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

    15318 Newberry Rd Newberry, FL 32669-2879

    • Medical offices
    • 3,313 SF
    • 2.71 lot acres
    OFF-MARKET
    Last Sale
    Jun 29, 2023
    $775,000
    Value Estimations
    $710,000
    Show details
    Cap Rate Potential
    5.7%
    Medical offices
    Location Intelligence
    Property ID
    US18-6276491
    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.

    Current Use by Public Records

    • Medical offices

    Property Details for 15318 Newberry Rd

    Year built
    2000
    Construction
    WOOD
    Lot size
    2.71 lot acres
    Property size
    3,313 SF
    Zone code
    A
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    04303-003-001
    APU
    4303003001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $730,000
      ML approach
      $745,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $695,000
      6.5%
      $640,000
      7%
      $595,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $460,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $635,000
      Change: +38% Conversion: Difficult
      RETAIL STORES
      $605,000
      Change: +32% Conversion: Difficult
      OFFICE BUILDING
      $500,000
      Change: +9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Alachua
    State
    Florida
    Longitude
    -82.5058
    Latitude
    29.6546
    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
    $4,930
    $135,500
    $93,100
    $228,600
    -
    $135,500
    $93,100
    $228,600

    Comparable in this City

    • Value Estimation
      $265,000
      1,407 SF

      12 250th St

      MEDICAL BUILDING • 1,407 SF
      12 250th St, Newberry, FL 32669-3431
      View Details
    • Value Estimation
      $615,000
      3,000 SF

      16245 Newberry Rd

      MEDICAL BUILDING • 3,000 SF
      16245 Newberry Rd, Newberry, FL 32669-3919
      View Details
    • Value Estimation
      $210,000
      6,112 SF

      13820 Newberry Rd Ste, Unit 100

      MEDICAL BUILDING • 6,112 SF
      13820 Newberry Rd Ste, Newberry, FL 32669-2093
      View Details
    • Value Estimation by Request
      300 SF

      47 165th St

      MEDICAL BUILDING • 300 SF
      47 165th St, Newberry, FL 32669-3117
      View Details
    • Value Estimation
      $315,000
      1,836 SF

      175 138th Ter Ste, Unit 200

      MEDICAL BUILDING • 1,836 SF
      175 138th Ter Ste, Newberry, FL 32669-2091
      View Details
    • Value Estimation
      $210,000
      1,320 SF

      17010 Newberry Rd

      MEDICAL BUILDING • 1,320 SF
      17010 Newberry Rd, Newberry, FL 32669-2102
      View Details

    Similar Nearby for Sale

    • $1,100,000
      5,526 SF

      Newberry Office Building - $1.1M

      5,526 SF Office, Prime Location
      304 140Th Ter, Newberry, FL 32669
      View Details
    • $975,000
      5,526 SF

      West Gainesville Office Building For Sale

      Well-maintained 5,526 SF office building in Jonesville's Equilease Park.
      304 SW 140Th Ter, Newberry, FL 32669
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    • $895,000
      8,925 SF

      Newberry Office Campus - Prime Location

      Three-building campus, 27,000+ sq ft, 1.35 acres
      418 140Th Ter, Newberry, FL 32669
      View Details
    • $1,000,000
      18,295 SF

      Prime Newberry Auto Body Shop

      High-traffic location, established business
      52 250Th St, Newberry, FL 32669
      View Details
    • $314,900
      3.12 Acres

      Kingston Homesite in Newberry, Florida

      3-acre wooded lot in Gainesville's Kingston community.
      2527 NW 150 Blvd, Newberry, FL 32669
      View Details
    • $565,000
      1,271 SF

      Newberry Industrial Property on 1.63 Acres

      Well-maintained industrial building on 1.63 acres, Newberry, Florida.
      873 State Road 45, Newberry, FL 32669
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      110,221 SF

      Tioga Town Center: Medical & Retail

      Newberry, FL: Prime Medical Office Space
      13085 1St Ave, Newberry, FL 32669
      View Details
    • $4,746 /Mo
      3,589 SF

      Medical Office Space in Newberry

      Well-maintained medical office space in a growing area.
      212 NW 135Th Way, 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
    • New
      $25 SF/Yr
      3,915 SF

      New Office Space in Newberry

      New construction office suite in a rapidly growing area.
      13577 NW 2Nd Ln, Newberry, FL 32669
      View Details
    • $12 SF/Yr
      40,000 SF

      Equilease Park Office Suites

      Newberry, FL Office Space Available
      404 140Th Ter, Newberry, FL 32669
      View Details
    • $25 SF/Yr
      3,125 SF

      New Office Space Available

      New office suites for lease in growing Newberry location.
      SW 15Th Ave, Newberry, FL 32669
      View Details
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    15318 Newberry Rd
    Newberry, FL 32669-2879
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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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