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    Property profile & analytics

    15634 NW Us Highway 441 Alachua, FL 32615

    • Community centers
    • 7,500 SF
    • 1.96 lot acres
    For Lease
    View listing
    $29 SF/Yr
    Value Estimations
    $315,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4214391
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TBGoods / Jewelry Buyer / Used Musical Instrument Store
    • Mi Apá Latin Café of Alachua / Cuban Restaurant / Breakfast Restaurant
    • Domino's Pizza / Pizza Delivery / Chicken Wings Restaurant

    Property Details for 15634 NW Us Highway 441

    Year built
    2008
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.96 lot acres
    Property size
    7,500 SF
    Zone code
    CBD
    Property type
    Community centers
    APN
    03869-011-000
    APU
    3869011000

    Description

    This exceptional retail opportunity encompasses a 17,190 square foot center situated on 1.97 acres at 15634 NW US Hwy 441 in Alachua, Florida, 32616. The property, built in 2008 and classified as Class B, features three buildings with ample parking (20+ spaces). Multiple tenancy options are available, with a minimum divisible space of 1,200 square feet and currently 4,080 square feet vacant. Units range in size from 1,200 to 1,620 square feet. The property boasts a highly desirable location, minutes from I-75, offering easy access to Gainesville and surrounding areas. Large storefront windows provide abundant natural light, and the open floor plans are ideal for a variety of retail uses. Excellent signage opportunities are available. The property is zoned CBD and its address is further identified by the cross street NW 147th DR. The property's APN is 03869-011-000. This thriving retail center is already home to a diverse range of established businesses, including Moe's Southwest Grill, South Beach Tanning Company, One Stop Medical and Urgent Care, Dominoes, TB Goods, Mi Apa Latin Cafe, and Life South Community Blood Centers. Lease rates are based on five-year lease terms.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.5022
    Latitude
    29.7981
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $53,024
    $849,562
    $1,462,038
    $2,311,600
    -
    $849,562
    $1,462,038
    $2,311,600

    Comparable in this City

    • Value Estimation
      $365,000
      9,000 SF

      15551 Us Hwy 441

      MINI-MALL • 9,000 SF
      15551 Us Hwy 441, Alachua, FL 32615-9330
      View Details
    • Value Estimation by Request
      1,620 SF

      15652 Us Highway 441

      Lifestyle centers • 1,620 SF
      15652 Us Highway 441, Alachua, FL 32615
      View Details
    • Value Estimation
      $245,000
      7,102 SF

      14923 Us Hwy 441

      SHOPPING CENTER, STRIP CENTER • 7,102 SF
      14923 Us Hwy 441, Alachua, FL 32615-6397
      View Details
    • Value Estimation
      $710,000
      27,324 SF

      15202 147th Dr

      SHOPPING CENTER, STRIP CENTER • 27,324 SF
      15202 147th Dr, Alachua, FL 32615-5331
      View Details
    • Value Estimation
      $485,000
      6,271 SF

      14911 Main St

      SHOPPING CENTER, STRIP CENTER • 6,271 SF
      14911 Main St, Alachua, FL 32615-8800
      View Details
    • Value Estimation
      $280,000
      3,575 SF

      15483 Us Hwy 441

      WHOLESALE OUTLET, DISCOUNT STORE • 3,575 SF
      15483 Us Hwy 441, Alachua, FL 32615-9329
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Retail Space Near US Highway

      Retail space with high visibility near major transportation routes.
      16181 NW Us Highway 441, Alachua, FL 32615
      View Details
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    Alachua, FL 32615
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    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
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