404 140th Ter Newberry, FL 32669-3654
Property profile & analytics
404 140th Ter Newberry, FL 32669-3654
- Office buildings
- 13,289 SF
- 4.26 lot acres
Property ID
US18-6042709
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,500,000
- ML approach
- $1,500,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,631,000
Market price range: $691k - $1.82M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $2,005,000 Current use
- RETAIL STORES
- $2,430,000 Change: +21% Conversion: Moderate
- MEDICAL BUILDING
- $1,845,000 Change: -8% Conversion: Easy
- WAREHOUSE, STORAGE
- $1,645,000 Change: -18% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,031
$463,914
$1,828,450
$2,292,364
-
$463,914
$1,828,450
$2,292,364
