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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13640 Us Hwy 441 Alachua, FL 32615-8504

    • Office buildings
    • 3,621 SF
    • 5.00 lot acres
    OFF-MARKET
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US19-0387090
    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

    • Proctor Engineering / Engineering Consultant / Civil Engineer

    Property Details for 13640 Us Hwy 441

    Year built
    1952
    Construction
    WOOD
    Lot size
    5.00 lot acres
    Property size
    3,621 SF
    Zone code
    ILW
    Property type
    Office buildings
    APN
    05964-009-000
    APU
    5964009000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $805,000
      6.5%
      $740,000
      7%
      $690,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $700,000
      Market price range: $361k - $864k
      AI Estimate
      $483,000
      Market price range: $166k - $629k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $545,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $695,000
      Change: +27% Conversion: Difficult
      RETAIL STORES
      $665,000
      Change: +21% Conversion: Moderate
      MEDICAL BUILDING
      $500,000
      Change: -8% Conversion: Easy
      WAREHOUSE, STORAGE
      $450,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.4549
    Latitude
    29.778
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,329
    $217,800
    $193,249
    $411,049
    -
    $217,800
    $193,249
    $411,049

    Comparable in this City

    • Value Estimation by Request
      0.51 Acres

      Alachua, FL 32615

      OFFICE BUILDING • 0.51 Acres
      Alachua, FL 32615
      View Details
    • Value Estimation
      $2,865,000
      13,900 SF

      15151 99th St

      OFFICE BUILDING (MULTI-STORY) • 13,900 SF
      15151 99th St, Alachua, FL 32615-5738
      View Details
    • Value Estimation by Request
      535 SF

      14405 Peggy Rd

      OFFICE BUILDING (MULTI-STORY) • 535 SF
      14405 Peggy Rd, Alachua, FL 32615-5449
      View Details
    • Value Estimation
      $570,000
      1.00 Acre

      9818 County Rd 236

      OFFICE BUILDING (MULTI-STORY) • 1.00 Acre
      9818 County Rd 236, Alachua, FL 32615-3545
      View Details
    • Value Estimation
      $2,785,000
      5,984 SF

      13400 Progress Blvd

      OFFICE BUILDING (MULTI-STORY) • 5,984 SF
      13400 Progress Blvd, Alachua, FL 32615-9444
      View Details
    • Value Estimation
      $1,370,000
      14,303 SF

      15043 Main St

      OFFICE BUILDING (MULTI-STORY) • 14,303 SF
      15043 Main St, Alachua, FL 32615-3637
      View Details

    Similar Nearby for Sale

    • $1,300,000

      Commercial Property with Development Potential

      Three buildings and a vacant lot on a major highway.
      12515 NW Us Highway 441, Alachua, FL 32615
      View Details
    • $299,000

      Downtown Alachua Office/Residential Opportunity

      Vintage 3BR/2BA property in Alachua Historic District. Office/Residential zoning.
      14819 NW 140Th St, Alachua, FL 32615
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    • $2,900,000

      Versatile Commercial Space Near Downtown

      Over 14,000 sq ft near historic downtown Alachua.
      15043 Main St, Alachua, FL 32615
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    • $1,325,000
      7,354 SF

      Alachua Office Building - Progress Park

      Prime Alachua Office Space, 7,354 sq ft
      13500 Progress Blvd, Alachua, FL 32615
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    • $1,069,000
      6,804 SF

      Historic Building in Vibrant Downtown

      Versatile property in Alachua's downtown, ideal for various ventures.
      14603 Main St, Alachua, FL 32615
      View Details
    • $299,000

      Historic Alachua Office/Residential Opportunity

      Vintage 3BR/2BA home in Alachua Historic District with office/residential zoning.
      14819 Nw 140Th St, Alachua, FL 32615
      View Details

    Similar Nearby for Lease

    • $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
    • $22 SF/Yr
      7,761 SF

      Versatile Commercial Property For Lease

      Commercial property with office and lab space in Alachua, Florida.
      13680 NW 104Th Ter, Alachua, FL 32615
      View Details
    • Contact for pricing
      4,700 SF

      Prime Medical Office, Orlando

      1.6-Acre Medical Office Building w/ Drive-Thru
      15119 Us Highway 441, Alachua, FL 32615
      View Details
    • $16 SF/Yr
      3,000 SF

      Alachua Retail Showroom - 3000 SF

      High-visibility showroom space in Alachua, FL.
      13570 101St Dr, Alachua, FL 32615
      View Details
    • $167,460

      Alachua Retail/Office Space Available

      Retail and office spaces for rent in Alachua, Florida.
      13859 Progress Blvd, Alachua, FL 32615
      View Details
    • $2,800 /Mo
      Pending

      Remodeled Mixed-Use Property on 441

      Remodeled mixed-use property with ample parking and signage on 441.
      14435 NW 441, Alachua, FL 32615
      View Details
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    Alachua, FL 32615-8504
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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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