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Property profile & analytics
OFF-MARKET
Flex space

15803 140th St Alachua, FL 32615-4419

16,775 SF 1.01 ac lot Built 1980
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US18-0161710
Property summary
AI-generated overview

This exceptional 22,641 square foot light industrial building, situated on a 1.01-acre lot at 15803 NW 140 Street in Alachua, Florida, presents a unique investment opportunity. Conveniently located on SR 235/CR 241, it offers easy access to Alachua, Gainesville, and I-75, ensuring excellent connectivity. Previously envisioned for condo conversion, the property currently holds RMF-8 zoning, a result of a prior owner's plans. While the previous owner initiated a zoning change for condo development, the project was never completed, leaving the current zoning in place. The current owner had plans to rezone for light industrial use or community services, but these plans were not executed. This presents a blank canvas for a wide range of uses. The substantial size of 22,641 square feet, combined with its strategic location, unlocks virtually limitless potential for redevelopment or continued use as a light industrial space. The property's versatility and prime location make it an attractive proposition for discerning investors seeking a high-return investment with significant upside. The building's size and location offer a rare opportunity in the Alachua market. Serious inquiries are encouraged. The asking price is $499,000.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1980
Total area 16,775 SF
Lot 1.01 ac (43,996 SF)
Zoning code RMF-8
APN 03131-103-000
UPID US18-0161710
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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
St Matthew Missionary Baptist Churc · 5 yrs held
St Matthew Missionary Baptist Churc
since 2021
Last sale
$255,000
7 recorded transactions
2021
$255,000
2021
Price N/A
2020
Price N/A
2014
$429,300
2009
$801,800
2006
$900,000
2000
$450,000
Zoning & alternative use
RMF-8 · Alachua, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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