315 138th Ter Newberry, FL 32669-2794
This exceptional 5,095 square foot, single-story office building in Newberry, Florida, is available for $975,000. Located at 315 NW 138th Terrace in the rapidly growing Jonesville area, this Class B, owner-occupied property boasts a versatile floor plan ideal for a single tenant or multiple businesses. Built in 2004 with significant renovations in 2013, 2020, and 2021, the building features a reception area, seven to eight offices, a central design and production center, a conference room with built-in storage, and a unique lab area. Additional amenities include a large (1000+ sq ft) partially cooled attic for storage, a 2013 metal roof, three newer HVAC systems (2013, 2020, and 2021 with dehumidifiers), fiber internet, CAT 5 cabling, and a kitchen with refrigerator, range, microwave, and dishwasher. Three aesthetically designed entrances offer flexibility for multiple tenants. The property also includes a hidden IT room with mini-split AC, three bathrooms (one pre-plumbed for a shower), abundant parking, and a fantastic location within walking distance of shopping and restaurants. The 0.12-acre lot is zoned PD. The current owner/tenant will vacate prior to closing. Furnishings are negotiable. This is a 100% occupied, single-unit property.
The Planned Development (PD) district encourages innovative development design in conformance with the provisions of the objectives and policies City of Newberry Comprehensive Plan, especially as they relate to the designated urban service area and provisions to prevent urban sprawl
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
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Property description
Physical attributes from public recordsZoning & alternative use
PD · Newberry, FLThe Planned Development (PD) district encourages innovative development design in conformance with the provisions of the objectives and policies City of Newberry Comprehensive Plan, especially as they relate to the designated urban service area and provisions to prevent urban sprawl
Costs & 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.