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    618 NW 60Th St Gainesville, FL 32607

    View on Map
    Sponsored
    For Sale
    $5,100,000

    Retail - GAINESVILLE, FL

    Type:Retail
    Property size:
    23,674 SF
    Lot size:
    2.27 Acres
    Days on Market:
    20
    Last Refresh:
    Mar 28 at 4:06 am

    Property Features for 618 NW 60Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Standard status
    Active
    Security features
    Fire Alarm, Smoke Detector(s)
    Zoning
    BUS
    APN
    06655-002-009
    Exterior features
    Paved
    Size
    23,674 SF
    Lot size
    2.27 Acres

    Utilities

    Heating system
    Central, Heat Pump (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1996
    Number of units
    8
    Flooring type
    Tile, Tile - Ceramic, Vinyl
    Building materials
    Block, Concrete, Stucco
    Roof type
    Built-Up
    Architectural style
    Other

    We can help!

    Listing Contact
    Dawn Johnson
    Dawn Johnson

    First Choice Realty of North Florida LLC

    Listing agent Dawn Johnson License #3100360

    Listing date Mar 9, 2026

    MLS# GC537245 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

    Overview

    Gainesville Retail Investment Opportunity

    Located at 618 NW 60th St in Gainesville, Florida, this income-producing retail investment is an established, fully leased shopping center. The property is positioned just off Newberry Road, behind McDonald’s and adjacent to Hobby Lobby, in close proximity to Oaks Mall and the University of Florida. The location benefits from strong traffic counts, excellent surrounding retail, and a highly desirable Northwest Gainesville location. The center features a stable and diversified rent roll with long-standing national and regional tenants including McAlister’s Deli, The HoneyBaked Ham Company, Blackadder Brewing Company, Painting with a Twist, and additional service and food-related users. Tenant longevity and brand recognition contribute to consistent income performance and reduced vacancy risk. Situated on approximately 2.27 acres, the property totals approximately 23,364 square feet of retail space and is 100% occupied at the time of listing. The location offers convenient access to I-75 and is surrounded by major employment drivers and demand generators including North Florida Regional Medical Center, BJ’s Restaurant, Oaks Mall, and numerous retail, dining, and service establishments. This offering presents an opportunity to acquire a stabilized retail asset with in-place cash flow in a strong Gainesville submarket, well-suited for investors seeking reliable income, long-term tenant stability, and exposure to a high-demand commercial corridor.
    Location Intelligence

    Current Use by Public Records

    Gatorbrite Teeth Whitening Dental Office McAlister's Deli Take-out & Catering The Honey Baked Ham ... Take-out & Catering The Abbey at Blackadder Hotel & Motel Waffle America LLC Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    Tower Center, Oaks Square, Sunglass Hut, The Oaks Mall, Hobby Box Cards | Vending Machine

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.40703
    Latitude
    29.658261

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    FAQs

    What type of property is this?
    Shopping center - Fully leased shopping center in a desirable Gainesville location.
    Where is this shopping center located?
    The property is located at 618 NW 60Th St Gainesville, FL.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: - Fully leased retail shopping center providing immediate income.; - Located in a **high-traffic, desirable Northwest Gainesville location** near Newberry Road, Oaks Mall, and the University of Florida.; - Stable and diversified rent roll with long-standing national and regional tenants (McAlister’s Deli, HoneyBaked Ham, etc.).
    (352) 514-9508
    Request Owner's contact information
    618 NW 60Th St Gainesville, FL 32607
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    Gainesville, FL 32607
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    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
    618 NW 60Th St Gainesville, FL 32607
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    We can help!
    Listing Contact
    Dawn Johnson
    Dawn Johnson
    Real Estate License ID: 3100360
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