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Property profile & analytics
OFF-MARKET
Estimated value
$6,625,000
Medical Office Space
13702 Innovation Dr Alachua, FL 32615-9586
Entity Owned
15-yr Hold
Free & Clear
Property ID
US19-0386363
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1992
Total area
37,744 SF
Lot
6.04 ac (263,102 SF)
Zoning code
PUD
APN
03956-010-003
UPID
US19-0386363
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
AI Approach
AI
by Request
CAP Approach
CAP
$7.31M
Comparable Approach
Comparable
$7.02M
Blend (final)
Blend
$6.63M
Owner & transaction history
Rti Biologics INC · 15 yrs held
Rti Biologics INC
since 2011
1 recorded transaction
Zoning & alternative use
PUD · Alachua, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 development pods and the total number, type, and mix of land uses for the entire PD Master Plan, identifies the general location of open space,…
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
1,407.21 ac
Source
Realmo
Top alternative use upside
Restaurant
$10.5M
+99.7%
Neighborhood: shopping center
$7.2M
+38.3%
Retail stores
$6.9M
+32.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Alachua submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alachua submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,915,000
6.5%
$7,310,000
7%
$6,785,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$5,235,000
Current use
RESTAURANT
$10,455,000
Change: +100% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,240,000
Change: +38% · Conversion: Difficult
RETAIL STORES
$6,910,000
Change: +32% · Conversion: Difficult
OFFICE BUILDING
$5,700,000
Change: +9% · Conversion: Easy
WAREHOUSE, STORAGE
$4,665,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$6.63M
Range $5.96M – $7.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$176 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$21,963
Tax year 2023
Assessed value
$14,085,261
Assessed 2023
Previous assessed
$14,072,411
+0.1% YoY
Effective rate
0.16%
On assessed value
Assessed land
$920,858
Assessed improvement
$13,164,403
Land market value
$920,858
Improvement market value
$13,164,403
Total market value
$14,085,261
Applied tax rate
1,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1992
Heating
FORCED AIR
Cooling
REFRIGERATOR
Stories
1
Rooms
71
Bathrooms
39
Total area
37,744 SF
Lot
6.04 ac (263,102 SF)
Zoning code
PUD
APN
03956-010-003
UPID
US19-0386363
Jurisdiction
ALACHUA
Zoning & alternative use
PUD · Alachua, FLZoning PUD · permitted uses
PUD · Alachua, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
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 development pods and the total number, type, and mix of land uses for the entire PD Master Plan, identifies the general location of open space, Identifies the location of environmentally sensitive lands, wildlife habitat, and stream corridors, Identifies the on-site transportation circulation system including arterial and collector roads, existing or projected transit corridors, and pedestrian and bicycle pathways, Identifies on-site potable water and wastewater facilities, and Identifies the general location of all public facility sites serving the development, including transportation, potable water, wastewater, parks, fire, police, EMS, stormwater, solid waste and schools.
Zone name
Planned Unit Development
General category
PLANNED_DEVELOPMENT
Zone area
1,407.21 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$5.2M
RESTAURANT
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
RETAIL STORES
Est. value
$6.9M
OFFICE BUILDING
Est. value
$5.7M
WAREHOUSE, STORAGE
Est. value
$4.7M
MEDICAL BUILDING Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
71
Bathrooms
39
Lot
6.04 ac
Current owner
From public records · entity-resolved
Rti Biologics INC
Entity
Free & Clear · 15 yrs held
Mailing address
PO BOX 113100, GAINESVILLE, FL 32611-3100
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2011
—
Rti Biologics INC
University Of Florida Board/tes
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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