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Property profile & analytics
OFF-MARKET Estimated value $915,000
Office buildings

11694 Research Dr Alachua, FL 32615-7267

12,600 SF 5.06 ac lot
Entity Owned 5-yr Hold Free & Clear
Property ID
US18-6625754
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Kookaburra Alachua Cafe & Coffee Shop
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
Ponce Inlet Group LLC · 5 yrs held
Ponce Inlet Group LLC
since 2021
2 recorded transactions
2021
Price N/A
1969
Price N/A
Zoning & alternative use
PUD · Alachua, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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