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

    15100 Main St Alachua, FL 32615-3640

    • Medical offices
    • 2,694 SF
    • 0.11 lot acres
    OFF-MARKET
    Last Sale
    Jul 17, 2020
    $275,000
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3867972
    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

    • Alachua Animal Hospital / Veterinarian

    Property Details for 15100 Main St

    Year built
    1961
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    2,694 SF
    Zone code
    CI
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    03594-000-000
    APU
    3594000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $265,000
      ML approach
      $275,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $278,000
      Market price range: $278k - $501k
      AI Estimate
      $193,000
      Market price range: $139k - $396k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $375,000
      Current use
      OFFICE BUILDING
      $405,000
      Change: +9% Conversion: Easy
      WAREHOUSE, STORAGE
      $335,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.496
    Latitude
    29.7935
    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
    $5,924
    $21,981
    $227,019
    $249,000
    -
    $21,981
    $227,019
    $249,000

    Comparable in this City

    • Value Estimation
      $345,000
      7,524 SF

      15260 147th Dr

      MEDICAL BUILDING • 7,524 SF
      15260 147th Dr, Alachua, FL 32615-5338
      View Details
    • Value Estimation
      $310,000
      2,556 SF

      14804 140th St

      MEDICAL BUILDING • 2,556 SF
      14804 140th St, Alachua, FL 32615-6276
      View Details
    • Value Estimation
      $215,000
      2,000 SF

      14690 151st Blvd

      MEDICAL BUILDING • 2,000 SF
      14690 151st Blvd, Alachua, FL 32615-5328
      View Details
    • Value Estimation
      $300,000
      4,608 SF

      11550 Research Cir

      MEDICAL BUILDING • 4,608 SF
      11550 Research Cir, Alachua, FL 32615-6834
      View Details
    • Value Estimation
      $645,000
      37,744 SF

      13702 Innovation Dr

      MEDICAL BUILDING • 37,744 SF
      13702 Innovation Dr, Alachua, FL 32615-9586
      View Details
    • Value Estimation
      $330,000
      1,835 SF

      14601 140th St

      MEDICAL BUILDING • 1,835 SF
      14601 140th St, Alachua, FL 32615-6262
      View Details

    Similar Nearby for Sale

    • $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
      View Details
    • $2,900,000

      Versatile Commercial Space Near Downtown

      Over 14,000 sq ft near historic downtown Alachua.
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    • $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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    • $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
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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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    • $1,300,000

      Commercial Property with Development Potential

      Three buildings and a vacant lot on a major highway.
      12515 NW Us Highway 441, Alachua, FL 32615
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    Similar Nearby for Lease

    • Contact for pricing
      4,700 SF

      Prime Medical Office, Orlando

      1.6-Acre Medical Office Building w/ Drive-Thru
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      View Details
    • $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
    • $2,800 /Mo

      Spacious Offices with Ample Parking

      Remodeled offices with meeting room, kitchen, and abundant parking.
      14435 NW 441 20, 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
    • $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
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    15100 Main St
    Alachua, FL 32615-3640
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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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