Property profile

16135 Us Hwy 441 Alachua, FL 32615

OFF-MARKET
Turn key restaurants
Property ID
US18-5901409
7,280 SF 1.53 ac lot Built 2002
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

These commercial parcels are located in the HighPoint Crossing development off US Hwy 441 and I-75 in Alachua, Florida, at I-75 Exit 399. Parcel access is provided via NW 161 Terrace, a publicly owned and maintained right-of-way, with public utilities available for development. Stormwater is managed by a master stormwater facility that handles runoff from the parcels, reducing the need for individual on-site drainage management systems. The parcels front along NW 163 Lane and NW 161st Terrace, with proximity to US Hwy 441 (about 0.1 miles) and I-75 (about 0.3 miles), and are approximately 5.2 miles to High Springs, 9.1 miles to Gainesville, 28 miles to Lake City, and 3.7 miles to major distribution centers for Walmart and Dollar General; US Hwy 441 carries approximately 30,000 AADT. Lot sizes are designed to range from at least 2+ acres, with configurations varying to accommodate differing development requirements.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2002
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,280 SF
Lot 1.53 ac (66,647 SF)
Zoning code CI
APN 03053-001-002
UPID US18-5901409

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Take-out & Catering Catering Service

Location

16135 Us Hwy 441 Alachua, FL 32615-8926
Alachua metro Census 1816 GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$981k
Blend (final) Blend
$1.02M

Owner & transaction history

since 2023
3 recorded transactions
2023
Price N/A
2023
$3.2M
2013
$160,000

Zoning & alternative use

CI · Alachua, FL
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 dist…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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