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Property profile & analytics
OFF-MARKET
Estimated value
$1,565,000
Warehouses
22121 Newberry Rd Newberry, FL 32669-2205
Entity Owned
9-yr Hold
Property ID
US19-0751305
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2019
Construction
STEEL FRAME
Total area
13,200 SF
Lot
12.04 ac (524,462 SF)
Zoning code
CN
APN
01924-010-001
UPID
US19-0751305
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
$1.49M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.57M
Owner & transaction history
Bella Rue LLC · 9 yrs held
Bella Rue LLC
since 2017
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
Top alternative use upside
Neighborhood: shopping center
$2.5M
+55.1%
Retail stores
$2.4M
+48.0%
Office building
$2.0M
+22.1%
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%
$1,605,000
6.5%
$1,485,000
7%
$1,380,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,630,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,530,000
Change: +55% · Conversion: Moderate
RETAIL STORES
$2,415,000
Change: +48% · Conversion: Moderate
OFFICE BUILDING
$1,995,000
Change: +22% · Conversion: Difficult
MEDICAL BUILDING
$1,830,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$1.57M
Range $1.41M – $1.72M · ±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
$119 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$378,406
Tax year 2022
Assessed value
$3,994,200
Assessed 2023
Previous assessed
$2,368,100
+68.7% YoY
Effective rate
9.47%
On assessed value
Assessed land
$381,818
Assessed improvement
$3,612,382
Land market value
$381,818
Improvement market value
$3,612,382
Total market value
$3,994,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
7
Stories
1
Bathrooms
5
Total area
13,200 SF
Lot
12.04 ac (524,462 SF)
Zoning code
CN
APN
01924-010-001
UPID
US19-0751305
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.8M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
MEDICAL BUILDING
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
7
Bathrooms
5
Lot
12.04 ac
Current owner
From public records · entity-resolved
Bella Rue LLC
Entity
Mailing address
22211 W NEWBERRY RD, NEWBERRY, FL 32669-2205
Ownership since
2017
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
May 13, 2025
—
Bella Rue LLC
—
Deed
related
$425,000 · Radiant Cu
Oct 5, 2018
—
Bella-rue LLC
—
Deed
related
$500,000 · Columbia Bk
Apr 16, 2018
—
Bella Rue LLC
—
Deed
related
$1,763,343 · Columbia Bank
Jul 20, 2017
$350,000
Bella Rue LLC
Tibbetts Land LLC
Special Warranty Deed
—
Dec 16, 2003
$325,000
Tibbetts Land LLC
Flanagan,shelley
Grant Deed
$150,000 · Shelley Flanagan
—
—
Stephen M Flanagan
—
Deed Of Trust
related
$204,750 · First National Bank Alachua
—
—
Bella-rue LLC
—
Deed Of Trust
related
$500,000 · Columbia 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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