Retail Suite in Thornebrook
For Sale
$280,000
Pending
2441 NW 43RD St, Gainesville, FL 32606
Retail suite in walkable Thornebrook Village, northwest Gainesville.
Property Size2,093 SF
Lot Size0.04 Acres
Days on Market156
Property Features for 2441 NW 43RD St
General Information
Standard status
Pending
Size
2,093 SF
Lot size
0.04 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,819
Building Details
Building Size
2,093 SF
Year Built
1984
Stories
2
Listing Agency:
Bosshardt Realty Services, LLC
(352) 316-8413
Listed By:
Sage Alfonso · License ##SL3476286
(352) 316-8413
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 4:54AM
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, LLC
Investment Insights
Based on property information with market context.
A 1,699 square foot retail suite is available for purchase in Thornebrook Village, located in northwest Gainesville. The property is currently leased to a wedding dress sales and reupholstery boutique under a two-year gross lease, providing an immediate income opportunity with full occupancy. The MU2 mixed-use zoning allows for a variety of retail and service uses. Thornebrook Village benefits from high foot traffic and an upscale customer base. The surrounding area includes restaurants, daytime shopping, clothing retailers, chocolatiers, flower shops, and bagel cafes. The property is located near The Fresh Market, Publix, and other staples of northwest Gainesville.
Key Highlights
- Prime 1,699 SF retail suite in highly walkable Thornebrook Village.
- Immediate income opportunity with full occupancy and existing two‑year gross lease.
- High foot traffic and upscale customer base within Thornebrook 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
$18,014
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
6.43%
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%
$360,280
$360.3K
Cap Rate 7%
$257,343
$257.3K
Cap Rate 9%
$200,156
$200.2K
Market Conditions
NOI Build-Up for 1,699 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
$27.5K $16.20/SF
− Vacancy
−$1.8K −$1.05/SF
EGI
$25.7K $15.15/SF
− OpEx
−$7.7K −$4.54/SF
NOI
$18.0K $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%
$360,280
Cap Rate 7%
$257,343
Cap Rate 9%
$200,156
Alternative Uses
Best Use
Retail
$257.3K
$225.2K – $300.2K
NOI $18,014 @ 7.0% cap · market cap 6.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$420.8K
$368.2K – $491.0K
NOI $29,457 @ 7.0% cap · market cap 10.52%
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
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?
Retail space - Retail suite in walkable Thornebrook Village, northwest Gainesville.
Where is this retail space located?
The property is located at 2441 NW 43RD St 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: Prime 1,699 SF retail suite in highly walkable Thornebrook Village.; Immediate income opportunity with full occupancy and existing two‑year gross lease.; High foot traffic and upscale customer base within Thornebrook Village.
