Two-Story Retail Suite with
For Sale
$280,000
2441 Northwest 43rd Street Suite 2D, Gainesville, FL 32606
Two-story storefront with bonus mezzanine in a walkable mixed-use retail village.
Property Size2,093 SF
Price / SF$133.78
Days on Market50
Property Features for 2441 Northwest 43rd Street Suite 2D
General Information
Standard status
Active
Size
2,093 SF
Property subtype
Retail
Zoning
MU2
Building Details
Year Built
1984
Stories
2
Listing Agency:
Bosshardt Realty Services
(352) 316-8413
Listed By:
Sage Alfonso · License #FL #SL3476286
(352) 316-8413
Source:
Bosscommercial
Added: Jun 25
Changed: Jul 10
Last Checked: Aug 12 at 4:36AM
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 for-sale retail suite is a two-story space within Thornebrook Village, offered as 2,093 SF of adaptable storefront retail. The layout includes mezzanine or bonus space, providing additional usable area to support retail displays, back-of-house needs, or flexible merchandising. MU2 mixed-use zoning also supports a variety of retail and service uses, subject to applicable approvals.
The property is located at 2441 Northwest 43rd Street, Suite 2D, in northwest Gainesville. Thornebrook Village is described as highly walkable and oriented around everyday shopping and dining, with nearby retail and grocery anchors including The Fresh Market and Publix. The surrounding tenant mix includes restaurants, daytime shopping, clothing retailers, specialty shops, and café-style concepts.
For tenants, this configuration can work well for businesses that benefit from a street-level storefront presence with added interior space from the mezzanine. For buyers, the MU2 zoning and established village setting provide a straightforward starting point for retail and service concepts that can take advantage of an active pedestrian environment. Please confirm permitted uses and any buildout or code requirements with the appropriate authorities.
The property is located at 2441 Northwest 43rd Street, Suite 2D, in northwest Gainesville. Thornebrook Village is described as highly walkable and oriented around everyday shopping and dining, with nearby retail and grocery anchors including The Fresh Market and Publix. The surrounding tenant mix includes restaurants, daytime shopping, clothing retailers, specialty shops, and café-style concepts.
For tenants, this configuration can work well for businesses that benefit from a street-level storefront presence with added interior space from the mezzanine. For buyers, the MU2 zoning and established village setting provide a straightforward starting point for retail and service concepts that can take advantage of an active pedestrian environment. Please confirm permitted uses and any buildout or code requirements with the appropriate authorities.
Key Highlights
- Two‑story retail suite built in 1984 with 2,093 SF of space
- Includes mezzanine/bonus space for added flexibility
- Located in Thornebrook Village, a walkable mixed‑use retail village
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
$22,192
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
7.93%
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%
$443,840
$443.8K
Cap Rate 7%
$317,029
$317.0K
Cap Rate 9%
$246,578
$246.6K
Market Conditions
NOI Build-Up for 2,093 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
$33.9K $16.20/SF
− Vacancy
−$2.2K −$1.05/SF
EGI
$31.7K $15.15/SF
− OpEx
−$9.5K −$4.54/SF
NOI
$22.2K $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%
$443,840
Cap Rate 7%
$317,029
Cap Rate 9%
$246,578
Alternative Uses
Best Use
Retail
$317.0K
$277.4K – $369.9K
NOI $22,192 @ 7.0% cap · market cap 7.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$518.4K
$453.6K – $604.8K
NOI $36,288 @ 7.0% cap · market cap 12.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,192
Businesses Nearby
154k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Dining 30%
Shops & Services 28%
Beauty & Spa 3%
Publix
Groceries
41,969 visits/mo
0.3 miles
Circle K
Shops & Services
18,774 visits/mo
0.3 miles
The Fresh Market
Groceries
18,232 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
12,793 visits/mo
0.1 miles
The Flying Biscuit Cafe
Dining
8,406 visits/mo
0.1 miles
Demographics for 32606, FL
24,380
Population
11,230
Households
2.2
Avg Household Size
40
Median Age
60%
College-Educated
98%
High-School Grad
15.4 sq mi
ZIP Area
1,583
Density / Sq Mi
$79,888
Median Household Income
$49,153
Median Earnings
$1,664
Median Rent
$319,300
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?
Shopping center - Two-story storefront with bonus mezzanine in a walkable mixed-use retail village.
Where is this shopping center located?
The property is located at 2441 Northwest 43rd Street Suite 2D Gainesville, FL.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Two‑story retail suite built in 1984 with 2,093 SF of space; Includes mezzanine/bonus space for added flexibility; Located in Thornebrook Village, a walkable mixed‑use retail village
