Newberry Commercial Property For
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1556 SW State Rd 45, Newberry, FL 32669
32,450 SF commercial property in Newberry, Florida.
Property Size32,450 SF
Price / SF$129.43
Days on Market139
Property Features for 1556 SW State Rd 45
General Information
Standard status
Active
Size
32,450 SF
Class
B
Property subtype
Self Storage
Zoning
CI
Listing Agency:
Matthews
Listed By:
Austin McLeod · License #394903
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 8 at 6:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matthews
Investment Insights
Based on property information with market context.
This commercial property, located in Newberry, Florida, encompasses a total area of 32,450 square feet. The property is suitable for self-storage facilities, industrial purposes, or general commercial real estate ventures.
Key Highlights
- 32,450 SF commercial property
- Located in Newberry, Florida
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$266,174
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,323,480
$5.3M
Cap Rate 7%
$3,802,486
$3.8M
Cap Rate 9%
$2,957,489
$3.0M
Market Conditions
NOI Build-Up for 32,450 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$408.9K $12.60/SF
− Vacancy
−$28.6K −$0.88/SF
EGI
$380.2K $11.72/SF
− OpEx
−$114.1K −$3.52/SF
NOI
$266.2K $8.20/SF
Area
Alachua County, FL
Vacancy
7.00%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,323,480
Cap Rate 7%
$3,802,486
Cap Rate 9%
$2,957,489
Alternative Uses
Best Use
Self Storage
$3.80M
$3.33M – $4.44M
NOI $266,174 @ 7.0% cap · market cap 6.34%
Second Best
Industrial
$3.14M
$2.75M – $3.67M
NOI $220,108 @ 7.0% cap · market cap 5.24%
Theoretical Best
Office A
$8.18M
$7.16M – $9.54M
NOI $572,652 @ 7.0% cap · market cap 13.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 32669, FL
15,890
Population
7,054
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
98%
High-School Grad
98.6 sq mi
ZIP Area
161
Density / Sq Mi
$102,335
Median Household Income
$56,150
Median Earnings
$1,657
Median Rent
$308,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - 32,450 SF commercial property in Newberry, Florida.
Where is this self storage facility located?
The property is located at 1556 SW State Rd 45 Newberry, FL.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 32,450 SF commercial property; Located in Newberry, Florida
