Gainesville Retail Investment
For Sale
Contact for pricing
2330 Northwest 13th Street, Gainesville, FL 32609
High-visibility retail asset along Gainesville's primary commercial corridor.
Property Size50,000 SF
Price / SF$125
Days on Market99
Property Features for 2330 Northwest 13th Street
General Information
Standard status
Active
Size
50,000 SF
Total Parking Spaces
150
Property subtype
Retail
Zoning
MU2
Lease Type
NNN
Building Details
Year Built
1991
Tenancy
Single
Listing Agency:
Kin Properties Inc
(914) 610-5193
Listed By:
Beth Calay · License #FL
Source:
Crexi
Added: May 26
Changed: Aug 16
Last Checked: Aug 29 at 5:48AM
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 Kin Properties Inc
Investment Insights
Based on property information with market context.
This is an investment opportunity to acquire a 50000 square foot retail asset in Gainesville, Florida. The property benefits from high visibility, positioned along one of Gainesville's primary commercial corridors.
Key Highlights
- High‑visibility retail asset
- Located along one of Gainesville's primary commercial corridors
- Investment opportunity
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
$530,145
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
8.48%
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%
$10,602,900
$10.6M
Cap Rate 7%
$7,573,500
$7.6M
Cap Rate 9%
$5,890,500
$5.9M
Market Conditions
NOI Build-Up for 50,000 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
$810.0K $16.20/SF
− Vacancy
−$52.7K −$1.05/SF
EGI
$757.4K $15.15/SF
− OpEx
−$227.2K −$4.54/SF
NOI
$530.1K $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%
$10,602,900
Cap Rate 7%
$7,573,500
Cap Rate 9%
$5,890,500
Alternative Uses
Best Use
Retail
$7.57M
$6.63M – $8.84M
NOI $530,145 @ 7.0% cap · market cap 8.48%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.38M
$10.84M – $14.45M
NOI $866,880 @ 7.0% cap · market cap 13.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,090
Businesses Nearby
413k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 29%
Shops & Services 28%
Home Improvements & Furnishings 17%
Apparel 12%
Wawa
Shops & Services
46,519 visits/mo
0.0 miles
Rural King
Home Improvements & Furnishings
36,664 visits/mo
0.4 miles
Lowe's
Home Improvements & Furnishings
32,252 visits/mo
0.2 miles
Burlington
Apparel
29,120 visits/mo
0.2 miles
McDonald's
Dining
25,653 visits/mo
0.4 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 property - High-visibility retail asset along Gainesville's primary commercial corridor.
Where is this retail property located?
The property is located at 2330 Northwest 13th Street Gainesville, FL.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: High‑visibility retail asset; Located along one of Gainesville's primary commercial corridors; Investment opportunity
