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Property profile & analytics
OFF-MARKET
High-rise multifamily apartments
205 County Rd 235 Newberry, FL 32669-2229
Entity Owned
Absentee Owner
Free & Clear
Property ID
US18-5137787
Property profile
Verified
Property type
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Year built
1982
Construction
WOOD
Total area
3,232 SF
Lot
9.86 ac (429,502 SF)
Zoning code
RMF-1
APN
01902-001-000
UPID
US18-5137787
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
by Request
Blend (final)
Blend
by Request
Owner & transaction history
NEWBERRY
NEWBERRY
Zoning & alternative use
RMF-1 · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of these districts to provide for residential areas of medium to high density and only when community potable water systems and centralized sanitary sewer systems are available and accessible, these zoning districts allow for a desirable variety of housing types together with public and semipublic buildings and facilities and accessory struc…
Zone name
Residential Multiple Family
General category
RESIDENTIAL
Zone area
24.40 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$38,857
Tax year 2023
Assessed value
$1,826,700
Assessed 2023
Previous assessed
$1,564,600
+16.8% YoY
Effective rate
2.13%
On assessed value
Assessed land
$249,130
Assessed improvement
$1,577,570
Land market value
$249,130
Improvement market value
$1,577,570
Total market value
$1,826,700
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
High-rise multifamily apartments
Use group
HIGH-RISE APARTMENTS
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
10
Stories
1
Units
37
Rooms
4
Bathrooms
10
Total area
3,232 SF
Lot
9.86 ac (429,502 SF)
Zoning code
RMF-1
APN
01902-001-000
UPID
US18-5137787
Jurisdiction
ALACHUA
Zoning & alternative use
RMF-1 · Newberry, FLZoning RMF-1 · permitted uses
RMF-1 · Newberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of these districts to provide for residential areas of medium to high density and only when community potable water systems and centralized sanitary sewer systems are available and accessible, these zoning districts allow for a desirable variety of housing types together with public and semipublic buildings and facilities and accessory structures as may be compatible with residential development
Zone name
Residential Multiple Family
General category
RESIDENTIAL
Zone area
24.40 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
10
Units
37
Rooms
4
Bathrooms
10
Lot
9.86 ac
Current owner
From public records · entity-resolved
NEWBERRY
Individual
Free & Clear · 0 yrs held
Mailing address
613 S 12TH ST, LEESBURG, FL 34748-5771
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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