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    5864 NW State Road 45 Newberry, FL 32669

    View on Map
    Sponsored
    For Sale
    $649,900

    Farm - NEWBERRY, FL

    Type:Farm
    Property size:
    1,584 SF
    Lot size:
    5.09 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 20 at 8:06 am

    Property Features for 5864 NW State Road 45

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Zoning
    A
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Kitchen, Living Room
    Bedrooms
    3
    Bathrooms
    2
    APN
    01821-010-010
    Parking features
    Garage
    Interior features
    Ceiling Fans(s), Open Floorplan
    Exterior features
    Fencing, Fire Pit, Garden
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    1,584 SF
    Lot size
    5.09 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Ductless, Multi Units

    Building Details

    Year built
    2015
    Flooring type
    Carpet, Laminate, Tile, Wood
    Building materials
    HardiPlank Type
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Lauren Neidenfeuhr

    Gailey Enterprises Real Estate (770) 733-2596

    Listing agent Lauren Neidenfeuhr (770) 733-2596 License #3608726

    Listing date Mar 19, 2026

    MLS# OM720684 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Newberry Farm with In-Law Suite

    Located in Newberry, Florida, this farm offers country living on 5.09 fully fenced acres. The property includes a 1,584 square-foot main home with three bedrooms and two bathrooms, along with a detached 312 square-foot one-bedroom, one-bathroom in-law suite featuring an attached climate-controlled two-car garage. The main home has a split floor plan, a primary suite with a large bedroom, closet with attic access, and an ensuite bathroom with a walk-in shower and soaking tub. The living area includes a wood-burning fireplace, and the kitchen is equipped with appliances, including a refrigerator that is two years old, as well as a washer and dryer. A screened-in back porch and fire pit provide outdoor living space. Equestrian amenities include a three-stall barn with a wash rack, a lockable tack room, and a feed room. The property features four main pastures and two run-in shelters, with space for an arena or additional paddocks. The in-law suite was built just over a year ago and offers income potential. Exterior paint was completed in 2025, and "forever screws" were installed in the roof in 2025. Both homes are bonded for termite and pest protection. The property is less than 5 miles from amenities such as Publix, Bravo Supermarkets, restaurants, Ace Hardware, coffee shops, boutiques, and a fitness center. Plans for a Wawa and shopping center are underway on SR 26. The farm is located less than 40 minutes from Gainesville and approximately one hour from Ocala. The property is zoned A. The intended use of the property is for horse owners or those seeking a private country setting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Newberry
    County
    Alachua
    State
    Florida
    Longitude
    -82.608374
    Latitude
    29.710212

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    FAQs

    What type of property is this?
    Horse & equestrian property - 5.09-acre farm with main home, in-law suite, and equestrian facilities.
    Where is this horse & equestrian property located?
    The property is located at 5864 NW State Road 45 Newberry, FL.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: - 5.09 fully fenced acres ideal for horses, featuring a 3-stall barn, wash rack, tack room, feed room, and multiple pastures.; - Detached, permitted 1-bedroom, 1-bathroom in-law suite (312 sq ft) with climate-controlled 2-car garage, suitable for guests, family, or rental income.; - Convenient location: less than 5 miles to shopping and dining, and easy access to Gainesville (40 minutes) and Ocala (1 hour).
    (352) 320-4913
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    5864 NW State Road 45 Newberry, FL 32669
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    Newberry, FL 32669
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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
    5864 NW State Road 45 Newberry, FL 32669
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    We can help!
    Listing Contact
    Lauren Neidenfeuhr
    Real Estate License ID: 3608726
    (352) 320-4913 (770) 733-2596
    Learn more
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