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Property profile & analytics
OFF-MARKET
Office buildings
25117 1st Ave Newberry, FL 32669-3408
Individually Owned
1-yr Hold
Free & Clear
Property ID
US18-7450191
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1957
Total area
808 SF
Lot
0.18 ac (7,841 SF)
Zoning code
C-CBD
APN
02192-001-000
UPID
US18-7450191
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
Mervin L Hines · 1 yrs held
Mervin L Hines
since 2025
Last sale
$65,000
5 recorded transactions
Zoning & alternative use
C-CBD · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent that this district be applied only to that area which forms the city center for financial, commercial, governmental, professional, cultural, and associated activities. The intent of this district is to encourage the development of the central business district as a focal point for the community which provides the services for people to live,…
Zone name
Commercial Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
16.57 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
$1,396
Tax year 2023
Assessed value
$51,192
Assessed 2023
Previous assessed
$51,284
-0.2% YoY
Effective rate
2.73%
On assessed value
Assessed land
$15,682
Assessed improvement
$35,510
Land market value
$15,682
Improvement market value
$35,510
Total market value
$51,192
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
1957
Heating
CONVECTION
Cooling
WALL UNIT
Stories
1
Units
1
Bathrooms
1
Total area
808 SF
Lot
0.18 ac (7,841 SF)
Zoning code
C-CBD
APN
02192-001-000
UPID
US18-7450191
Jurisdiction
ALACHUA
Zoning & alternative use
C-CBD · Newberry, FLZoning C-CBD · permitted uses
C-CBD · 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 that this district be applied only to that area which forms the city center for financial, commercial, governmental, professional, cultural, and associated activities. The intent of this district is to encourage the development of the central business district as a focal point for the community which provides the services for people to live, work, and shop
Zone name
Commercial Central Business District
General category
CIVIC_INSTITUTIONAL
Zone area
16.57 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1957
Heating
CONVECTION
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
Mervin L Hines
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 87, NEWBERRY, FL 32669-0087
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2025
—
Mervin L Hines
Hines Electrical And Communication
Quitclaim Deed
related
—
Sep 16, 2005
$65,000
Electrical Hines
Fillyaw,roger N
Warranty Deed
$64,000 · Tri-county Bank
Sep 14, 2005
—
Owner Name Unavailable
Owner Name Unavailable
Quit Claim Deed
related
—
Dec 23, 2004
$15,000
Donald J Kelley
Kelley,donald J
Quit Claim Deed
related
—
May 27, 1999
$44,000
Roger N Fillyaw
Whittle,o D & Teresa
Grant Deed
$40,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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