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Property profile & analytics
OFF-MARKET
Office buildings
24500 Doc Karelas Dr Newberry, FL 32669-3217
Individually Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4774182
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,862 SF
Lot
1.14 ac (49,658 SF)
Zoning code
CI
APN
01934-001-001
UPID
US18-4774182
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
Laura Javidi · 6 yrs held
Laura Javidi
since 2019
7 recorded transactions
Zoning & alternative use
CI · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district is intended for intensive, highly automotive oriented uses that require a conspicuous and accessible location convenient to streets carrying large volumes of traffic. Such activities generally require large land areas, do not cater directly in appreciable degree to pedestrians, and require ample off street parking and off street loading space
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
213.66 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
$4,440
Tax year 2023
Assessed value
$179,609
Assessed 2023
Previous assessed
$181,580
-1.1% YoY
Effective rate
2.47%
On assessed value
Assessed land
$14,250
Assessed improvement
$165,359
Land market value
$14,250
Improvement market value
$165,359
Total market value
$179,609
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
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Units
100
Rooms
6
Bathrooms
3
Total area
2,862 SF
Lot
1.14 ac (49,658 SF)
Zoning code
CI
APN
01934-001-001
UPID
US18-4774182
Jurisdiction
ALACHUA
Zoning & alternative use
CI · Newberry, FLZoning CI · permitted uses
CI · 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 intensive, highly automotive oriented uses that require a conspicuous and accessible location convenient to streets carrying large volumes of traffic. Such activities generally require large land areas, do not cater directly in appreciable degree to pedestrians, and require ample off street parking and off street loading space
Zone name
Commercial Intensive
General category
COMMERCIAL
Zone area
213.66 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1958
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
6
Bathrooms
3
Lot
1.14 ac
Current owner
From public records · entity-resolved
Laura Javidi
Individual
Free & Clear · 6 yrs held
Mailing address
934 E WADE ST, TRENTON, FL 32693-3327
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
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
Dec 16, 2022
—
William B Smith
—
Deed
related
$500,000 · Brad Smith Companies INC
Oct 7, 2019
$100
Laura Javidi
Andrew J Karelas
Correction Deed
related
—
May 27, 2016
$180,000
William B Smith
Bruce Langford
Warranty Deed
$290,000 · Capital City Bank
Jun 7, 2013
$110,000
Bruce Langford
Karelas,andrew J Coc
Trustees Deed
related
—
Oct 3, 2012
$67,500
Bruce Langford
Karelas,william G
Warranty Deed
—
Dec 20, 2007
—
William G Karelas
Karelas,william G
Quit Claim Deed
related
—
Aug 31, 2007
—
William G Karelas
Karelas,william G
Quit Claim Deed
related
$135,000 · Bruce Langford
—
—
Andrew J Karelas
—
Deed Of Trust
related
$300,000 · Turner & Hodge LLP
—
—
Andrew Joseph Karelas
—
Deed Of Trust
related
$175,000 · Laura Javidi
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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