Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Research Dr Alachua, FL 32615

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Research Dr Alachua, FL 32615

    View on Map
    • Land
    • 5.53 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Research Dr

    Lot size
    5.53 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This 5.53-acre commercial and industrial land parcel is located in Alachua, Florida's Progress Park, an established science and technology park. Zoned PUD-Industrial, this property offers significant development potential. Situated conveniently off US Highway 441, the parcel boasts on-site utilities and excellent visibility. Its location near Research Drive provides easy access to major transportation routes and a skilled workforce. Ideal for a variety of uses, including biotechnology, manufacturing, light industrial, or commercial development. The property is part of a larger development with multiple parcels available, ranging in size from less than one acre to over five acres. This prime location within a Foreign Trade Zone offers additional economic advantages. The asking price is $829,500. The property's APN is 03956-010-000. This represents a unique opportunity to invest in a thriving area with strong growth potential. The parcel offers direct access to Research Blvd and NW 126th Terrace, with convenient access to Rachael Blvd, leading to Downtown Alachua and US Hwy 441. This established area benefits from an existing workforce and is strategically positioned for success.

    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
    -82.48
    Latitude
    29.7849

    Comparable in this City

    • Value Estimation by Request
      0.95 Acres

      Alachua Florida 32615 Technology Ave

      Land • 0.95 Acres
      Alachua Florida 32615 Technology Ave, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      1.00 Acre

      Progress Blvd

      Land • 1.00 Acre
      0 Progress Blvd, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      2.46 Acres

      16461 167 Blvd

      Land • 2.46 Acres
      16461 167 Blvd, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      2.13 Acres

      12300 Research Dr

      Land • 2.13 Acres
      12300 Research Dr, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      5.47 Acres

      Technology Ave

      Land • 5.47 Acres
      0 Technology Ave, Alachua, FL 32615
      View Details
    • Value Estimation by Request
      2.89 Acres

      Research Dr

      Land • 2.89 Acres
      0 Research Dr, Alachua, FL 32615
      View Details

    Similar Nearby for Sale

    • $77,999

      Vacant Land in Alachua, FL

      Vacant lot located in Alachua, Florida.
      13534 NW 159Th Pl, Alachua, FL 32615
      View Details
    • $1,679,000
      Pending

      Land for Sale in Alachua

      Land available on County Road 235A, Alachua, Florida.
      21400 NW County Road 235A, Alachua, FL 32615
      View Details
    • $112,500
      Pending

      10.7 Acres in North Alachua

      10.7 acres in LaCrosse, with well and septic.
      4814 NW 244Th Ave, Alachua, FL 32615
      View Details
    • $405,000
      20.00 Acres

      20 Acres in Alachua, FL

      20 acres of land with pond near Alachua and Gainesville.
      19611 NW 75Th St, Alachua, FL 32615
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr

      Innovative Mixed-Use Tech City Development

      Mixed-use campus serving various sectors, including start-ups and manufacturing.
      13000 Tech City Cir, 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
    • $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

      Alachua Biotech Hub Lab Suites

      Flexible lab suites available in a thriving science and technology cluster.
      12742 Northwest 133Rd Ter, 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
    • $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
    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.
    Research Dr
    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

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