OR 5231/1581
Utilities
Cooling system
Central Air
Amenities
kitchen area
full shower
covered outdoor patio
on-site parking
Building Details
Year built
1900
Building materials
Brick
Listing Agency:
COLDWELL BANKER M.M. PARRISH REALTORS · Coldwell Banker Real Estate
(352) 335-4999
Listed By:
Shasta Schoellhorn · License #3484708
(352) 922-0048
Added: Jul 2
Changed: Aug 24
Last Checked: Sep 4 at 6:06PM
MLS# GC541383
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,936-square-foot brick storefront, built in 1900, offers an open front showroom framed by large display windows. The rear portion adds a kitchen area, full shower, and access to a covered outdoor patio. Central air serves the building, while rear access connects to on-site parking.
Located in Downtown Alachua, the property carries CBD zoning that allows a live/work business to occupy the space. The combination of retail-oriented front space, rear amenities, outdoor area, and parking access supports a flexible commercial configuration within the downtown setting.
Located in Downtown Alachua, the property carries CBD zoning that allows a live/work business to occupy the space. The combination of retail-oriented front space, rear amenities, outdoor area, and parking access supports a flexible commercial configuration within the downtown setting.
Key Highlights
- 1,936 SF retail storefront with open showroom area and large storefront windows
- CBD zoning allows a live/work business to occupy the space
- Rear area includes a kitchen and full shower
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
$24,150
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
6.53%
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%
$483,000
$483.0K
Cap Rate 7%
$345,000
$345.0K
Cap Rate 9%
$268,333
$268.3K
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
$38.3K $19.80/SF
− Vacancy
−$6.1K −$3.17/SF
EGI
$32.2K $16.63/SF
− OpEx
−$8.0K −$4.16/SF
NOI
$24.1K $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%
$483,000
Cap Rate 7%
$345,000
Cap Rate 9%
$268,333
Alternative Uses
Best Use
Office B
$345.0K
$301.9K – $402.5K
NOI $24,150 @ 7.0% cap · market cap 6.53%
Second Best
Mixed Use
$319.4K
$279.5K – $372.7K
NOI $22,361 @ 7.0% cap · market cap 6.05%
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
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 Office 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?
Storefront property - CBD-zoned space combines an open showroom with rear support areas, outdoor space, and parking access.
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 with open showroom area and large storefront windows; CBD zoning allows a live/work business to occupy the space; Rear area includes a kitchen and full shower
