Technical
Financial
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Property profile

11694 Research Dr Alachua, FL 32615

OFF-MARKET
Office buildings
Property ID
US18-6625754
12,600 SF 5.06 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 11,900-square-foot retail or restaurant space is located in Alachua, Florida's premier Progress Park, a thriving biotech office park with over 34 companies and 1,200+ employees. Situated on 5.07 acres of land at 11694 Research Dr, Alachua, FL 32615, this Class A property boasts a prime location on HWY 441, directly across from a 600-home community. Built and renovated in 2022, the single-tenant space is part of a 7-suite building with ample parking (50 spaces). The property is zoned PUD and offers high visibility with over 20,000 average daily vehicle trips on HWY 441. This location is ideal for a variety of businesses, including restaurants, coffee shops, and other retail establishments. The property's proximity to a new coffee shop, brewery, and wine bar will further enhance its appeal and draw significant foot traffic. This is a rare opportunity to secure a highly visible and desirable retail space in a rapidly growing area. The property also presents the possibility of an outparcel drive-thru restaurant, available for sale or land lease (inquire for details). Don't miss this chance to establish your business in Alachua County's most coveted retail location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 12,600 SF
Lot 5.06 ac (220,414 SF)
Zoning code PUD
APN 03956-010-028
UPID US18-6625754

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Cafe & Coffee Shop

Location

11694 Research Dr Alachua, FL 32615-7267
Alachua metro Census 1817 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.26M
Blend (final) Blend
$915k

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
1969
Price N/A

Zoning & alternative use

PUD · Alachua, FL
Zoning description

The PUD district is intent to calculates the number, type, and mix of land uses, including the total number of residential units, residential densities, and nonresidential intensities within each development area or deve…

General category PLANNED_DEVELOPMENT

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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