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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Office buildings
19518 Newberry Rd Newberry, FL 32669-2180
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US18-0282313
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,004 SF
Lot
4.86 ac (211,702 SF)
Zoning code
A
APN
04265-008-000
UPID
US18-0282313
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$798k
Blend (final)
Blend
$795k
Owner & transaction history
Store Master Funding Xi LLC · 9 yrs held
Store Master Funding Xi LLC
since 2016
7 recorded transactions
Zoning & alternative use
A · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Agricultural category includes one zone district a Lands in this district are intended to provide for areas primarily consisting of agricultural and residential uses consistent with the areas as designated agricultural within the city Comprehensive Plan
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
33,820.88 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,210,000
Current use
MEDICAL BUILDING
$1,110,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$990,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±10%
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
$99 / 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
$16,813
Tax year 2023
Assessed value
$645,675
Assessed 2023
Previous assessed
$653,457
-1.2% YoY
Effective rate
2.60%
On assessed value
Assessed land
$175,800
Assessed improvement
$469,875
Land market value
$175,800
Improvement market value
$469,875
Total market value
$645,675
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Stories
1
Units
100
Rooms
18
Bathrooms
24
Total area
8,004 SF
Lot
4.86 ac (211,702 SF)
Zoning code
A
APN
04265-008-000
UPID
US18-0282313
Jurisdiction
ALACHUA
Zoning & alternative use
A · Newberry, FLZoning A · permitted uses
A · Newberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Agricultural category includes one zone district a Lands in this district are intended to provide for areas primarily consisting of agricultural and residential uses consistent with the areas as designated agricultural within the city Comprehensive Plan
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
33,820.88 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$990,000
OFFICE BUILDING Current
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
100
Rooms
18
Bathrooms
24
Lot
4.86 ac
Current owner
From public records · entity-resolved
Store Master Funding Xi LLC
Entity
Mailing address
5130 UNIVERSITY BLVD W, JACKSONVILLE, FL 32216-5940
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2016
$234,610
Store Master Funding Xi LLC
Apr Re Gainesville LLC
Special Warranty Deed
—
Jun 28, 2016
—
Pet Paradise-gainesville Re Ll
Pet Paradise-gainesville LLC
Quit Claim Deed
related
—
Apr 26, 2007
$535,000
Pet Paradise-gainesville LLC
Girouard,stacy P & Kristin A
Warranty Deed
$175,000 · Stacy P & Kristin A Girouard
Aug 8, 2005
$275,000
Stacy P Girouard
Eva G Copley
Warranty Deed
$140,000 · Suntrust Mortgage INC
—
—
Suzanne E Copley
—
Deed Of Trust
related
$105,984 · First Union National Bank
—
—
Pet Paradise-gainesville LLC
—
Deed Of Trust
related
$1,365,000 · Bank Of North Florida
—
—
Pet Paradise-gainesville LLC
—
Deed Of Trust
related
$1,736,000 · Fifth Third Bk
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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