Gainesville Strip Center For
7229 NW 4th Blvd Gainesville, FL 32607
7229 NW 4th Blvd, Gainesville, FL, 32607
$21,500,000
For Sale
$21,500,000
Fully leased retail plaza with immediate income and expansion potential.
Property Size66,803 SF
Lot Size28.45 Acres
Price / SF$321.84
Days on Market140
Property Features for 7229 NW 4th Blvd
General Information
- Standard status
- Active
- Size
- 66,803 SF
- Lot size
- 28.45 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1989
Listing agency
Colliers | Gainesville
(352) 420-9889
Listed by
Dan Drotos, MSRE, CCIM, SIOR · License #FL #BK3255693
Source
Lee-associates
Added: Mar 4 Updated: Jul 6 at 10:22AM Checked: Jul 21 at 6:37AM
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 Colliers | Gainesville
Investment Insights
Based on property information with market context.
Building A is a 66,803 square foot strip center anchored by Restaurant Depot. The building includes 15 tenant spaces. Tower Center Shopping Plaza is a 28.45-acre commercial property located off Tower Road in Gainesville, Florida. This retail destination comprises three buildings and is 100% leased. The site is accessed via a signalized intersection and is positioned with access to I-75. The plaza offers over 400 parking spaces for Buildings A and B, with an additional 47 spaces for Building C. Additional income streams include revenue from flip signage, billboard income from I-75 exposure, and CAM-generated revenue through shared water retention usage. An outparcel is in place for future development of a 30,000 square foot building.
Key Highlights
- 100% leased with immediate in‑place income and long‑term upside potential.
- Anchored by national wholesaler Restaurant Depot, drawing consistent customer traffic.
- Strategically located just off Tower Road in Gainesville, Florida, with easy access to I‑75.
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 | $1.08M | $16.20 |
| − Vacancy | −$70.3k | −$1.05 |
| EGI | $1.01M | $15.15 |
| − OpEx | −$303.6k | −$4.54 |
| NOI | $708.3k | $10.60 |
66,803 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$10.12M
$8.85M – $11.81M
NOI $708,306 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$16.55M
$14.48M – $19.30M
NOI $1,158,204 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Martin Appliance and More
Home Appliance Store
Mountain Top Granite
Building Supply
Toss-A-Ton
Waste Management Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Fully leased retail plaza with immediate income and expansion potential.
Where is this strip mall located?
The property is located at 7229 NW 4th Blvd Gainesville, FL.
What is the asking price?
The asking price for this property is $21,500,000.
What are key features of this property?
This property features: 100% leased with immediate in‑place income and long‑term upside potential.; Anchored by national wholesaler Restaurant Depot, drawing consistent customer traffic.; Strategically located just off Tower Road in Gainesville, Florida, with easy access to I‑75.
