Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    18420 County Rd 236 Alachua, FL 32615
    Back to Search
    Property profile & analytics

    18420 County Rd 236, Alachua, FL 32615

    View on Map
    • Hotels
    • 26,000 SF
    • 20.90 lot acres
    Off-Market
    Property ID
    US18-3514813
    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.
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 18420 County Rd 236

    Year built
    2007
    Construction
    WOOD
    Lot size
    20.90 lot acres
    Zone code
    BH
    Property type
    Hotels
    Property subtype
    Motels
    APN
    00024-011-000
    APU
    24011000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jan 15, 2010 — Harrington Land Trust III Harrington,john D Quit Claim Deed · related —
    Jul 9, 1997 $140,000 John D Harrington Clarence T Johnson Trustee Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $645,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $386,000
      Market price range: $259k - $2.84M

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

    Location Insight

    • Map
    • Local Demand
    City
    Alachua
    County
    Alachua
    State
    Florida
    Longitude
    -82.5415
    Latitude
    29.8784
    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
    $6,416
    $135,850
    $154,024
    $289,874
    -
    $135,850
    $154,024
    $289,874

    Comparable in this City

    • Value Estimation
      $4,090,000
      56,468 SF

      16367 167th Blvd

      HOTEL/MOTEL
      16367 167th Blvd, Alachua, FL 32615-6592
      View Details
    • Value Estimation
      $3,395,000
      64,076 SF

      15930 163rd Ln

      HOTEL/MOTEL
      15930 163rd Ln, Alachua, FL 32615-5357
      View Details
    • Value Estimation
      $1,470,000
      18,608 SF

      16305 162nd Ln

      HOTEL/MOTEL
      16305 162nd Ln, Alachua, FL 32615-5215
      View Details
    • Value Estimation by Request
      16,896 SF

      16100 Us Hwy 441

      MOTEL
      16100 Us Hwy 441, Alachua, FL 32615-6394
      View Details
    • Value Estimation
      $1,580,000
      32,614 SF

      15960 Us Hwy 441

      MOTEL
      15960 Us Hwy 441, Alachua, FL 32615-4890
      View Details
    • Value Estimation
      $2,515,000
      22,455 SF

      15920 Us Hwy 441

      MOTEL
      15920 Us Hwy 441, Alachua, FL 32615-4890
      View Details

    Similar Nearby for Sale

    • $1,325,000
      7,354 SF

      Alachua Office Building - Progress Park

      Prime Alachua Office Space, 7,354 sq ft
      13500 Progress Blvd, Alachua, FL 32615
      View Details
    • Contact for pricing
      7,512 SF

      Alachua Multifamily Investment Opportunity

      Multifamily property with 8 mobile homes and 1 SFR.
      13730 NW 140Th St, Alachua, FL 32615
      View Details
    • $150,000

      Two Industrial Parcels in Alachua

      Two industrial zoned parcels totaling 2.79 acres in Alachua.
      15929 Northwest 135Th Ter, Alachua, FL 32615
      View Details
    • $215,000
      7.69 Acres

      7.69 Acres with Historic Cottage

      7.69-acre parcel in Alachua with utilities and livable cottage.
      10222 NW 173Rd St, Alachua, FL 32615
      View Details
    • $77,999

      Vacant Land in Alachua, FL

      Vacant lot located in Alachua, Florida.
      13534 NW 159Th Pl, Alachua, FL 32615
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Alachua Laboratory Suite For Lease

      14,033 SF laboratory suite in Progress District, Alachua, FL.
      13631 Progress Blvd, Alachua, FL 32615
      View Details
    • Contact for pricing

      Commercial Space in Rolling Oaks

      Modern commercial center with high visibility and strong traffic.
      15202 NW 147Th Dr, Alachua, FL 32615
      View Details
    • $18 SF/Yr

      Modern Flex Space in Alachua

      7,761± SF flex space in Gainesville-Alachua life science corridor.
      13680 NW 104Th Ter, Alachua, FL 32615
      View Details
    • Contact for pricing
      970 SF

      Retail Space in Alachua

      Retail space for lease with open floor plan.
      D-15634 Nw Us Highway 441, Alachua, FL 32615
      View Details
    • $40,656

      Downtown Alachua Retail/Commercial Space

      1,936 SF retail/commercial space in Downtown Alachua.
      14827 Main St, Alachua, FL 32615
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    18420 County Rd 236
    Alachua, FL 32615
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    18420 County Rd 236, Alachua, FL, 32615
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!