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Property profile & analytics
OFF-MARKET
Specialty properties
22405 Newberry Rd Newberry, FL 32669-2205
Individually Owned
2-yr Hold
Free & Clear
Property ID
US18-0661738
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
2002
Construction
WOOD
Total area
4,094 SF
Lot
3.48 ac (151,589 SF)
Zoning code
CG
APN
01924-008-005
UPID
US18-0661738
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
Marcus A Milam III · 2 yrs held
Marcus A Milam III
since 2023
Last sale
$150,000
4 recorded transactions
Zoning & alternative use
CG · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended for general retail commercial, office and service activities which serve a market area larger than a neighborhood and which are located within a community potable water and centralized sanitary sewer system service area. While some of the same types of uses are found in CN areas, the CG areas are generally greater in scale and inten…
Zone name
Commercial General
General category
COMMERCIAL
Zone area
29.49 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
$12,806
Tax year 2023
Assessed value
$888,541
Assessed 2023
Previous assessed
$333,562
+166.4% YoY
Effective rate
1.44%
On assessed value
Assessed land
$730,800
Assessed improvement
$157,741
Land market value
$730,800
Improvement market value
$157,741
Total market value
$888,541
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
8
Bathrooms
10
Total area
4,094 SF
Lot
3.48 ac (151,589 SF)
Zoning code
CG
APN
01924-008-005
UPID
US18-0661738
Jurisdiction
ALACHUA
Zoning & alternative use
CG · Newberry, FLZoning CG · permitted uses
CG · Newberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district is intended for general retail commercial, office and service activities which serve a market area larger than a neighborhood and which are located within a community potable water and centralized sanitary sewer system service area. While some of the same types of uses are found in CN areas, the CG areas are generally greater in scale and intensity
Zone name
Commercial General
General category
COMMERCIAL
Zone area
29.49 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2002
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
8
Bathrooms
10
Lot
3.48 ac
Current owner
From public records · entity-resolved
Marcus A Milam III
Individual
Free & Clear · 2 yrs held
Mailing address
2125 NW 7TH TER, GAINESVILLE, FL 32609-3588
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2023
—
Marcus A Milam III
Marcus A Milam III
Intrafamily Transfer
related
—
Apr 21, 2005
—
Marcus A Milam III
Maye,karle A & Betty
Quit Claim Deed
related
—
May 24, 2001
$150,000
Marcus A Milam
Maye,karle A & Betty
Grant Deed
$150,000 · First National Bank Alachua
—
—
Marcus A Milam III
—
Deed Of Trust
related
—
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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