304 140th Ter Newberry, FL 32669-5400
This exceptional 5,526 square foot office building, situated on a 0.92-acre lot in Newberry, Florida, presents a compelling investment opportunity. Built in 2000 and boasting a new roof installed in 2017, the property features a well-maintained two-story structure with a highly efficient layout. The first floor encompasses approximately 4,934 square feet, including a bright lobby with reception area, thirteen private offices of varying sizes, a spacious conference room, a kitchen/breakroom, two ADA-compliant restrooms (one with a walk-in shower), and ample storage. High-end finishes throughout the first floor include crown moldings, tile and luxury vinyl plank flooring, upgraded lighting, and plantation shutters. Two rooms currently configured as a salon with sinks and styling stations, plus a separate counter area with sink and cabinetry, offer versatile space. The second floor adds another 592 square feet, previously used as a call center, featuring multiple workstations and a supervisory office with a glass window overlooking the workspace. A significant advantage is the inclusion of a level 47' x 80' building pad, allowing for future expansion. The property benefits from ample on-site parking, prominent on-building signage, and convenient access to Newberry Road, I-75 (4.7 miles), and the amenities of West Gainesville and Jonesville. The property is zoned BR (Business, Retail Sales and Services), offering flexibility for various business types. This turnkey property is available immediately and represents a rare opportunity to acquire a well-maintained, versatile office building in a desirable location. The asking price is $1,100,000, with a price per square foot of $199.06. The Alachua County APN is 04344-005-001.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
BR · Newberry, FLCosts & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.