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Fully Leased Shopping Center
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
Listed By: Dawn Johnson · License #3100360
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.

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 (±1% cap)
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 (±1% cap)
NOI $410,450 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Gatorbrite Teeth Whitening Dental Office McAlister's Deli Take-out & Catering The Honey Baked Ham ... Take-out & Catering The Abbey at Blackadder Hotel & Motel Waffle America LLC Restaurant

Suggested Use

Top Pick Real Estate Agency Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
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
More about this property
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