618 NW 60TH Street, Gainesville, FL 32607
SINGLE_FAMILY - GAINESVILLE, FL
Property Features for 618 NW 60TH Street
General Information
Taxes and HOA fees
Utilities
Building Details
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Investment Insights
Based on property information with market context.
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 |
Alternative Uses
Property Analytics
Current Use
Lease Details
Location Intelligence
Trade Area within ½ mile
Foot Traffic Nearby
Demographics for 32607, FL
Market
Vacancy Rate% for Retail in South region
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