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Property profile & analytics
OFF-MARKET
Drive through restaurants
22 258th St Newberry, FL 32669-4133
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US18-7826375
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1920
Total area
1,192 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CN
APN
02272-000-000
UPID
US18-7826375
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
Hedges Holdings LLC · 2 yrs held
Hedges Holdings LLC
since 2024
Last sale
$300,000
7 recorded transactions
Zoning & alternative use
CN · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of this district to provide for small scale retail and service developments which serve the convenience needs of a limited population or geographic area (such as, a neighborhood). In accordance with the Comprehensive Plan, this district is not intended to accommodate major or large scale commercial or service activities
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
11.48 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
$3,578
Tax year 2023
Assessed value
$155,552
Assessed 2023
Previous assessed
$155,552
+0.0% YoY
Effective rate
2.30%
On assessed value
Assessed land
$69,696
Assessed improvement
$85,856
Land market value
$69,696
Improvement market value
$85,856
Total market value
$155,552
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1920
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
1,192 SF
Lot
0.16 ac (6,970 SF)
Zoning code
CN
APN
02272-000-000
UPID
US18-7826375
Jurisdiction
ALACHUA
Zoning & alternative use
CN · Newberry, FLZoning CN · permitted uses
CN · 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 this district to provide for small scale retail and service developments which serve the convenience needs of a limited population or geographic area (such as, a neighborhood). In accordance with the Comprehensive Plan, this district is not intended to accommodate major or large scale commercial or service activities
Zone name
Commercial Neighborhood
General category
COMMERCIAL
Zone area
11.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
Hedges Holdings LLC
Entity
Mailing address
5220 NW 26TH PL, GAINESVILLE, FL 32606-6416
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 29, 2024
$300,000
Hedges Holdings LLC
Caerus International INC
Warranty Deed
$240,000 · Bank Of America NA
Dec 19, 2022
—
Bulko Holdings INC
—
Deed
related
$100,000 · Wauchula State Bank
Jan 10, 2020
$145,000
Bulko Holdings INC
Todd Carson
Warranty Deed
$100,000 · Austin Quinn Capital LLC
Nov 7, 2014
—
Todd Carson
Suwannee Bend Services LLC
Quit Claim Deed
related
—
May 18, 2006
$172,000
Suwannee Bend Services LLC
Rahman,habib
Warranty Deed
$138,696 · Drummond Community Bank
Sep 27, 2005
$122,500
Habib Rahman
Page,roger
Warranty Deed
$98,000 · Capital City Bank
Aug 31, 1999
$37,000
Roger Page
Newman,lottie L
Grant Deed
—
—
—
Lottie L Newman
—
Deed Of Trust
related
$4,158 · Bankers First Mortgage
—
—
Habib Rahman
—
Deed Of Trust
related
$100,000 · Capital City Bank
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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