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Property profile & analytics
OFF-MARKET Estimated value $1,500,000
Office buildings

404 140th Ter Newberry, FL 32669-3654

13,289 SF 4.26 ac lot Built 1995
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-6042709
Property summary
AI-generated overview

Equilease Park in Newberry, Florida, offers a diverse range of office spaces for lease, ideal for businesses seeking flexible and modern accommodations. This 40,000 square foot property features multiple tenancy options, with suites ranging from 3,001 to 25,256 contiguous square feet, and a total of 33,868 square feet currently vacant. The property is undergoing a complete renovation, boasting six new suites in the main office building, each with a unique floor plan. Located in Alachua County, this prime location offers easy access to thriving businesses and amenities. Beyond the office space, the campus includes a chemically certified 8,612 square foot lab/warehouse building, adaptable for various uses, featuring nine labs, storage areas, and convenient shipping/receiving access. An additional open-air storage structure with a metal roof and fencing provides ample storage capacity. The property also includes 4.35 acres of land, plus a 1.38-acre paved and fenced parcel available for lease or purchase, perfect for outside storage or a lay-down yard. Lease rates for office space vary, with options for as-is interior spaces at $12.00 per square foot NNN, or fully renovated spaces at $21.50 per square foot NNN with $100 per square foot tenant improvement allowance. The lab/warehouse space is available for lease at $12.00 per square foot NNN. This exceptional property presents a unique opportunity for businesses seeking a versatile and well-located space in a thriving community. The address is 404 SW 140th Terrace, Newberry, FL 32669.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1995
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 13,289 SF
Lot 4.26 ac (185,566 SF)
Zoning code BR
APN 04344-005-008
UPID US18-6042709
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
$1.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.63M
Blend (final) Blend
$1.50M
Owner & transaction history
Jonesville Ventures LLC · 2 yrs held
Jonesville Ventures LLC
since 2024
Last sale
$1.5M
3 recorded transactions
2024
Price N/A
2024
$1.5M
1969
Price N/A
Zoning & alternative use
BR · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $2.4M +21.2%
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