Retail Strip Center with Vacant
4000 Newberry Rd Gainesville, FL 32607
For Sale
Contact for pricing
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 Market484
Property Features for 4000 Newberry Rd
General Information
Standard status
Active
Size
5,520 SF
Property subtype
RETAIL
Listing Agency:
Bosshardt Realty Services
(352) 316-8413
Listed By:
Sage Alonso · License #3086548
(352) 316-8413
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Jul 26
Last Checked: Jul 28 at 2:06PM
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 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 | $89.4k | $16.20 |
| − Vacancy | −$5.8k | −$1.05 |
| EGI | $83.6k | $15.15 |
| − OpEx | −$25.1k | −$4.54 |
| NOI | $58.5k | $10.60 |
5,520 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
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
Location Intelligence
Current Use
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
