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    The Largest CRE Database in the US with Over 1 Million Listings

    140Th Ter Newberry, FL 32669

    Sponsored
    For Sale
    $700,000

    15,000 SF Commercial Land, Prime Location

    Property size:
    3,001 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional commercial land offering presents a unique investment opportunity in the thriving Jonesville area of Newberry, Florida. Priced at $700,000, this 15,000 square foot lot is zoned BR (Business, Retail Sales & Services), providing flexibility for a variety of commercial ventures. The property is part of a newly redeveloped and renovated office park, boasting over 25,256 square feet of modern office space, including six suites ranging from 3,001 to 6,464 square feet. An 8,612 square foot lab/warehouse building is also included, featuring nine labs, ample storage, and convenient shipping/receiving access. The site benefits from abundant parking and is conveniently located near restaurants, retail, banking, and Newberry Road, providing easy access to West Gainesville. Its proximity to I-75 (4.7 miles) ensures excellent regional connectivity. Additionally, a 1.38-acre paved and fenced storage lot is available, offering further expansion potential. This property represents a rare chance to acquire a substantial land parcel within a vibrant, established commercial park, ideal for businesses seeking a high-visibility location with ample space and modern amenities. The total acreage, including buildings, is 4.35 acres. Site plans are available to show pad placement within the office park.

    Property Features for 0 140Th Ter

    General Information

    Property type
    Land
    Square Feet
    3,001 SF

    We can help!

    Listing Contact
    Dan Drotos
    Dan Drotos

    Learn more

    HighLights

    • $700,000 asking price for 15,000 SF commercial land parcel.
    • Located in Newberry, FL (Alachua County), on SW 140th Terrace, zip code 32669.
    • BR zoning (Business, Retail Sales & Services).
    • Includes a 25,256 SF renovated office campus and an 8,612 SF lab/warehouse building.
    • Convenient access to I‑75 (4.7 miles), Newberry Road, and Jonesville amenities.
    • Ample parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Newberry
    County
    Alachua
    State
    Florida
    Longitude
    -82.490970739022
    Latitude
    29.649992495437

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    FAQs

    What type of property is this?
    Land - 15,000 SF Commercial Land, Prime Location
    Where is this land located?
    The property is located at 140Th Ter Newberry, FL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: $700,000 asking price for 15,000 SF commercial land parcel.; Located in Newberry, FL (Alachua County), on SW 140th Terrace, zip code 32669.; BR zoning (Business, Retail Sales & Services).
    Request Owner's contact information
    140Th Ter 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
    140Th Ter Newberry, FL 32669
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    We can help!
    Listing Contact
    Dan Drotos
    Dan Drotos
    Real Estate License ID: FL 3255693
    Learn more
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