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

    16518 County Rd 241 Alachua, FL 32615-4409

    • Day care centers
    • 1,608 SF
    • 0.84 lot acres
    OFF-MARKET
    Last Sale
    Apr 12, 2022
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4215391
    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

    • Day care centers

    Property Details for 16518 County Rd 241

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.84 lot acres
    Property size
    1,608 SF
    Zone code
    RSF-3
    Property type
    Day care centers
    APN
    03070-000-000
    APU
    3070000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $170,000
      Current use
      AUTO REPAIR, GARAGE
      $265,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $200,000
      Change: +20% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $180,000
      Change: +8% Conversion: Difficult
      OFFICE BUILDING
      $170,000
      Change: -0% Conversion: Difficult
      MEDICAL BUILDING
      $155,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.4947
    Latitude
    29.807
    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
    $1,501
    $18,000
    $37,331
    $55,331
    -
    $18,000
    $37,331
    $55,331

    Comparable in this City

    • Value Estimation
      $385,000
      9,842 SF

      14400 152nd Ln

      DAY CARE, PRE-SCHOOL • 9,842 SF
      14400 152nd Ln, Alachua, FL 32615-8606
      View Details
    • Value Estimation
      $260,000
      1,656 SF

      14821 Us Hwy 441

      DAY CARE, PRE-SCHOOL • 1,656 SF
      14821 Us Hwy 441, Alachua, FL 32615
      View Details
    • Value Estimation
      $345,000
      2,568 SF

      12426 Us Hwy 441

      DAY CARE, PRE-SCHOOL • 2,568 SF
      12426 Us Hwy 441, Alachua, FL 32615-8508
      View Details
    • Value Estimation
      $205,000
      5,940 SF

      13851 Tech City Cir

      DAY CARE, PRE-SCHOOL • 5,940 SF
      13851 Tech City Cir, Alachua, FL 32615-6094
      View Details
    • Value Estimation
      $260,000
      4,580 SF

      14017 166th Pl

      DAY CARE, PRE-SCHOOL • 4,580 SF
      14017 166th Pl, Alachua, FL 32615-4825
      View Details
    • Value Estimation
      $250,000
      1,190 SF

      14203 150th Ave

      DAY CARE, PRE-SCHOOL • 1,190 SF
      14203 150th Ave, Alachua, FL 32615-8537
      View Details

    Similar Nearby for Sale

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      Freestanding Popeyes Restaurant in Alachua

      Single tenant NNN Popeyes in Alachua, Florida for sale.
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      Alachua Multifamily Land Opportunity

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      Alachua Industrial Land - $792K

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      Alachua Commercial Land - 2.46 Acres

      Prime Alachua development site, near I-75 & Publix.
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      5.69 Acres

      Alachua Industrial Land - Lot 3

      5.69 Acres, Divisible Industrial Lot
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    Similar Nearby for Lease

    • $7,200 /Mo

      Alachua Cowork Units For Rent

      Cowork units available for rent in Alachua, Florida.
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    • Contact for pricing
      4,700 SF

      Prime Medical Office, Orlando

      1.6-Acre Medical Office Building w/ Drive-Thru
      15119 Us Highway 441, Alachua, FL 32615
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    • $19 SF/Yr
      4,000 SF

      Alachua Office Space for Lease

      4,000 SF Executive Office Suite
      14520 Us Highway 441, Alachua, FL 32615
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    • Contact for pricing
      1,800 SF

      Alachua Drive-Thru Retail Opportunity

      High-traffic location, 1,800 sq ft building
      15210 Us Highway 441, Alachua, FL 32615
      View Details
    • $31 SF/Yr
      2,777 SF

      Alachua Restaurant - High Traffic Location

      Prime Alachua restaurant, 2777 sq ft, high visibility.
      15947 Us Highway 441, Alachua, FL 32615
      View Details
    • $26 SF/Yr
      270,000 SF

      Alachua Industrial Space Available

      Class A Flex Space, 2,500-270,000 SF
      13000 Tech City Cir, Alachua, FL 32615
      View Details
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    Alachua, FL 32615-4409
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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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