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Property profile & analytics
OFF-MARKET
Office buildings
Newberry, FL 32669
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US18-7484543
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Lot
3.03 ac (131,987 SF)
Zoning code
A
APN
02516-004-001
UPID
US18-7484543
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
Thee Mine INC · 1 yrs held
Thee Mine INC
since 2024
Last sale
$50,000
3 recorded transactions
Zoning & alternative use
A · Newberry, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The Agricultural category includes one zone district a Lands in this district are intended to provide for areas primarily consisting of agricultural and residential uses consistent with the areas as designated agricultural within the city Comprehensive Plan
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
33,820.88 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
$144
Tax year 2023
Assessed value
$6,607
Assessed 2023
Previous assessed
$6,785
-2.6% YoY
Effective rate
2.18%
On assessed value
Land market value
$3,000
Improvement market value
$61,207
Total market value
$64,207
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
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Heating
NONE
Lot
3.03 ac (131,987 SF)
Zoning code
A
APN
02516-004-001
UPID
US18-7484543
Jurisdiction
ALACHUA
Zoning & alternative use
A · Newberry, FLZoning A · permitted uses
A · Newberry, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The Agricultural category includes one zone district a Lands in this district are intended to provide for areas primarily consisting of agricultural and residential uses consistent with the areas as designated agricultural within the city Comprehensive Plan
Zone name
Agricultural
General category
RESIDENTIAL
Zone area
33,820.88 ac
Source
Realmo
Building & site characteristics
From public records
Heating
NONE
Lot
3.03 ac
Current owner
From public records · entity-resolved
Thee Mine INC
Entity
Free & Clear · 1 yrs held
Mailing address
1709 SW 298TH ST, NEWBERRY, FL 32669-6305
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2024
$60,000
Thee Mine INC
Joey D Langford II
Warranty Deed
—
Jun 14, 2016
—
Joey D Langford
—
Trustees Deed
related
$150,000 · Farm Credit Svcs
May 15, 2015
—
Joey D Langford
—
Trustees Deed
related
$150,000 · Farm Credit Svcs
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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