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    Property profile & analytics

    14603 Main St Alachua, FL 32615

    • Turn key restaurants
    • 5,345 SF
    • 1.01 lot acres
    For Sale
    View listing
    $1,069,000
    Last Sale
    Apr 09, 2021
    $554,300
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7981152
    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

    • Williams-LeRoy House / Historical Landmark
    • Teatime Tranquility & Treasures / Tea Store / Event Venue
    • The Manor on Main Street / Event Venue
    • Willows Rest / Event Venue

    Property Details for 14603 Main St

    Year built
    1901
    Lot size
    1.01 lot acres
    Property size
    5,345 SF
    Zone code
    CBD
    Property type
    Turn key restaurants
    APN
    03670-000-000
    APU
    3670000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $425,000
      ML approach
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $444,000
      Market price range: $445k - $1.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.4952
    Latitude
    29.7892
    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
    2022
    $94,766
    $176,862
    $261,623
    $438,485
    -
    $176,862
    $261,623
    $438,485

    Comparable in this City

    • Value Estimation
      $300,000
      7,280 SF

      16135 Us Hwy 441

      RESTAURANT • 7,280 SF
      16135 Us Hwy 441, Alachua, FL 32615-8926
      View Details
    • Value Estimation
      $240,000
      1,248 SF

      14960 Main St

      RESTAURANT • 1,248 SF
      14960 Main St, Alachua, FL 32615-8591
      View Details
    • Value Estimation
      $255,000
      1,886 SF

      14816 Main St

      RESTAURANT • 1,886 SF
      14816 Main St, Alachua, FL 32615-8590
      View Details
    • Value Estimation
      $260,000
      4,291 SF

      14841 Main St

      RESTAURANT • 4,291 SF
      14841 Main St, Alachua, FL 32615-8597
      View Details
    • Value Estimation
      $240,000
      1,526 SF

      15979 Us Hwy 441

      RESTAURANT • 1,526 SF
      15979 Us Hwy 441, Alachua, FL 32615-4891
      View Details
    • Value Estimation
      $335,000
      4,913 SF

      15935 Us Hwy 441

      RESTAURANT • 4,913 SF
      15935 Us Hwy 441, Alachua, FL 32615-4891
      View Details

    Similar Nearby for Sale

    • $2,666,667
      1,930 SF

      Freestanding Popeyes Restaurant in Alachua

      Single tenant NNN Popeyes in Alachua, Florida for sale.
      15655 NW Us Highway 441, 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.
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    • $895,000
      6,400 SF

      Retail Building on Highway 441

      6,036 SF retail building with high visibility and accessibility.
      15981 NW Us Highway 441, Alachua, FL 32615
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    • $2,080,000
      2,867 SF

      New Construction Retail/Medical Space

      New construction retail/medical space with excellent visibility and access.
      16300 NW Us Highway 441, Alachua, FL 32615
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    • $325,000

      Restored Corner Building in Alachua

      Restored corner building in downtown Alachua with retail potential.
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    • $1,648,000
      41.20 Acres

      Alachua Commercial Land - 41.2 Acres

      Prime Alachua County development land, US-441 frontage.
      0 Us Highway 441, Alachua, FL 32615
      View Details

    Similar Nearby for Lease

    • 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
    • $29 SF/Yr
      1,620 SF

      Restaurant Space on NW US Hwy

      Second generation restaurant space for lease in Alachua, Florida.
      15634 NW Us Highway 441, Alachua, FL 32615
      View Details
    • $19 SF/Yr
      1,260 SF

      Alachua Retail Space - Hwy 441

      High-traffic retail space, excellent location.
      15634 Us Highway 441, Alachua, FL 32615
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    • 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
    • Contact for pricing
      1,300 SF

      Retail Space Near US Highway

      Retail space with high visibility near major transportation routes.
      16181 NW Us Highway 441, Alachua, FL 32615
      View Details
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    14603 Main St
    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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