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Property profile & analytics
OFF-MARKET
Estimated value
$4,715,000
Office buildings
11611 Research Cir Alachua, FL 32615-6825
Entity Owned
6-yr Hold
Free & Clear
Property ID
US18-2842998
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2014
Construction
STEEL FRAME
Total area
22,930 SF
Lot
17.01 ac (740,956 SF)
Zoning code
PUD
APN
03956-010-008
UPID
US18-2842998
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.70M
Comparable Approach
Comparable
$5.47M
Blend (final)
Blend
$4.72M
Owner & transaction history
Rti Oem LLC · 6 yrs held
Rti Oem LLC
since 2020
5 recorded transactions
Zoning & alternative use
PUD · Alachua, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.4M
+83.4%
Neighborhood: shopping center
$4.4M
+27.1%
Retail stores
$4.2M
+21.2%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alachua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alachua submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,085,000
6.5%
$4,695,000
7%
$4,360,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,460,000
Current use
RESTAURANT
$6,350,000
Change: +83% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,400,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$4,195,000
Change: +21% · Conversion: Moderate
MEDICAL BUILDING
$3,180,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$2,835,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$4.72M
Range $4.24M – $5.19M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$206 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$377,094
Tax year 2023
Assessed value
$16,217,753
Assessed 2023
Previous assessed
$21,689,351
-25.2% YoY
Effective rate
2.33%
On assessed value
Assessed land
$2,593,345
Assessed improvement
$13,624,408
Land market value
$2,593,345
Improvement market value
$13,624,408
Total market value
$16,217,753
Applied tax rate
1,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2014
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Units
100
Rooms
29
Bathrooms
132
Total area
22,930 SF
Lot
17.01 ac (740,956 SF)
Zoning code
PUD
APN
03956-010-008
UPID
US18-2842998
Jurisdiction
ALACHUA
Zoning & alternative use
PUD · Alachua, FL
Zoning PUD · permitted uses
PUD · Alachua, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alachua. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.5M
RESTAURANT
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.4M
RETAIL STORES
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.2M
WAREHOUSE, STORAGE
Est. value
$2.8M
OFFICE BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2014
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
100
Rooms
29
Bathrooms
132
Lot
17.01 ac
Current owner
From public records · entity-resolved
Rti Oem LLC
Entity
Free & Clear · 6 yrs held
Mailing address
11621 RESEARCH CIR, ALACHUA, FL 32615-6825
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2020
—
Rti Surgical INC
—
Deed
related
$255,000,000 · Other Institutional Lenders
Jul 2, 2020
$38,720,000
Rti Oem LLC
Rti Surgical INC
Grant Deed
—
Jun 6, 2018
—
Rti Surgical INC
—
Deed
related
$38,720 · Jpmorgan Chase Bk NA
—
—
Rti Surgical INC
—
Deed Of Trust
related
$38,720 · Jpmorgan Chase Bk NA
—
—
Rti Surgical INC
—
Deed Of Trust
related
$255,000,000 · Other Institutional Lenders
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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