Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17742 115Th Ave Alachua, FL 32615
    Property profile & analytics

    17742 115Th Ave, Alachua, FL 32615

    View on Map
    • Warehouses
    • 51,500 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • PDR Mobile Auto Dent Removal & Paint / Auto Repair Shop

    Property Details for 17742 115Th Ave

    Property type
    Warehouses
    Property subtype
    Life science properties

    Description

    The Alachua Commerce Center offers 51,500 square feet of brand new industrial space in Alachua County, Florida. This multi-tenant property is located at 17742 NW 115 Ave, Alachua, FL 32615 and features flexible layouts with a minimum divisible space of 6,400 square feet and a maximum contiguous space of 51,578 square feet. Currently, the entire 51,500 square feet is available for lease. The building boasts a 24-foot clear ceiling height, making it ideal for various industrial uses including commercial, manufacturing, flex, warehouse, distribution, and R&D. Units feature 10' x 10' commercial roll-up doors at dock height. The lease rate is $9.00 per square foot, NNN. While some marketing materials mention unit sizes of approximately 12,946 and 25,890 square feet, the entire building is available for lease. This prime location in Alachua County offers excellent access to transportation and logistical networks.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.5341
    Latitude
    29.7618

    Comparable in this City

    • Value Estimation by Request
      270,000 SF

      13000 Tech City Cir

      Life science properties
      13000 Tech City Cir, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      11,985 SF

      14000 Nano Ct

      Life science properties
      14000 Nano Ct, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      11,985 SF

      14000 Nano Ct

      Life science properties
      14000 Nano Ct, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      6,000 SF

      13290 County Road 235

      Distribution properties
      13290 County Road 235, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      2.80 Acres

      Alachua, FL 32615

      R&D FACILITY, LABS, PHARMA
      Alachua, FL 32615
      View Details
    • Value Estimation by Request
      0.60 Acres

      Alachua, FL 32615

      R&D FACILITY, LABS, PHARMA
      Alachua, FL 32615
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      282,597 SF

      Spacious Warehouse with Rail Access

      180,000 SF warehouse with CSX rail connectivity available for lease.
      12705 NW Us Highway 441, Alachua, FL 32615
      View Details
    • Contact for pricing
      11,985 SF

      Adaptable Flex Space/Warehouse Facility

      Planned 11,985 SF flex space/warehouse in Alachua's Progress District.
      14000 Nano Ct, Alachua, FL 32615
      View Details
    • Contact for pricing
      21,455 SF

      Class A Manufacturing and Laboratory Facility

      Newly constructed light manufacturing and laboratory facility in Alachua, Florida.
      14209 NW 119Th Ter, Alachua, FL 32615
      View Details
    • Contact for pricing
      11,200 SF

      Alachua Storage Facility For Sale

      118-unit storage facility totaling 11,200 SF in Alachua, Florida.
      14709 NW 129Th Ter, Alachua, FL 32615
      View Details
    • Contact for pricing

      Prime Commercial Land Opportunity

      0.66-acre commercial parcel in Alachua's expanding district.
      16404 NW 174Th Dr, Alachua, FL 32615
      View Details
    • $400,000

      Lowe's Anchored Outparcels For Sale

      Outparcels for sale, ready to build with all utilities.
      15893 NW 144Th Ter, Alachua, FL 32615
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Alachua Industrial Space For Rent

      16,000± SF industrial space in Alachua Commerce Center.
      11600 NW 173Rd St, Alachua, FL 32615
      View Details
    • Contact for pricing

      Alachua Laboratory Suite For Lease

      14,033 SF laboratory suite in Progress District, Alachua, FL.
      13631 Progress Blvd, Alachua, FL 32615
      View Details
    • Contact for pricing

      New Construction Industrial Space Available

      New construction industrial space for lease with dock height doors.
      17742 NW 115Th Ave, Alachua, FL 32615
      View Details
    • $9 SF/Yr

      New Industrial Space Available

      New construction industrial space with dock-high loading in Alachua, FL.
      17742 NW 115Th Ave, Alachua, FL 32615
      View Details
    • Contact for pricing

      Innovative Mixed-Use Development Site

      Mixed-use site serving startups, biomedical, research, and manufacturing companies.
      13000 Tech City Cir, Alachua, FL 32615
      View Details
    • $8 SF/Yr

      Industrial Space in Alachua

      35,062± SF industrial space for lease in Alachua, Florida.
      11600 NW 173Rd St, Alachua, FL 32615
      View Details
    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.
    17742 115Th Ave
    Alachua, FL 32615
    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

    Thank You for Inquiry
    17742 115Th Ave, Alachua, FL, 32615
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!