13680 104Th TerAlachua, FL 32615

Property Details for 13680 104Th Ter

Year built

1998

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.34 AC

Property size (Sq ft)

6,726 SF

Zone code

CI

Property type

Office properties

Property subtype

Office buildings

APN

05949-011-001

APU

5949011001

Description

This 7,761 square foot medical office building, situated on 1.35 acres in Alachua, Florida (APN: 05949-011-001), presents a compelling investment opportunity. Located at 13680 NW 104th Terrace, 32615, this property boasts a prime location within the Gainesville-Alachua Tech Corridor, offering easy access to US Hwy 441 and I-75 (4.7 miles). The building features a modern interior with exposed brick walls, high ceilings, large windows providing ample natural light, and durable vinyl plank flooring. Multiple reception areas, offices, and well-appointed lab spaces with extensive cabinetry and storage are included. A significant advantage is the presence of two separate lobbies, allowing for flexible division into multiple suites or businesses. A truck-high commercial roll-up door at the rear provides convenient access for deliveries and shipments. The low-maintenance brick exterior and landscaping enhance curb appeal. The property's zoning is CI (Commercial, Intensive), making it suitable for a variety of uses, including research and development, manufacturing, and office space. Its proximity to Progress Park (0.8 miles), home to a significant concentration of biotech companies, further underscores its potential. The asking price is $999,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,452,480

  6.5%

  $1,340,750

  7%

  $1,244,983

• Comparable approach

  Method

  Valuation

  Relative Method

  $457,435

  Geo Method

  $457,435

• Alternative Use

  Use

  Valuation

  Residential

  $1,662,531

  Hospitality

  $1,522,869

  Educational

  $1,267,009

  Medical

  $1,310,584

  Retail

  $1,970,903

Location Insight

City

Alachua

County

Alachua

State

Florida

Latitude

29.7802

Longitude

-82.4569

CBSA code

23540

CBSA name

GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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