Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    4960 Newberry Rd Gainesville, FL 32605

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $18 SF/Yr

    Professional office space in a high-traffic Gainesville commercial corridor.

    Building Details

    Year built
    2000

    We can help!

    Listing Contact
    Brian Oen
    Brian Oen
    Source: Lee-associates

    Listing Agent: Brian Oen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Gainesville Office Space For Rent

    This 2,604± SF professional office space is located on one of Gainesville’s most active commercial corridors, offering visibility, access, and functionality. The property has signage exposure to over 24,500 vehicles per day along Newberry Road, and access from both NW 8th Avenue and Newberry Road. This location is suitable for professional service providers looking to be in the heart of Gainesville’s commercial core. The property is positioned near the intersection of Newberry Road and Northwest 43rd Street, in an area with dining, shopping, and entertainment options, including the Oaks Mall and North Florida Regional Medical Center. The University of Florida and Santa Fe College are nearby. Transportation routes ensure connectivity. Parks and outdoor recreational areas are also in the vicinity. The property is minutes from North Florida Regional Medical Center, Butler Plaza & Celebration Pointe, University of Florida & UF Health, and I-75 and key arterial roads. It is surrounded by national retail, dining, and residential neighborhoods.
    Location Intelligence

    Current Use by Public Records

    Van Dyke General ... Dental Office Van Dyke Rachael ... Dental Office William K. Van ... Dental Office DaVita Gainesville Home ... Medical Clinic Kimberley Mowery Dental Office

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3958985
    Latitude
    29.6583538

    Nearby Similar for Lease

    • New
      $12 SF/Yr
      7,250 SF

      Gainesville Freestanding Medical Office Space

      Well-designed medical office near HCA Healthcare, I-75, and Oaks Mall.
      1034 NW 57Th St, Gainesville, FL 32605
      View Details
    • New
      $15 SF/Yr
      2,102 SF

      Retail Space Near UF

      Retail and office spaces near Downtown and UF. Available for lease.
      3501 SW 2Nd Ave, Gainesville, FL 32607
      View Details
    • $7 SF/Yr
      7,680 SF

      GAINESVILLE, FL Industrial Space

      Located in Gainesville, near dining, parks, and educational resources.
      1995 NE 31St Ave, Gainesville, FL 32609
      View Details
    • $1,575 /Mo
      1,200 SF

      Gainesville Office/Warehouse Flex Space

      1,200 SF office/warehouse in NW Gainesville's industrial corridor.
      4609 NW 6Th St, Gainesville, FL 32609
      View Details
    • $2,015 /Mo
      806 SF

      Renovated Office Space For Lease

      Newly renovated office space near UF Innovation Hub available for lease.
      225 SW 7Th Ter, Gainesville, FL 32601
      View Details
    • $14 SF/Yr
      827 SF

      Gainesville Office Space Available

      Office space for rent in Gainesville, Florida.
      1405 NW 13Th St, Gainesville, FL 32601
      View Details
    • $12 SF/Yr
      1,956 SF

      Gainesville Office Space For Rent

      Office space for rent with flexible floor plans and ample parking.
      1405 NW 13Th St, Gainesville, FL 32601
      View Details
    • $11 SF/Yr
      4,527 SF

      Gainesville Office Space For Rent

      Office building with flexible floor plans and ample parking.
      1405 NW 13Th St, Gainesville, FL 32601
      View Details
    • $12 SF/Yr
      3,700 SF

      Gainesville Office Space Available

      Office building with flexible floor plans and ample parking.
      1405 NW 13Th St, Gainesville, FL 32601
      View Details
    • $1,500 /Mo
      1,122 SF

      Gainesville Mixed-Use Space Available

      Office, retail, or service space in high-traffic area.
      4936 SW 91St Ter, Gainesville, FL 32608
      View Details
    • $3,000 /Mo
      2,245 SF

      Gainesville Retail Building For Rent

      Retail building with two sections in excellent Gainesville location.
      1820 NE 2Nd St, Gainesville, FL 32609
      View Details
    • $2,540 /Mo
      1,016 SF

      Renovated Office Space For Lease

      Newly renovated office space near UF Innovation Hub available for lease.
      225 SW 7Th Ter, Gainesville, FL 32601
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space in a high-traffic Gainesville commercial corridor.
    Where is this office units located?
    The property is located at 4960 Newberry Rd Gainesville, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High-visibility location on Newberry Road with 24,500 vehicles per day traffic count.; - Excellent access from both NW 8th Avenue and Newberry Road.; - Proximity to North Florida Regional Medical Center, University of Florida & UF Health.
    (352) 664-2567
    Request Owner's contact information
    4960 Newberry Rd Gainesville, FL 32605
    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.
    4960 Newberry Rd
    Gainesville, FL 32605
    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
    4960 Newberry Rd Gainesville, FL 32605
    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
    Brian Oen
    Brian Oen
    Real Estate License ID: BK3372787
    (352) 664-2567 (352) 494-2100 (352) 254-3304
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!