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Property profile & analytics
OFF-MARKET
Estimated value
$1,255,000
Outlet malls
25150 Newberry Rd, Newberry, FL 32669
Entity Owned
5-yr Hold
Free & Clear
Property ID
US18-0627490
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
9,070 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C-CBD
APN
02193-000-000
UPID
US18-0627490
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
$1.30M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
$980k
Blend (final)
Blend
$1.26M
Owner & transaction history
Family Spartanburg LLC · 5 yrs held
Family Spartanburg LLC
since 2020
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
C-CBD · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$1.7M
+4.8%
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
$1,215,000
ML approach
$1,300,000
CAP Approach
CAP Return
Estimation
6%
$1,650,000
6.5%
$1,525,000
7%
$1,415,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,660,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,740,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$1,370,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.26M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Dec 22 2020)
Last sale anchor
$1.25M
Dec 22 2020
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
$138 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$12,434
Tax year 2023
Assessed value
$616,493
Assessed 2023
Previous assessed
$377,263
+63.4% YoY
Effective rate
2.02%
On assessed value
Assessed land
$313,632
Assessed improvement
$302,861
Land market value
$313,632
Improvement market value
$302,861
Total market value
$616,493
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
100
Rooms
12
Bathrooms
8
Total area
9,070 SF
Lot
0.72 ac (31,363 SF)
Zoning code
C-CBD
APN
02193-000-000
UPID
US18-0627490
Jurisdiction
ALACHUA
Zoning & alternative use
C-CBD · Newberry, FL
Zoning 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
Newberry. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.4M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE 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
1982
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
100
Rooms
12
Bathrooms
8
Lot
0.72 ac
Current owner
From public records · entity-resolved
Family Spartanburg LLC
Entity
Free & Clear · 5 yrs held
Mailing address
20900 NE 30TH AVE STE #835, AVENTURA, FL 33180-2165
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2020
$1,250,000
Family Spartanburg LLC
Razvi Enterprises LLC
Warranty Deed
—
Oct 13, 2017
—
Concept Dev INC
—
Loan Modification
related
$6,626,546 · Summit Bk
Oct 20, 2016
—
Concept Dev INC
—
Deed
related
$2,345,072 · Summit Bk
Sep 26, 2016
$500,000
Concept Dev INC
Kb Newberry LLC
Grant Deed
—
Aug 7, 2007
$425,000
Kb Newberry LLC
Johnson,tony D & Charlotte H
Warranty Deed
—
Dec 23, 2004
$15,000
Donald J Kelley
Kelley,donald J
Quit Claim Deed
related
—
Aug 1, 2000
$250,000
Tony D Johnson
Norfleet Construction Co
Grant Deed
$200,000 · Seller
—
—
Concept Dev INC
—
Loan Modification
related
$2,345,072 · Summit 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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