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Property profile & analytics
OFF-MARKET
Estimated value
$1,975,000
Turn key restaurants
101 242nd St Newberry, FL 32669-2216
Entity Owned
2-yr Hold
Free & Clear
Property ID
US18-3899909
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Construction
WOOD
Total area
1,452 SF
Lot
9.06 ac (394,654 SF)
Zoning code
CA
APN
01932-001-000
UPID
US18-3899909
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.02M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.98M
Owner & transaction history
Publix Super Markets INC · 2 yrs held
Publix Super Markets INC
since 2023
Last sale
$2.0M
4 recorded transactions
Zoning & alternative use
CA · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended specifically for intensive retail sales and service uses and is automotive oriented which requires a conspicuous and accessible location convenient to streets carrying large volumes of traffic. Such activities generally require large land areas, do not cater directly in appreciable degree to pedestrians, and require ample off street…
Zone name
Commercial Automotive
General category
COMMERCIAL
Zone area
38.95 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberry submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,890,000
ML approach
$2,015,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.98M
Range $1.78M – $2.17M · ±10% · vs last sale $2.00M (Aug 1 2023)
Last sale anchor
$2.00M
Aug 1 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,360 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$12,068
Tax year 2023
Assessed value
$519,736
Assessed 2023
Previous assessed
$520,888
-0.2% YoY
Effective rate
2.32%
On assessed value
Assessed land
$453,000
Assessed improvement
$66,736
Land market value
$453,000
Improvement market value
$66,736
Total market value
$519,736
Applied tax rate
8,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
1
Units
100
Rooms
4
Bathrooms
13
Total area
1,452 SF
Lot
9.06 ac (394,654 SF)
Zoning code
CA
APN
01932-001-000
UPID
US18-3899909
Jurisdiction
ALACHUA
Zoning & alternative use
CA · Newberry, FLZoning CA · permitted uses
CA · Newberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended specifically for intensive retail sales and service uses and is automotive oriented which requires a conspicuous and accessible location convenient to streets carrying large volumes of traffic. Such activities generally require large land areas, do not cater directly in appreciable degree to pedestrians, and require ample off street parking and off street loading space
Zone name
Commercial Automotive
General category
COMMERCIAL
Zone area
38.95 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Units
100
Rooms
4
Bathrooms
13
Lot
9.06 ac
Current owner
From public records · entity-resolved
Publix Super Markets INC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 407, LAKELAND, FL 33802-0407
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 18, 2023
$2,000,000
Publix Super Markets INC
Real Sub LLC
Special Warranty Deed
—
Aug 1, 2023
—
Real Sub LLC
Hammock Oaks Properties LLC
Quit Claim Deed
related
—
Aug 1, 2023
$2,000,000
Real Sub LLC
Hammock Oaks Properties LLC
Warranty Deed
—
Oct 20, 2011
—
Hammock Oaks Properties LLC
Karelas,william G & Christine
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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