Versatile Commercial Space Near
For Sale
$2,750,000
15043 MAIN St, Alachua, FL 32615
14,000+ sq ft commercial space near historic downtown Alachua.
Property Size14,303 SF
Lot Size1.28 Acres
Price / SF$196.43
Days on Market153
Property Features for 15043 MAIN St
General Information
Standard status
Active
Size
14,303 SF
Lot size
1.28 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$21,967
Building Details
Building Size
14,303 SF
Year Built
1977
Stories
2
Listing Agency:
(352) 222-0041
Listed By:
Lacey Wheeler
(352) 222-0041
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 6:09AM
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 Lacey Wheeler
Investment Insights
Based on property information with market context.
This commercial property offers over 14,000 sq ft of space in a location near historic downtown Alachua. Currently configured as a gym and medical office, the property features a versatile layout with a large open central area and multiple private enclosed rooms. The flexible floor plan can accommodate medical or professional offices, fitness or wellness centers, classrooms, retail showrooms, therapy suites, or co-working spaces. The property is located in a high-visibility area and benefits from close proximity to downtown amenities, restaurants, and shops. The building offers accessibility and ample parking, providing potential for investors or business owners.
Key Highlights
- Over 14,000 sq ft of commercial space.
- Prime location near historic downtown Alachua.
- Versatile layout with large open area and private rooms.
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
$176,198
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
6.41%
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%
$3,523,960
$3.5M
Cap Rate 7%
$2,517,114
$2.5M
Cap Rate 9%
$1,957,756
$2.0M
Market Conditions
NOI Build-Up for 14,000 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
$319.2K $22.80/SF
− Vacancy
−$25.5K −$1.82/SF
EGI
$293.7K $20.98/SF
− OpEx
−$117.5K −$8.39/SF
NOI
$176.2K $12.59/SF
Area
Alachua County, FL
Vacancy
8.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
40.00%
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%
$3,523,960
Cap Rate 7%
$2,517,114
Cap Rate 9%
$1,957,756
Alternative Uses
Best Use
Healthcare Medical
$2.52M
$2.20M – $2.94M
NOI $176,198 @ 7.0% cap · market cap 6.41%
Second Best
Office B
$2.49M
$2.18M – $2.91M
NOI $174,636 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$3.53M
$3.09M – $4.12M
NOI $247,061 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
304
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
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Similar Off Market Nearby
- Alachua Massage Center — 14520 Main St UNIT 60, Alachua, FL 32615
- Inspiration Yoga School — 14009 NW 147 Ave, Alachua, FL 32615
- VitaMax Hydration — 15043 Bob Hitchcock's Main St, Alachua, FL 32615
- Alachua Yoga Center — 30, 14520 Main St, Alachua, FL 32615
- Infinite Wellness & Fitness — 15043 Main St, Alachua, FL 32615
Frequently Asked Questions
What type of property is this?
Fitness center & gym - 14,000+ sq ft commercial space near historic downtown Alachua.
Where is this fitness center & gym located?
The property is located at 15043 MAIN St Alachua, FL.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Over 14,000 sq ft of commercial space.; Prime location near historic downtown Alachua.; Versatile layout with large open area and private rooms.
