Retail Building with Loading
118 Northwest 8th Avenue Gainesville, FL 32601
118 Northwest 8th Avenue, Gainesville, FL, 32601
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For Sale
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Flexible retail interiors with durable exterior, natural light, and built-in loading and storage for efficient operations.
Property Size28,907 SF
Price / SF$127
Days on Market57
Property Features for 118 Northwest 8th Avenue
General Information
- Standard status
- Active
- Size
- 28,907 SF
- Property subtype
- Retail
Listing agency
Lee & Associates Gainesville
(352) 664-2567
Listed by
Brent Line · License #SL3543025
Source
Crexi
Added: May 27 Updated: Jul 10 at 1:49PM Checked: Jul 21 at 1:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Gainesville
Investment Insights
Based on property information with market context.
This retail building offers flexible interior spaces designed to support a range of merchandising and service uses. Customer circulation is thoughtfully configured to support day-to-day flow, while durable facade materials and easily maintained finishes are built to help limit downtime between occupants. The building also emphasizes comfortable in-space conditions with ample natural light, alongside practical back-of-house infrastructure including robust loading and storage provisions.
The property is located at 118 Northwest 8th Avenue in Gainesville, Florida, with a street presence intended to draw pedestrian activity. Its layout is geared toward customer experience, while the loading and storage capabilities help simplify daily logistics for tenant operations.
For a tenant or buyer evaluating retail occupancy, the combination of flexible interiors, operational support through loading and storage, and maintained finishes can accommodate a variety of retail formats without requiring immediate major reconfiguration. The overall design also supports efficient customer experience and practical day-to-day operations, whether the space is operated as one consistent retail concept or adapted for different in-suite merchandising plans.
The property is located at 118 Northwest 8th Avenue in Gainesville, Florida, with a street presence intended to draw pedestrian activity. Its layout is geared toward customer experience, while the loading and storage capabilities help simplify daily logistics for tenant operations.
For a tenant or buyer evaluating retail occupancy, the combination of flexible interiors, operational support through loading and storage, and maintained finishes can accommodate a variety of retail formats without requiring immediate major reconfiguration. The overall design also supports efficient customer experience and practical day-to-day operations, whether the space is operated as one consistent retail concept or adapted for different in-suite merchandising plans.
Key Highlights
- Retail property at 118 Northwest 8th Avenue with flexible interiors for merchandising and service tenants
- Street‑facing presence designed to attract steady pedestrian interest
- Thoughtful customer circulation layout supports operational efficiency and tenant experience
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $468.3k | $16.20 |
| − Vacancy | −$30.4k | −$1.05 |
| EGI | $437.9k | $15.15 |
| − OpEx | −$131.4k | −$4.54 |
| NOI | $306.5k | $10.60 |
28,907 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.38M
$3.83M – $5.11M
NOI $306,498 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.16M
$6.26M – $8.35M
NOI $501,178 @ 7.0% cap · market cap 13.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
UPS Access Point ...
Courier Service
Alliance Towing & Roadside ...
Auto Repair Shop
White Auto Parts
Auto Parts Store
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FAQs
What type of property is this?
Retail space - Flexible retail interiors with durable exterior, natural light, and built-in loading and storage for efficient operations.
Where is this retail space located?
The property is located at 118 Northwest 8th Avenue Gainesville, FL.
What is the asking price?
The asking price for this property is $3,700,000.
What are key features of this property?
This property features: Retail property at 118 Northwest 8th Avenue with flexible interiors for merchandising and service tenants; Street‑facing presence designed to attract steady pedestrian interest; Thoughtful customer circulation layout supports operational efficiency and tenant experience
