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Gainesville Retail Investment Opportunity

618 NW 60TH St Gainesville, FL 32607

618 NW 60TH St, Gainesville, FL, 32607
$4,900,000
For Sale
Claim this Listing
$4,900,000

Fully leased shopping center in a high-demand Gainesville location.

Property Size23,364 SF
Lot Size2.27 Acres
Price / SF$209.72
AddedApr 24
Days on Market83
Last RefreshJul 13 at 12:08 pm

Property Features for 618 NW 60TH St

General Information

Standard status
Active
Size
23,364 SF
Lot size
2.27 Acres
Property subtype
Commercial

Building Details

Year Built
1996

Listing office FIRST CHOICE REALTY OF NORTH FLORIDA LLC

Listing date Apr 24, 2026

Source Elliman

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 FIRST CHOICE REALTY OF NORTH FLORIDA LLC


Investment Insights

Based on property information with market context.

This income-producing retail investment is located at 618 NW 60th St in Gainesville, Florida. The established shopping center is fully leased and 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 property benefits from strong traffic counts and is surrounded by retail establishments in a desirable Northwest Gainesville location. The center features a diversified rent roll with 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. 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. The property is well-suited for investors seeking reliable income, long-term tenant stability, and exposure to a high-demand commercial corridor. The bike score is 43, indicating it is somewhat bikeable, and the walk score is 7, indicating it is car-dependent.

Key Highlights

  • 100% occupied retail shopping center
  • Located in a highly desirable Northwest Gainesville location
  • Stable and diversified rent roll with national and regional tenants

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 $378.5k $16.20
− Vacancy −$24.6k −$1.05
EGI $353.9k $15.15
− OpEx −$106.2k −$4.54
NOI $247.7k $10.60
23,364 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use
Retail
$3.54M
$3.10M – $4.13M (±1% cap)
NOI $247,726 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.79M
$5.06M – $6.75M (±1% cap)
NOI $405,076 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile 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

Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service Kitchen & Bath Showroom Electrical Service Storage Facility Garden Center

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

Similar Off Market Nearby

  • Tower Center — NW 4th Blvd, Gainesville, FL 32607
  • Oaks Square — 6837 W Newberry Rd, Gainesville, FL 32605
  • Sunglass Hut — 6241 W Newberry Rd, Gainesville, FL 32605
  • The Oaks Mall — 6419 W Newberry Rd, Gainesville, FL 32605
  • Hobby Box Cards | Vending Machine — 6419 W Newberry Rd, Gainesville, FL 32605

FAQs

What type of property is this?
Shopping center - Fully leased shopping center in a high-demand 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 $4,900,000.
What are key features of this property?
This property features: 100% occupied retail shopping center; Located in a highly desirable Northwest Gainesville location; Stable and diversified rent roll with national and regional tenants
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