Retail Strip Center with Vacant
For Sale
Contact for pricing
4000 Newberry Rd, Gainesville, FL 32607
Five-unit retail strip center with 80% occupancy, ample parking, and a 1,000 SF vacant space for repositioning.
Property Size5,520 SF
Price / SF$117.66
Days on Market529
Property Features for 4000 Newberry Rd
General Information
Standard status
Active
Size
5,520 SF
Property subtype
RETAIL
Occupancy
80%
Site & Location
Traffic Count
32,500 vehicles/day
Highway Access
Yes
Road Access
Yes
Amenities
High Visibility Signage
Building Details
Tenancy
Multi
Listing Agency:
Bosshardt Realty Services
(352) 256-2112
Listed By:
Sage Alonso
(352) 316-8413
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Aug 14
Last Checked: Sep 12 at 10:34AM
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 Bosshardt Realty Services
Investment Insights
Based on property information with market context.
This retail strip center totals 5,520 SF and is arranged as five separate units. Current occupancy is 80%, with tenant mix that includes a massage therapy business, a fish store, a church, and a Bistro/shop. The property also includes a 1,000 SF vacant unit, which presents an opportunity for an investor or an owner seeking to add or reposition tenancy.
The center is located along Newberry Road in Gainesville, FL, benefiting from high-visibility signage and ample parking. Public remarks note frontage on a major shopping corridor and an indicated 32,500 AADT.
Tenants are on gross leases, and third-party management is in place to support ongoing operations.
The center is located along Newberry Road in Gainesville, FL, benefiting from high-visibility signage and ample parking. Public remarks note frontage on a major shopping corridor and an indicated 32,500 AADT.
Tenants are on gross leases, and third-party management is in place to support ongoing operations.
Key Highlights
- 5,520 SF five‑unit retail strip center in Gainesville, FL
- 80% occupancy with a 1,000 SF vacant unit for value‑add repositioning
- Newberry Road frontage with high‑visibility signage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,528
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,170,560
$1.2M
Cap Rate 7%
$836,114
$836.1K
Cap Rate 9%
$650,311
$650.3K
Market Conditions
NOI Build-Up for 5,520 SF
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.
Gross rent
$89.4K $16.20/SF
− Vacancy
−$5.8K −$1.05/SF
EGI
$83.6K $15.15/SF
− OpEx
−$25.1K −$4.54/SF
NOI
$58.5K $10.60/SF
Area
Gainesville, FL
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,170,560
Cap Rate 7%
$836,114
Cap Rate 9%
$650,311
Alternative Uses
Best Use
Retail
$836.1K
$731.6K – $975.5K
NOI $58,528 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.60M
NOI $95,704 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
32,500 VPD
Traffic count
80%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Leisure 21%
Dining 12%
Home Improvements & Furnishings 10%
Regal Royal Park
Leisure
13,082 visits/mo
0.3 miles
Shell
Shops & Services
9,763 visits/mo
0.2 miles
Renasant Bank
Shops & Services
7,207 visits/mo
0.3 miles
Marathon
Shops & Services
6,912 visits/mo
0.1 miles
University Ace Hardware
Home Improvements & Furnishings
6,285 visits/mo
0.4 miles
Demographics for 32607, FL
35,420
Population
16,465
Households
2.2
Avg Household Size
28
Median Age
53%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,811
Density / Sq Mi
$46,517
Median Household Income
$30,690
Median Earnings
$1,222
Median Rent
$297,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Strip mall - Five-unit retail strip center with 80% occupancy, ample parking, and a 1,000 SF vacant space for repositioning.
Where is this strip mall located?
The property is located at 4000 Newberry Rd Gainesville, FL.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: 5,520 SF five‑unit retail strip center in Gainesville, FL; 80% occupancy with a 1,000 SF vacant unit for value‑add repositioning; Newberry Road frontage with high‑visibility signage
