404 140Th Ter Newberry, FL 32669
- Office buildings
- 13,289 SF
- 4.26 lot acres
Current Use by Public Records
- Office buildings
Property Details for 404 140Th Ter
- Year built
- 1995
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 4.26 lot acres
- Property size
- 13,289 SF
- Zone code
- BR
- Property type
- Office buildings
- APN
- 04344-005-008
- APU
- 4344005008
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,370,000
- 6.5%
- $1,355,000
- 7%
- $1,450,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,320,000
- Geo Method
- $1,700,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,460,000
- Retail
- $1,370,000
- Mixed-Use
- $1,535,000
- Hospitality
- $1,295,000
- Educational
- $1,425,000
- Residential Income
- $1,415,000
- Energy
- $1,420,000
- Income-Based Land
- $1,345,000
- Food Service
- $1,400,000
Location Insight
- Map
- Local Demand
- City
- Newberry
- County
- Alachua
- State
- Florida
- Longitude
- -82.4914
- Latitude
- 29.6497
- CBSA code
- 23540
- CBSA name
- GAINESVILLE, FL METROPOLITAN STATISTICAL AREA
