Fully Leased Shopping
618 Nw 60th Street GAINESVILLE Gainesville, FL 32607
618 Nw 60th Street GAINESVILLE, Gainesville, FL, 32607
$4,900,000
For Sale
$4,900,000
Established, 100% occupied shopping center with a diversified tenant mix and in-place income.
Property Size23,674 SF
Price / SF$206.98
Days on Market19
Property Features for 618 Nw 60th Street GAINESVILLE
General Information
- Standard status
- Active
- Size
- 23,674 SF
Building Details
- Year Built
- 1996
Listing agency
(904) 447-1321
Listed by
Winston Harvey
(904) 447-1321
Source
Yourfhrm
Added: Jul 3 Updated: Jul 20 at 6:51PM Checked: Jul 21 at 3:18AM
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 Winston Harvey
Investment Insights
Based on property information with market context.
This established, fully leased shopping center is offered for sale as an income-producing retail investment. The property is approximately 2.27 acres and totals approximately 23,364 square feet of retail space, with 100% occupancy at the time of listing. The rent roll is described as stable and diversified, supported by long-standing national and regional tenants including McAlister’s Deli, The HoneyBaked Ham Company, Blackadder Brewing Company, and Painting with a Twist, along with additional service and food-related users.
The center is positioned just off Newberry Road, located behind McDonald’s and adjacent to Hobby Lobby. It is in close proximity to Oaks Mall and the University of Florida, and the location is stated to provide convenient access to I-75, with strong surrounding retail demand.
For prospective investors, the asset presents a stabilized, occupied retail offering with in-place cash flow and a tenant roster that emphasizes longevity and brand recognition.
The center is positioned just off Newberry Road, located behind McDonald’s and adjacent to Hobby Lobby. It is in close proximity to Oaks Mall and the University of Florida, and the location is stated to provide convenient access to I-75, with strong surrounding retail demand.
For prospective investors, the asset presents a stabilized, occupied retail offering with in-place cash flow and a tenant roster that emphasizes longevity and brand recognition.
Key Highlights
- Fully leased shopping center (100% occupied) with a diversified tenant mix
- 1996‑built retail shopping center totaling approx. 23,364 SF on approx. 2.27 acres
- Tenant roster includes McAlister’s Deli, HoneyBaked Ham Company, Blackadder Brewing Company, and Painting with a Twist
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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
Similar For Sale Nearby
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
FAQs
What type of property is this?
Shopping center - Established, 100% occupied shopping center with a diversified tenant mix and in-place income.
Where is this shopping center located?
The property is located at 618 Nw 60th Street GAINESVILLE 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: Fully leased shopping center (100% occupied) with a diversified tenant mix; 1996‑built retail shopping center totaling approx. 23,364 SF on approx. 2.27 acres; Tenant roster includes McAlister’s Deli, HoneyBaked Ham Company, Blackadder Brewing Company, and Painting with a Twist
