Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    12019 Newberry Rd Gainesville, FL 32606

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12019 Newberry Rd Gainesville, FL 32606

    View on Map
    • Land
    • 0.39 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 12019 Newberry Rd

    Lot size
    0.39 lot acres
    Property type
    Land

    Description

    This exceptional 0.387-acre commercial development site presents a unique investment opportunity in Gainesville, Florida. Located at 12019 W Newberry Road, this property boasts a highly desirable location at the corner of W. Newberry Road and NW 122nd Street (Parker Road), experiencing a combined average daily traffic count of 32,500 vehicles. Its strategic position places it advantageously between the Oaks Mall/I-75 trade area and the affluent Jonesville/Tioga suburb. West Newberry Road (SR-26) serves as a major east-west thoroughfare connecting the University of Florida with western Gainesville and Alachua County. The site is situated adjacent to Noble on Newberry, a recently completed 300-unit, resort-style multifamily complex, creating a vibrant and attractive surrounding environment. This parcel, designated as Block 7, is zoned for a variety of office and retail uses. All necessary utility connections, offsite stormwater management, internal parking, and road systems are already in place. The property was approved under Alachua County's new TOD/TND ordinance and was delivered in October 2019. This turnkey site is ready for immediate development, offering significant potential for commercial or retail ventures. The property is located in Alachua County, Florida, with a zip code of 32606.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.4699
    Latitude
    29.6588

    Comparable in this City

    • Value Estimation by Request
      143.00 Acres

      4300 Boulevard

      Land • 143.00 Acres
      4300 Boulevard, Gainesville, FL 32606
      View Details
    • Value Estimation by Request
      2.24 Acres

      4551 39Th Ave

      Retail properties & Spaces • 1 SF
      4551 39Th Ave, Gainesville, FL 32606
      View Details
    • Value Estimation by Request
      9.00 Acres

      8010 39Th Ave

      Retirement homes • 9.00 Acres
      8010 39Th Ave, Gainesville, FL 32606
      View Details
    • Value Estimation by Request
      0.14 Acres

      3300 98Th St

      Land • 0.14 Acres
      3300 98Th St, Gainesville, FL 32606
      View Details
    • Value Estimation by Request
      350 SF

      4509 23Rd Ave

      Land • 350 SF
      4509 23Rd Ave, Gainesville, FL 32606
      View Details
    • Value Estimation by Request
      5.00 Acres

      9775 39Th Ave

      Land • 5.00 Acres
      9775 39Th Ave, Gainesville, FL 32606
      View Details

    Similar Nearby for Sale

    • $499,900

      Land for Sale

      Land available east of 39th Avenue and 69th Street.
      00 NW 69Th St, Gainesville, FL 32606
      View Details
    • $177,500

      Gainesville Land for Sale

      Land available in Gainesville, Florida.
      001 NW 37Th Dr, Gainesville, FL 32606
      View Details
    • $1,850,000
      5.00 Acres

      Gainesville Commercial Land - 5 Acres

      Prime 5-acre commercial site, high traffic location.
      9775 39Th Ave, Gainesville, FL 32606
      View Details
    • Contact for pricing

      Santa Fe Health Park Land

      144 acres of land for sale in Gainesville, Florida.
      4300 NW 89Th Blvd, Gainesville, FL 32606
      View Details
    • $279,000

      Gainesville Land For Sale

      Land available in Gainesville, Florida.
      3892 NW 44Th Ave, Gainesville, FL 32606
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      High-Traffic Commercial Site For Rent

      Commercial land available at NW 39th Avenue/I-75 intersection in Gainesville.
      9775 NW 39Th Ave, Gainesville, FL 32606
      View Details
    • $4,625 /Mo
      3,060 SF

      Showroom/Warehouse Space Near I-75

      4,800 SF showroom/warehouse with highway access, suitable for various businesses.
      3714 NW 97Th Blvd, Gainesville, FL 32606
      View Details
    • $400 /Mo
      1,574 SF

      Gainesville Office Space For Rent

      Affordable office spaces in a prime Gainesville business district.
      2833 NW 41St St, Gainesville, FL 32606
      View Details
    • $22 SF/Yr
      5,810 SF

      Class A Office Space

      Premier Gainesville office building with open workspaces and private offices.
      2850 NW 43Rd St, Gainesville, FL 32606
      View Details
    • Contact for pricing

      Retail Shopping Center For Lease

      Retail shopping center anchored by TJ Maxx, Bealls Outlet.
      1005 NW 76Th Blvd, Gainesville, FL 32606
      View Details
    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.
    12019 Newberry Rd
    Gainesville, FL 32606
    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!