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Property profile & analytics
FOR SALE
Refrigerated & Cold Storage
98 NW 254Th St Newberry, FL 32669
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-4207260
For Sale
1 / 23
$230,000
98 NW 254Th St, Newberry, FL 32669
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Property profile
Verified
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,168 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RSF-2
APN
02173-000-000
UPID
US18-4207260
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
State Of Florida · 1 yrs held
State Of Florida
since 2024
Last sale
$85,000
4 recorded transactions
Zoning & alternative use
RSF-2 · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is the intent of these districts to provide for single family areas of low to medium density together with public and semipublic buildings and facilities and accessory structures as may be desirable and compatible with such development, as well as surrounding development, nonresidential uses in these districts may be subject to restrictions and requiremen…
Zone name
Residential Single Family
General category
RESIDENTIAL
Zone area
449.41 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Newberry submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newberry submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$874
Tax year 2023
Assessed value
$26,936
Assessed 2023
Previous assessed
$26,542
+1.5% YoY
Effective rate
3.24%
On assessed value
Assessed land
$24,394
Assessed improvement
$2,542
Land market value
$24,394
Improvement market value
$2,542
Total market value
$26,936
Applied tax rate
8,700.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Refrigerated & Cold Storage
Use group
COLD STORAGE
Status
For Sale
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
NONE
Stories
1
Units
100
Rooms
1
Bathrooms
3
Total area
2,168 SF
Lot
0.28 ac (12,197 SF)
Zoning code
RSF-2
APN
02173-000-000
UPID
US18-4207260
Jurisdiction
ALACHUA
Zoning & alternative use
RSF-2 · Newberry, FLZoning RSF-2 · permitted uses
RSF-2 · Newberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is the intent of these districts to provide for single family areas of low to medium density together with public and semipublic buildings and facilities and accessory structures as may be desirable and compatible with such development, as well as surrounding development, nonresidential uses in these districts may be subject to restrictions and requirements necessary to preserve and protect the single family residential character of these districts
Zone name
Residential Single Family
General category
RESIDENTIAL
Zone area
449.41 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Units
100
Rooms
1
Bathrooms
3
Lot
0.28 ac
Current owner
From public records · entity-resolved
State Of Florida
Individual
Free & Clear · 1 yrs held
Mailing address
21127 SW 15TH AVE, NEWBERRY, FL 32669-3207
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 7, 2024
—
State Of Florida
I S Property Holidngs LLC
Warranty Deed
—
Aug 11, 2021
$85,000
I S Property Holdings LLC
Stephen Etheridge
Warranty Deed
—
May 21, 2020
—
Stephen Etheridge
Sanford Roberts
Quit Claim Deed
related
—
—
—
H S Roberts
—
Deed Of Trust
related
$36,102 · Republic Security Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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