Fully Leased Shopping
For Sale
$4,900,000
Pending
618 NW 60TH Street, Gainesville, FL 32607
SINGLE_FAMILY - GAINESVILLE, FL
Property Size23,674 SF
Lot Size2.27 Acres
Days on Market174
Property Features for 618 NW 60TH Street
General Information
Property type
Residential
Property subtype
Retail
Zoning
BUS
Window features
Display Window(s)
Lot features
Central Business District, Landscaped, Near Public Transit, Shopping Center, Sidewalk, Street Lights, Paved
Directions
From Newberry Rd and I-75, head East, turn right after Panda Express onto NW 60th St, turn right into McAlisters parking lot.
Subdivision
32607 - Gainesville
Standard status
Pending
APN
06655-002-009
Size
23,674 SF
Lot size
2.27 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM NE COR SEC S 49.55 FT TO S R/W LINE SR-26 W ALG R/W 288.50 FT S 291.38 FT SLY ALG CURVE 37.67 FT S 5 DEG E 108.61 FT TO POB CONT S 5 DEG E 165.90 FT W 311.56 FT N 165 FT E 294.56 TO POB ALSO COM NE COR SEC S 49.55 FT W 288.50 FT S 267 FT POB S 24 .38 FT SLY ALG CURVE 37.65 FT S 5 DEG E 108.61 FT W 294.56 FT N 170 FT E 281.50 FT POB OR 4160/0950
Tax Annual Amount
74977
Legal Description
COM NE COR SEC S 49.55 FT TO S R/W LINE SR-26 W ALG R/W 288.50 FT S 291.38 FT SLY ALG CURVE 37.67 FT S 5 DEG E 108.61 FT TO POB CONT S 5 DEG E 165.90 FT W 311.56 FT N 165 FT E 294.56 TO POB ALSO COM NE COR SEC S 49.55 FT W 288.50 FT S 267 FT POB S 24 .38 FT SLY ALG CURVE 37.65 FT S 5 DEG E 108.61 FT W 294.56 FT N 170 FT E 281.50 FT POB OR 4160/0950
Utilities
Sewer type
Public Sewer
Heating system
Heat Pump (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1996
Floors in Building
1
Number of units
8
Flooring type
Vinyl, Tile - Ceramic, Tile
Building materials
Block, Concrete, Stucco
Roof type
Built-Up
Listing Agency:
FIRST CHOICE REALTY OF NORTH FLORIDA LLC
(352) 514-9508
Listed By:
Dawn Johnson · License #3100360
(352) 514-9508
Added: Feb 9
Changed: Jul 31
Last Checked: Aug 2 at 6:06PM
MLS# GC537245
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Income-producing retail investment in Gainesville, FL: a fully leased shopping center at 618 NW 60th St offering 23,364 SF of retail space on approximately 2.27 acres. The property is 100% occupied at the time of listing and includes a stable, diversified tenant mix with long-standing national and regional users such as McAlister's Deli, The HoneyBaked Ham Company, Blackadder Brewing Company, and Painting with a Twist, along with additional service and food-related concepts.
Positioned just off Newberry Road behind McDonald's and adjacent to Hobby Lobby, the center is in close proximity to Oaks Mall and the University of Florida. Convenient access to I-75 supports retail demand from nearby employment and activity generators, including North Florida Regional Medical Center and BJ's Restaurant.
Built in 1996, the center uses block, concrete, and stucco construction with a built-up roof. Heating is provided by a heat pump and central system, with central air cooling. Public water and public sewer serve the property. The site is zoned BUS.
Positioned just off Newberry Road behind McDonald's and adjacent to Hobby Lobby, the center is in close proximity to Oaks Mall and the University of Florida. Convenient access to I-75 supports retail demand from nearby employment and activity generators, including North Florida Regional Medical Center and BJ's Restaurant.
Built in 1996, the center uses block, concrete, and stucco construction with a built-up roof. Heating is provided by a heat pump and central system, with central air cooling. Public water and public sewer serve the property. The site is zoned BUS.
Key Highlights
- 100% occupied shopping center with a stable, diversified tenant mix including McAlister's Deli and The HoneyBaked Ham Company
- Approximately 2.27 acres with approximately 23,364 SF of retail space
- Zoned BUS
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $383.5k | $16.20 |
| − Vacancy | −$24.9k | −$1.05 |
| EGI | $358.6k | $15.15 |
| − OpEx | −$107.6k | −$4.54 |
| NOI | $251.0k | $10.60 |
23,674 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.59M
$3.14M – $4.18M
NOI $251,013 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.86M
$5.13M – $6.84M
NOI $410,450 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,738
Businesses Nearby
480k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 27%
Apparel 24%
Groceries 2%
Hobby Lobby
Shops & Services
55,462 visits/mo
0.1 miles
JCPenney
Apparel
42,071 visits/mo
0.3 miles
Belk
Apparel
41,818 visits/mo
0.2 miles
Starbucks
Dining
39,553 visits/mo
0.4 miles
McDonald's
Dining
36,942 visits/mo
0.1 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
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Tower Center — NW 4th Blvd, Gainesville, FL 32607
- Oaks Square — 6837 W Newberry Rd, Gainesville, FL 32605
- Sunglass Hut — 6241 W Newberry Rd, Gainesville, FL 32605
- The Oaks Mall — 6419 W Newberry Rd, Gainesville, FL 32605
- Hobby Box Cards | Vending Machine — 6419 W Newberry Rd, Gainesville, FL 32605
Frequently Asked Questions
What type of property is this?
Shopping center - Established, 100% occupied shopping center on 2.27 acres with 23,364 SF of retail space.
Where is this shopping center located?
The property is located at 618 NW 60TH Street Gainesville, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: 100% occupied shopping center with a stable, diversified tenant mix including McAlister's Deli and The HoneyBaked Ham Company; Approximately 2.27 acres with approximately 23,364 SF of retail space; Zoned BUS