Retail Space with Existing
For Sale
Contact for pricing
2301 NW 6th St, Gainesville, FL 32609
High-visibility retail development site with an existing 7,311 SF commercial building and U6 Urban Mixed Use zoning.
Property Size5,865 SF
Lot Size5.76 Acres
Price / SF$272.80
Days on Market275
Property Features for 2301 NW 6th St
General Information
Standard status
Active
Size
5,865 SF
Lot size
5.76 Acres
Property subtype
RETAIL
Zoning
U6 Urban Mixed Use
Additional Details
Road Access
Yes
Land Use
mixed-use, commercial
Building Details
Buildings
1
Listing Agency:
Coldwell Banker M.M. Parrish Realtors | Gainesville (Northwest)
(352) 665-9731
Listed By:
Perry C. Pursell · License #0518980
(352) 665-9731
Source:
Moodyscre
Added: Nov 11, 2025
Changed: Aug 9
Last Checked: Aug 12 at 7:30AM
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 Coldwell Banker M.M. Parrish Realtors | Gainesville (Northwest)
Investment Insights
Based on property information with market context.
Three contiguous parcels at the signalized intersection of NW 6th Street and NW 23rd Avenue comprise a high-visibility mixed-use development site. The combined site totals approximately 15.76 acres, with about 400 feet of frontage on NW 6th Street and about 300 feet along NW 23rd Avenue.
The property includes an existing 7,311 SF commercial building plus two adjoining vacant parcels. U6 Urban Mixed Use zoning supports a range of development options, including retail, office, medical, or multi-family.
With frontage on two streets at a signalized intersection and a combination of improved and vacant space, the site offers flexibility for a variety of retail-oriented concepts and redevelopment plans.
The property includes an existing 7,311 SF commercial building plus two adjoining vacant parcels. U6 Urban Mixed Use zoning supports a range of development options, including retail, office, medical, or multi-family.
With frontage on two streets at a signalized intersection and a combination of improved and vacant space, the site offers flexibility for a variety of retail-oriented concepts and redevelopment plans.
Key Highlights
- Three contiguous parcels totaling approximately 15.76 acres
- About 400 feet of frontage on NW 6th Street and about 300 feet along NW 23rd Avenue
- Signalized intersection location for high‑visibility access
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
$62,186
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
3.89%
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%
$1,243,720
$1.2M
Cap Rate 7%
$888,371
$888.4K
Cap Rate 9%
$690,956
$691.0K
Market Conditions
NOI Build-Up for 5,865 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
$95.0K $16.20/SF
− Vacancy
−$6.2K −$1.05/SF
EGI
$88.8K $15.15/SF
− OpEx
−$26.7K −$4.54/SF
NOI
$62.2K $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%
$1,243,720
Cap Rate 7%
$888,371
Cap Rate 9%
$690,956
Alternative Uses
Best Use
Retail
$888.4K
$777.3K – $1.04M
NOI $62,186 @ 7.0% cap · market cap 3.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,685 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
28,482 visits/mo
0.5 miles
Sunoco
Shops & Services
7,529 visits/mo
0.4 miles
Enterprise Rent-A-Car
Shops & Services
3,581 visits/mo
0.4 miles
AutoZone
Shops & Services
2,011 visits/mo
0.5 miles
Citgo
Shops & Services
800 visits/mo
0.5 miles
Demographics for 32609, FL
18,322
Population
8,515
Households
2.2
Avg Household Size
38
Median Age
27%
College-Educated
87%
High-School Grad
117.5 sq mi
ZIP Area
156
Density / Sq Mi
$48,121
Median Household Income
$34,041
Median Earnings
$1,159
Median Rent
$174,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - High-visibility retail development site with an existing 7,311 SF commercial building and U6 Urban Mixed Use zoning.
Where is this retail space located?
The property is located at 2301 NW 6th St Gainesville, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three contiguous parcels totaling approximately 15.76 acres; About 400 feet of frontage on NW 6th Street and about 300 feet along NW 23rd Avenue; Signalized intersection location for high‑visibility access
