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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24505 Newberry Ln Newberry, FL 32669

    • Day care centers
    • 2,535 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3692709
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Day care centers

    Property Details for 24505 Newberry Ln

    Year built
    1900
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    6.00 lot acres
    Property size
    2,535 SF
    Zone code
    RSF-1
    Property type
    Day care centers
    APN
    01935-000-000
    APU
    1935000000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Alternative Use

      Use
      Estimation
      COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
      $265,000
      Current use
      AUTO REPAIR, GARAGE
      $415,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $325,000
      Change: +22% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $290,000
      Change: +8% Conversion: Difficult
      MEDICAL BUILDING
      $250,000
      Change: -7% Conversion: Difficult
      OFFICE BUILDING
      $225,000
      Change: -15% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newberry
    County
    Alachua
    State
    Florida
    Longitude
    -82.6022
    Latitude
    29.6535
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $48,000
    $80,880
    $128,880
    -
    $48,000
    $80,880
    $128,880

    Comparable in this City

    • Value Estimation
      $225,000
      5,988 SF

      21805 Newberry Rd

      DAY CARE, PRE-SCHOOL • 5,988 SF
      21805 Newberry Rd, Newberry, FL 32669-2231
      View Details
    • Value Estimation by Request
      1,508 SF

      24809 Newberry Rd

      Churches & religious facilities • 1,508 SF
      24809 Newberry Rd, Newberry, FL 32669
      View Details
    • Value Estimation
      $275,000
      620 SF

      24621 Doc Karelas Dr

      DAY CARE, PRE-SCHOOL • 620 SF
      24621 Doc Karelas Dr, Newberry, FL 32669-3219
      View Details
    • Value Estimation
      $265,000
      6,294 SF

      420 250th St

      DAY CARE, PRE-SCHOOL • 6,294 SF
      420 250th St, Newberry, FL 32669-4471
      View Details
    • Value Estimation
      $345,000
      5,948 SF

      120 130th Way

      DAY CARE, PRE-SCHOOL • 5,948 SF
      120 130th Way, Newberry, FL 32669-3262
      View Details
    • Value Estimation by Request
      2.82 Acres

      Newberry, FL 32669

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2.82 Acres
      Newberry, FL 32669
      View Details

    Similar Nearby for Sale

    • $600,000
      1.32 Acres

      Approved Day Care Facility Opportunity

      1.32 acre lot near Newberry, Florida, suitable for daycare.
      24621 Doc Karelas Dr, Newberry, FL 32669
      View Details
    • $350,000

      10-Acre Wooded Property in Newberry, FL

      Secluded, fenced 10-acre parcel; endless possibilities.
      0 67Th Ave, Newberry, FL 32669
      View Details
    • $1,100,000
      5,526 SF

      Newberry Office Building - $1.1M

      5,526 SF Office, Prime Location
      304 140Th Ter, Newberry, FL 32669
      View Details
    • $3,000,000
      10.24 Acres

      Newberry Road Commercial Land

      10.24 Acres, High-Visibility Location
      20785 Newberry Rd, Newberry, FL 32669
      View Details
    • $1,750,000
      1.20 Acres

      Jonesville Crossing: Two Commercial Lots

      Prime Newberry, FL Land: $1.75M
      14403 Newberry Rd, Newberry, FL 32669
      View Details
    • $280,000
      5.00 Acres

      Newberry Land in Gated Community

      5+ acre lots in a gated, horse-friendly community near amenities.
      SW 220 Dr, Newberry, FL 32669
      View Details

    Similar Nearby for Lease

    • $3,000 /Mo
      2,042 SF

      Newberry School/Daycare Opportunity

      Well-located property suited for educational, childcare, or community-oriented uses.
      24621 Doc Karelas Dr, Newberry, FL 32669
      View Details
    • Contact for pricing
      1 SF

      Newberry Road Commercial Land

      2-Acre Pad-Ready Retail Site in Florida
      14623 Newberry Rd, Newberry, FL 32669
      View Details
    • Contact for pricing
      1,295 SF

      Retail Space in Newberry, FL

      Retail space available in a busy shopping center.
      14130 W Newberry Rd, Newberry, FL 32669
      View Details
    • $25 SF/Yr
      3,125 SF

      New Office Space Available

      New office suites for lease in growing Newberry location.
      SW 15Th Ave, Newberry, FL 32669
      View Details
    • $42,000

      Newberry Commercial Building For Rent

      Downtown commercial building with high visibility and ample parking.
      25740 W Newberry Rd, Newberry, FL 32669
      View Details
    • $36,000

      Downtown Newberry Retail Opportunity

      3,000 SF retail space with parking in downtown Newberry.
      145 NW 257Th St, Newberry, FL 32669
      View Details
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    24505 Newberry Ln
    Newberry, FL 32669
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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