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Property profile & analytics

15803 140th St Alachua, FL 32615-4419

  • Flex space
  • 16,775 SF
  • 1.01 lot acres
OFF-MARKET
Value Estimation
$185,000
Last Sale
Feb 12, 2021
$255,000
Location Intelligence
Property ID
US18-0161710
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

  • Flex space

Property Details for 15803 140th St

Year built
1980
Lot size
1.01 lot acres
Property size
16,775 SF
Zone code
RMF-8
Property type
Flex space
APN
03131-103-000
APU
3131103000

Description

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.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $195,000
  • CAP approach

    CAP return
    Estimation
    6%
    $170,000
    6.5%
    $185,000
    7%
    $180,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $155,000
    Geo Method
    $160,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $150,000
    Retail
    $150,000
    Mixed-Use
    $160,000
    Hospitality
    $175,000
    Educational
    $165,000
    Residential Income
    $165,000
    Energy
    $175,000
    Income-Based Land
    $175,000
    Food Service
    $165,000

Location Insight

  • Map
  • Local Demand
City
Alachua
County
Alachua
State
Florida
Longitude
-82.4938
Latitude
29.8
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
$48,793
$219,978
$8,352
$228,330
-
$219,978
$8,352
$228,330
More about this property
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