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Property profile

12076 Progress Blvd Alachua, FL 32615

OFF-MARKET
Office Spaces
8,600 SF 0.96 ac lot
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Property summary

AI-generated overview

This exceptional Alachua, Florida commercial property offers 8,600 square feet of versatile office and lab space, ideally situated within the Gainesville-Alachua Tech Corridor. The property comprises two Class A buildings, totaling 8,600 square feet on a 0.96-acre lot. Building I, at approximately 5,000 square feet, features eleven labs, a conference room, break area, storage, shipping area with a 12x12 foot roll-up door, and two restrooms. It boasts secure entry, interior and exterior security cameras, a Generac full-propane backup generator, three-phase power, and a large IT room with fiber bandwidth. Renovated in 2006 with a new roof in 2014, this building is perfect for research and development, or biotech/pharmaceutical businesses. Building II, a 3,600 square foot structure built in 2008, is currently 50% occupied by a tenant, providing immediate income. This building is divisible into four separate suites, each with fire wall separation, individual metering, and dedicated AC units. It includes a 10x10 foot roll-up door and a double pedestrian door for convenient access. Both buildings offer easy access to US Hwy 441 and are within 2.8 miles of I-75. The property is zoned PUD and features ample parking. This is a prime investment opportunity in a thriving technological hub. The asking price is $1,599,000 with a gross lease type.

Property profile

Verified
Property type Office Spaces
Total area 8,600 SF
Lot 0.96 ac (41,818 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

12076 Progress Blvd Alachua, FL 32615
Alachua metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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