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 Market588
Property Features for 4000 Newberry Rd
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Traffic Count
Highway Access
Road Access
Amenities
High Visibility Signage
Building Details
Tenancy
Listing Agency:
Bosshardt Realty Services
(352) 256-2112
Listed By:
Sage Alonso
(352) 316-8413
Source:
Moodyscre
Added: Apr 2, 2025
Changed: Nov 2
Last Checked: Nov 8 at 2:46AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$58,528
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,170,560
$1.2M
Cap Rate 7%
$836,114
$836.1K
Cap Rate 9%
$650,311
$650.3K
Market Conditions
NOI Build-Up for 5,520 SF
Gross rent
$89.4K $16.20/SF
− Vacancy
−$5.8K −$1.05/SF
EGI
$83.6K $15.15/SF
− OpEx
−$25.1K −$4.54/SF
NOI
$58.5K $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 Rate 5%
$1,170,560
Cap Rate 7%
$836,114
Cap Rate 9%
$650,311
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
32,500 VPD
Traffic count
80%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,028
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 56%
Leisure 21%
Dining 12%
Home Improvements & Furnishings 10%
Regal Royal Park
Leisure
13,082 visits/mo
0.3 miles
Shell
Shops & Services
9,763 visits/mo
0.2 miles
Renasant Bank
Shops & Services
7,207 visits/mo
0.3 miles
Marathon
Shops & Services
6,912 visits/mo
0.1 miles
University Ace Hardware
Home Improvements & Furnishings
6,285 visits/mo
0.4 miles
Demographics for 32607, FL
35,420
Population
16,465
Households
2.2
Avg Household Size
28
Median Age
53%
College-Educated
95%
High-School Grad
12.6 sq mi
ZIP Area
2,811
Density / Sq Mi
$46,517
Median Household Income
$30,690
Median Earnings
$1,222
Median Rent
$297,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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
