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Property profile & analytics
OFF-MARKET
Land

12628 150Th Ave Alachua, FL 32615

Entity Owned 3-yr Hold
Property ID
US18-8179111
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
UPID US18-8179111
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
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Owner & transaction history
Fmpi LLC · 3 yrs held
Fmpi LLC
since 2022
1 recorded transaction
2022
$298,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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