Newberry Commercial Building For
For Sale
$800,000
305 SW 250TH St, Newberry, FL 32669
Commercial building in Newberry, Florida, with income potential.
Property Size5,147 SF
Lot Size0.76 Acres
Days on Market268
Property Features for 305 SW 250TH St
General Information
Standard status
Active
Size
5,147 SF
Lot size
0.76 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,002
Building Details
Building Size
5,147 SF
Year Built
1998
Stories
1
Listing Agency:
United Country Smith & Associates Trenton
(352) 221-5256
Listed By:
Brad Smith · License #550985
(352) 221-5256
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 12
Last Checked: Aug 22 at 11:16AM
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 United Country Smith & Associates Trenton
Investment Insights
Based on property information with market context.
Located in Newberry, Florida, this commercial building offers 5,147 square feet of space. The property is situated off State Road 45, providing visibility and accessibility. The building is divided into three business spaces, with two units currently leased to established tenants. The third unit is available, offering an opportunity for immediate occupancy while benefiting from rental income. The location is in a growing area with potential for customer traffic. This property offers a combination of location and income potential.
Key Highlights
- Prime location directly off State Road 45 in Newberry, Florida, offering maximum visibility and easy access.
- Divided into three business spaces, with two units already leased, providing immediate rental income.
- One unit is available for owner occupancy, allowing you to operate your business while benefiting from rental income.
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
$56,175
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
7.02%
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%
$1,123,500
$1.1M
Cap Rate 7%
$802,500
$802.5K
Cap Rate 9%
$624,167
$624.2K
Market Conditions
NOI Build-Up for 5,147 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
$87.7K $17.04/SF
− Vacancy
−$7.5K −$1.45/SF
EGI
$80.2K $15.59/SF
− OpEx
−$24.1K −$4.68/SF
NOI
$56.2K $10.91/SF
Area
Alachua County, FL
Vacancy
8.50%
Lease Rate
$17.04 /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%
$1,123,500
Cap Rate 7%
$802,500
Cap Rate 9%
$624,167
Alternative Uses
Best Use
Retail
$802.5K
$702.2K – $936.3K
NOI $56,175 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.30M
$1.14M – $1.51M
NOI $90,830 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Balanced
Demand for This Use
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial building in Newberry, Florida, with income potential.
Where is this storefront property located?
The property is located at 305 SW 250TH St Newberry, FL.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: Prime location directly off State Road 45 in Newberry, Florida, offering maximum visibility and easy access.; Divided into three business spaces, with two units already leased, providing immediate rental income.; One unit is available for owner occupancy, allowing you to operate your business while benefiting from rental income.
