Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    125 NW 23Rd Ave Gainesville, FL 32609

    Sponsored
    For Lease
    $1,500 /Mo ($0.57 SF/Yr)

    Retail - GAINESVILLE, FL

    Type:Retail
    Property size:
    31,375 SF
    Lot size:
    2.45 Acres
    Days on Market:
    2
    Last Refresh:
    Jan 30 at 2:06 am

    Property Features for 125 NW 23Rd Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    PD
    APN
    09989-003-001
    Size
    31,375 SF
    Lot size
    2.45 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1984
    Building materials
    Concrete
    Architectural style
    Other

    We can help!

    Listing Contact
    Daryus Boyd

    Bosshardt Realty Services, LLC (352) 371-6100

    Listing agent Daryus Boyd (352) 371-6100 License #3648942

    Listing date Jan 29, 2026

    MLS# GC536826 Listing URL

    Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Gainesville Retail & Office Space

    Glenwood Plaza, situated at 125 NW 23rd Avenue in Gainesville, Florida, offers leasing opportunities for retail, office, and medical tenants. The property is a neighborhood retail center that serves the surrounding residential and commercial area. Available spaces range from approximately 1,000 to 5,000 square feet, accommodating a variety of business needs. The location benefits from high visibility and frontage on NW 23rd Avenue, with a traffic count of approximately 13,000 vehicles per day. Ample on-site parking and storefront signage opportunities are available. The center is designed to support businesses with high daily traffic. The tenant mix is diverse and service-oriented, generating consistent foot traffic and long-term neighborhood demand. Common Area Maintenance (CAM) and water are included in the monthly rent. Multiple units are available on a gross lease basis. The property is located near established residential neighborhoods, major thoroughfares, and nearby amenities. The lot size is 2.45 acres and the property size is 31,375 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Strongtree Organic Coffee ... Wholesaler Monster Press & the Moonstone ... Store Karma Collisions & Engineering, ... Auto Body Shop OG Homebrew Supply Brewing Supply Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Northside Shopping Center, Gainesville Plaza, Azalea Center, Glenwood Plaza, Northgate Shopping Center

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.326068
    Latitude
    29.673331

    Nearby Similar for Lease

    • $10 SF/Yr
      2,240 SF

      Gainesville Flex Warehouse for Lease

      9,850 SF flex warehouse with office and storage space.
      2826 NE Waldo Rd, Gainesville, FL 32609
      View Details
    • $15,000 /Mo
      1,700 SF

      Gainesville Car Lot For Rent

      Established car lot with service bays in prime location.
      1725 N Main St, Gainesville, FL 32609
      View Details
    • $2,432 /Mo
      1,536 SF

      Move-in Ready Gainesville Office Space

      Prestigious office space in a park-like setting, move-in ready.
      2750 NW 43Rd St, Gainesville, FL 32606
      View Details
    • $8,203 /Mo
      2,240 SF

      Gainesville Flex Warehouse for Lease

      9,850 SF flex warehouse with office and storage space.
      2826 Waldo Rd, Gainesville, FL 32609
      View Details
    • $14 SF/Yr
      7,250 SF

      Gainesville Freestanding Medical Office

      Freestanding medical office near HCA Healthcare, I-75, and Oaks Mall.
      1034 NW 57Th St, Gainesville, FL 32605
      View Details
    • $12 SF/Yr
      7,500 SF

      Gainesville Flex Warehouse Space Available

      Two-story flex/warehouse with air-conditioned space, convenient access, and I-1 zoning.
      6515 NW 16Th St, Gainesville, FL 32653
      View Details
    • $3,995 /Mo
      2,134 SF

      Thornebrook Village Retail/Office Space

      Professionally renovated 2,134 SF space in Thornebrook Village.
      2441 NW 43Rd St, Gainesville, FL 32606
      View Details
    • $12 SF/Yr
      2,580 SF

      Downtown Gainesville Office Space Available

      Professionally maintained 2,580 SF office suite in a prime location.
      204 W University Ave, Gainesville, FL 32601
      View Details
    • $28 SF/Yr
      1,369 SF

      Prime Retail Location in Gainesville

      Excellent visibility on University Avenue, near UF campus.
      1226 W University Ave, Gainesville, FL 32601
      View Details
    • $3,300 /Mo
      3,336 SF

      Gainesville Office/Warehouse with Mezzanine

      Office/warehouse with mezzanine in prime Gainesville industrial corridor.
      4566 NW 5Th Blvd, Gainesville, FL 32609
      View Details
    • $15 SF/Yr
      3,684 SF

      Gainesville Medical Office For Lease

      Medical office space for lease in high demand area.
      4611 NW 53Rd Ave, Gainesville, FL 32653
      View Details
    • $4,625 /Mo
      3,060 SF

      Showroom/Warehouse Space Near I-75

      4,800 SF showroom/warehouse with highway access, suitable for various businesses.
      3714 NW 97Th Blvd, Gainesville, FL 32606
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail, office, and medical spaces available in Glenwood Plaza.
    Where is this shopping center located?
    The property is located at 125 NW 23Rd Ave Gainesville, FL.
    What is the lease rate?
    The lease rate is $0.57 SF/Yr.
    What are key features of this property?
    This property features: - High visibility and frontage on NW 23rd Avenue with ±13,000 vehicles per day.; - Flexible unit sizes ranging from 1,000 SF to 5,000 SF suitable for retail, office, medical, and service-oriented businesses.; - Ample on-site parking and prominent storefront signage opportunities.
    (352) 371-6100
    Request Owner's contact information
    125 NW 23Rd Ave Gainesville, FL 32609
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    125 NW 23Rd Ave
    Gainesville, FL 32609
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    125 NW 23Rd Ave Gainesville, FL 32609
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Daryus Boyd
    Real Estate License ID: 3648942
    (352) 371-6100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.