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    12311 Newberry Rd Newberry, FL 32669-2703
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    Property profile & analytics

    12311 Newberry Rd, Newberry, FL 32669-2703

    View on Map
    • Hospitals
    • 10,800 SF
    • 2.08 lot acres
    Off-Market
    Property ID
    US18-1958416
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,895,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hospitals

    Property Details for 12311 Newberry Rd

    Year built
    2017
    Construction
    STEEL FRAME
    Lot size
    2.08 lot acres
    Zone code
    PD
    Property type
    Hospitals
    APN
    04336-000-000
    APU
    4336000000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 26, 2016 $1,700,000 North Florida Regional Medical Parker 26 LLC Grant Deed —
    Apr 29, 2011 $209,700 Parker 26 LLC Girouard,stacy P & Kristin A Warranty Deed —
    Feb 13, 2009 — Stacy P Girouard Girouard,stacy P Quit Claim Deed · related —
    Jan 25, 2005 $302,500 Stacy P Girouard Norton,james W Warranty Deed $250k · James W Norton
    — — Parker 26 LLC — Deed Of Trust · related $25k · C & C Properties & Invs LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,265,000
      6.5%
      $2,090,000
      7%
      $1,940,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,009,000
      Market price range: $1.12M - $2.01M
      AI Estimate
      $1,588,000
      Market price range: $557k - $1.59M

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $1,500,000
      Current use
      RESTAURANT
      $2,990,000
      Change: +100% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,070,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $1,975,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $1,630,000
      Change: +9% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,335,000
      Change: -11% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Alachua
    State
    Florida
    Longitude
    -82.4731
    Latitude
    29.6592
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,035
    $1,359,072
    $2,518,125
    $3,877,197
    -
    $1,359,072
    $2,518,125
    $3,877,197

    Comparable in this City

    • Value Estimation
      $720,000
      4,100 SF

      128 137th Dr

      HOSPITAL - PRIVATE
      128 137th Dr, Newberry, FL 32669-2667
      View Details
    • Value Estimation by Request
      110,221 SF

      13085 1St Ave

      Medical Office Space
      13085 1St Ave, Newberry, FL 32669
      View Details
    • Value Estimation
      $650,000
      3,000 SF

      16245 Newberry Rd

      MEDICAL BUILDING
      16245 Newberry Rd, Newberry, FL 32669-3919
      View Details
    • Value Estimation
      $755,000
      3,313 SF

      15318 Newberry Rd

      MEDICAL BUILDING
      15318 Newberry Rd, Newberry, FL 32669-2879
      View Details
    • Value Estimation by Request
      6.00 Acres

      Newberry, FL 32669

      HOMES (RETIRED, NURSING)
      Newberry, FL 32669
      View Details
    • Value Estimation
      $800,000
      1.00 Acre

      Newberry, FL 32669

      HOMES (RETIRED, NURSING)
      Newberry, FL 32669
      View Details

    Similar Nearby for Sale

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      Prime Commercial Land Opportunity

      Two parcels available for retail, office, or medical development.
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    • $195,000
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    • $150,000
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      Residential land for sale in a convenient Newberry location.
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    • $600,000
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      Approved Day Care Facility Opportunity

      1.32 acre lot near Newberry, Florida, suitable for daycare.
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    • Contact for pricing
      8,375 SF

      Retail Space on Newberry Road

      8,300+ SF retail space in Tioga Market.
      14451 W Newberry Rd, Newberry, FL 32669
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      14209 W Newberry Rd, Newberry, FL 32669

      Bars & Pubs
      14209 W Newberry Rd, Newberry, FL 32669
      View Details
    • $12 SF/Yr

      Renovated Office Space in Jonesville

      Redeveloped office and lab space in a serene park.
      404 Southwest 140Th Ter, Newberry, FL 32669
      View Details
    • Contact for pricing
      1,760 SF

      Medical Space in Tioga Town

      1,760 SF fully built-out medical space available for rent.
      12921 SW 1St Rd, Newberry, FL 32669
      View Details
    • Contact for pricing
      2,018 SF

      Medical Office Space Available

      2,018 SF medical office space in Tioga Town Center.
      133 SW 130Th Way, Newberry, FL 32669
      View Details
    • Contact for pricing

      Land for Lease in Jonesville

      Land available for ground lease or build to suit.
      13993 W Newberry Rd, Newberry, FL 32669
      View Details
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    Newberry, FL 32669-2703
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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
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