Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20785 W Newberry ROAD Newberry, FL 32669

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,500,000

    Land available in Newberry, Florida, near Newberry Road.

    Type:Land
    Added:
    Sep 19, 2013
    Days on Market:
    4601
    Last Refresh:
    Mar 16 at 8:59 am

    Property Features for 20785 W Newberry ROAD

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Teresa Hoffman
    Teresa Hoffman

    Listing agent Teresa Hoffman License #461048

    Listing office Keller Williams Realty Partners, Inc

    Listing date Sep 19, 2013

    Source Evrealestate

    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 Keller Williams Realty Partners, Inc

    Overview

    Land For Sale in Newberry

    Located in Newberry, Florida, the property is situated one block west of 202nd Street and directly across from Destiny Church. The land is accessible from Newberry Road (SR26), traveling west from Gainesville through Jonesville and into the Newberry City Limits.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Kitchen & Bath Showroom Storage Facility Electrical Service Garden Center Discount Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Alachua
    State
    Florida
    Longitude
    -82.5635021
    Latitude
    29.6539222

    Nearby Similar for Sale

    • $3,379,000
      8,375 SF

      Newberry Retail Space For Sale

      Prime retail space in Tioga market with existing tenant.
      14451 W NEWBERRY ROAD, NEWBERRY, FL 32669
      View Details
    • $624,900
      1,896 SF

      Newberry Farm with In-Law Suite

      5.09-acre Newberry farm featuring a main home and in-law suite.
      5864 NW STATE ROAD 45, NEWBERRY, FL 32669
      View Details
    • $2,690,000
      2,414 SF

      Equestrian Property in Marlboro Farms

      37-acre equestrian facility with 40 stalls and residential duplex.
      16525 SW 5TH PLACE, NEWBERRY, FL 32669
      View Details
    • $315,000

      Newberry Land with Development Potential

      5.18 acres of land near Newberry Road.
      2126 NW 170 STREET, NEWBERRY, FL 32669
      View Details
    • $274,000

      Kingston Homesite: Wooded Corner Lot

      3-acre wooded corner homesite in the Kingston community.
      Tbd NW 152ND COURT, NEWBERRY, FL 32669
      View Details
    • $289,000

      Newberry Land Homesite Opportunity

      3-acre wooded homesite in the Kingston community.
      2651 NW 152ND COURT, NEWBERRY, FL 32669
      View Details
    • $198,860

      Residential Land in Tioga Community

      Land for dream home in amenity-rich Tioga community.
      13485 SW 9TH ROAD, NEWBERRY, FL 32669
      View Details
    • $195,960

      Residential Land in Tioga Community

      Land for dream home with community amenities in Newberry, FL.
      13327 SW 9TH ROAD, NEWBERRY, FL 32669
      View Details
    • $280,500

      Pasture Land in Private Subdivision

      10-acre lot ideal for livestock or agricultural pursuits.
      003 NW 202ND STREET, NEWBERRY, FL 32669
      View Details
    • $349,900

      Tioga Homesite: Build Your Dream

      Private, wooded homesite in Tioga, close to amenities.
      13660 SW 8TH AVENUE, NEWBERRY, FL 32669
      View Details
    • $280,500

      Newberry Land Ideal for Agriculture

      10-acre lot perfect for livestock, horses, or agriculture.
      001 NW 202ND STREET, NEWBERRY, FL 32669
      View Details
    • $289,900

      Pasture Land with Grandaddy Oaks

      10-acre parcel ideal for livestock or agricultural pursuits.
      004 NW 202ND STREET, NEWBERRY, FL 32669
      View Details

    FAQs

    What type of property is this?
    Land - Land available in Newberry, Florida, near Newberry Road.
    Where is this land located?
    The property is located at 20785 W Newberry ROAD Newberry, FL.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: Located in Newberry City Limits; Close proximity to Newberry Road (SR26); Near 202nd Street
    (352) 870-9063
    We can help!
    Listing Contact
    Teresa Hoffman
    Teresa Hoffman
    Real Estate License ID: 461048
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!