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Property profile & analytics
OFF-MARKET Estimated value $560,000
Drive through restaurants

15947 Us Hwy 441 Alachua, FL 32615-4891

2,668 SF 0.92 ac lot Built 1988
Entity Owned 9-yr Hold Free & Clear
Property ID
US19-0783396
Property summary
AI-generated overview

This 2,777 square foot restaurant building, formerly a Pizza Hut, is situated on a 40,000 square foot lot at 15947 NW US Hwy 441 in Alachua, Florida, 32615. The property boasts excellent visibility and high traffic counts, with 65,000 vehicles daily on I-75 and 24,000 vehicles daily on US Hwy 441. The Commercial Intensive (CI) zoning allows for a wide range of uses, including restaurants, bars, quick-service restaurants (QSRs), automotive businesses, and medical facilities. The property includes 36 parking spaces. Annual property taxes are $7 per square foot. This location offers significant upside potential due to its proximity to a newly approved 40+ acre mixed-use development featuring multifamily and retail components directly to the east, and planned residential development on a large parcel of land behind the property. The property is available for lease, sale, or joint venture opportunities. This is a rare opportunity to acquire a high-traffic commercial property in a rapidly growing area.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 1988
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,668 SF
Lot 0.92 ac (40,075 SF)
Zoning code CI
APN 03066-005-000
UPID US19-0783396
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
$496k
Blend (final) Blend
$560k
Owner & transaction history
Diadem Investments LLC · 9 yrs held
Diadem Investments LLC
since 2016
7 recorded transactions
2016
$1.1M
2013
Price N/A
2012
Price N/A
2007
$1.1M
1999
$725,000
1969
Price N/A
1969
Price N/A
Zoning & alternative use
CI · Alachua, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The CI District is established and intended to provide lands and facilitate highway-oriented development opportunities within the City, for uses that require high public visibility and an accessible location. The CI district should be located along major arterials or highways and at the US 441 or Interstate-75 interchange.

Zone name Commercial Intensive
General category COMMERCIAL
Zone area 935.46 ac
Source Realmo
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