Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16461 NW 167th Blvd Alachua, FL 32615

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail pad development site near Santa Fe Highschool and Publix.

    Type:Land
    Added:
    Feb 21, 2023
    Days on Market:
    1156
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 16461 NW 167th Blvd

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Eric Ligman

    Listing agent Eric Ligman License #3086548

    Listing office Bosshardt Realty Services

    Listing date Feb 21, 2023

    Source Crexi

    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 Bosshardt Realty Services

    Overview

    Retail Pad Development Site

    This retail pad development site is located adjacent to Santa Fe Highschool, within walking distance to Publix, and in close proximity to I-75. The suggested highest and best use is a hotel, but the site can also be used for retail or mixed-use purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.4896
    Latitude
    29.8204

    Nearby Similar for Sale

    • $399,000
      1,288 SF

      Restored Farmhouse on Lush Acres

      Beautifully restored 1927 farmhouse on 5 acres with horse barn.
      24216 NW 62ND AVENUE, ALACHUA, FL 32615
      View Details
    • $475,000

      Five-Acre Lot in Gated Community

      Build your dream home on this five-acre lot.
      15681 NW 48TH PLACE, ALACHUA, FL 32615
      View Details
    • $67,999

      Vacant Land in Desirable Neighborhood

      3.48-acre lot near amenities, ideal for building or investment.
      13534 NW 159TH PLACE, ALACHUA, FL 32615
      View Details
    • $120,000

      Agricultural Land in Alachua, Florida

      7.96 acres of agriculturally zoned land ready for development.
      20616 NW 75TH STREET, ALACHUA, FL 32615
      View Details
    • $360,000

      Golf Course Frontage Land Opportunity

      Prime golf course lots in Turkey Creek community near Gainesville.
      000 PALMETTO BOULEVARD, ALACHUA, FL 32615
      View Details
    • $349,000
      2,032 SF

      Office/Residential Building in Alachua

      Office/Residential building with multiple possibilities in Alachua, Florida.
      14819 NW 140TH STREET, ALACHUA, FL 32615
      View Details
    • $55,000

      Residential Lot in Gated Community

      0.09-acre residential lot in Turkey Creek, Alachua, Florida.
      NW 109TH PLACE, ALACHUA, FL 32615
      View Details
    • $55,000

      Residential Lot in Turkey Creek

      Residential vacant lot in a desirable, gated golf course community.
      109TH PLACE, ALACHUA, FL 32615
      View Details
    • $1,300,000

      Commercial Property with Development Potential

      Three buildings and a vacant lot on a major highway.
      12515 NW US HIGHWAY 441, Alachua, FL 32615
      View Details
    • $75,000

      Alachua Land with Creek

      5.15-acre parcel in Alachua with creek and utilities.
      000 NW 254TH AVENUE, ALACHUA, FL 32615
      View Details
    • $405,000

      20 Acres in Alachua, FL

      20 acres of land with pond near Alachua and Gainesville.
      19611 NW 75TH STREET, ALACHUA, FL 32615
      View Details
    • $265,000

      Expansive Land Parcel Near Alachua

      10-acre parcel near Alachua and High Springs.
      Tbd N COUNTY RD 1491, ALACHUA, FL 32615
      View Details

    FAQs

    What type of property is this?
    Commercial land - Retail pad development site near Santa Fe Highschool and Publix.
    Where is this commercial land located?
    The property is located at 16461 NW 167th Blvd Alachua, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: Rare retail pad development site.; Adjacent to Santa Fe Highschool.; Walking distance to Publix.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eric Ligman
    Real Estate License ID: 3086548
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!