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    Property profile & analytics

    12628 150Th Ave Alachua, FL 32615

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-8179111
    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

    • Commercial real estate

    Property Details for 12628 150Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional 25-acre agricultural parcel in Alachua County, Florida, presents a unique investment opportunity. Currently undergoing rezoning to RSF-4, this land boasts significant development potential. An approved conceptual drawing from 2005 outlines a plan for a low-density residential development of 80 homes. The property's strategic location offers easy access to key amenities and infrastructure. Situated along a paved road on its southern boundary, it benefits from readily available city water, sewer, and fire hydrants. The City of Alachua provides a desirable lifestyle with nearby Interstate I-75, Highway 441, public schools, grocery stores, Lowe's, medical facilities, restaurants, and the expansive 105-acre Legacy Park. Furthermore, the property's proximity to High Springs to the north and Gainesville to the south, home to the University of Florida and renowned hospitals, enhances its appeal. The asking price for this prime land is $865,000, offering a compelling investment prospect in a rapidly growing area. The zip code is 32615.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.481106
    Latitude
    29.793971

    Comparable in this City

    • $125,900
      Pending

      5.2 Acres of Country Living

      5.2 acres perfect for building a dream home or farm.
      000 W Cr Rd1491 Rd, Alachua, FL 32615
      View Details
    • $459,900

      A-Frame Home on Acreage

      Charming A-frame home on 5.5 acres, perfect for country living.
      15024 NW 89Th St, Alachua, FL 32615
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    • $2,150,000
      108.76 Acres

      Picturesque Pasture Land in Alachua

      108.76 acres of pasture land in Alachua County.
      19450 NW 94Th Ave, Alachua, FL 32615
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    • $800,000

      52.95 Acres of Farmland

      Cleared, fenced farmland with irrigation and warehouse near Gainesville.
      4088 W State Road 235, Alachua, FL 32615
      View Details
    • $225,000
      6.40 Acres

      6.4 Acres Ready for Ranch

      High and dry land ideal for horses and farm animals.
      23206 NW 102Nd Ave, Alachua, FL 32615
      View Details
    • $494,900
      35.82 Acres

      Alachua County Land with Pines

      35.82 acres of land with planted pine trees.
      N State Road 121, Alachua, FL 32615
      View Details

    Similar Nearby for Sale

    • $125,900
      Pending

      5.2 Acres of Country Living

      5.2 acres perfect for building a dream home or farm.
      000 W Cr Rd1491 Rd, Alachua, FL 32615
      View Details
    • $459,900

      A-Frame Home on Acreage

      Charming A-frame home on 5.5 acres, perfect for country living.
      15024 NW 89Th St, Alachua, FL 32615
      View Details
    • $2,150,000
      108.76 Acres

      Picturesque Pasture Land in Alachua

      108.76 acres of pasture land in Alachua County.
      19450 NW 94Th Ave, Alachua, FL 32615
      View Details
    • $800,000

      52.95 Acres of Farmland

      Cleared, fenced farmland with irrigation and warehouse near Gainesville.
      4088 W State Road 235, Alachua, FL 32615
      View Details
    • $225,000
      6.40 Acres

      6.4 Acres Ready for Ranch

      High and dry land ideal for horses and farm animals.
      23206 NW 102Nd Ave, Alachua, FL 32615
      View Details
    • $494,900
      35.82 Acres

      Alachua County Land with Pines

      35.82 acres of land with planted pine trees.
      N State Road 121, Alachua, FL 32615
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      1,260 SF

      Alachua Retail Space - Hwy 441

      High-traffic retail space, excellent location.
      15634 Us Highway 441, Alachua, FL 32615
      View Details
    • $515,000

      Land in Copeland Park

      Land available for rent in a technology and bioscience ecosystem.
      Nano Ct, Alachua, FL 32615
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    • $5,500 /Mo

      Industrial Land For Lease

      1.91 acres of land suitable for warehouses or storage.
      Nano Ct, Alachua, FL 32615
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    • $19 SF/Yr
      4,000 SF

      Alachua Office Space for Lease

      4,000 SF Executive Office Suite
      14520 Us Highway 441, Alachua, FL 32615
      View Details
    • Contact for pricing
      1,800 SF

      Alachua Drive-Thru Retail Opportunity

      High-traffic location, 1,800 sq ft building
      15210 Us Highway 441, Alachua, FL 32615
      View Details
    • $31 SF/Yr
      2,777 SF

      Alachua Restaurant - High Traffic Location

      Prime Alachua restaurant, 2777 sq ft, high visibility.
      15947 Us Highway 441, Alachua, FL 32615
      View Details
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    12628 150Th Ave
    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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