Gainesville Retail Center For
For Sale
Contact for pricing
7420 W Newberry Rd, Gainesville, FL 32605
Fully occupied 14,110 SF retail center in Gainesville, Florida.
Property Size14,110 SF
Price / SF$247.98
Days on Market159
Property Features for 7420 W Newberry Rd
General Information
Standard status
Active
Size
14,110 SF
Class
C
Total Parking Spaces
90
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$209,766
Building Details
Year Built
2009
Tenancy
Multi
Listing Agency:
Avison Young - Fort Lauderdale
Listed By:
David Duckworth · License #FL 699044
(954) 938-1806
Source:
Crexi
Added: May 11
Changed: Oct 1
Last Checked: Oct 16 at 6:49AM
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 Avison Young - Fort Lauderdale
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.
The 7420 Newberry Retail Center is a fully-occupied retail asset, built in 2009, encompassing approximately 14,110 square feet. It is located at the intersection of West Newberry Road and I-75 in Gainesville, Florida. The center's tenants are service-oriented, focusing on childcare and fitness, catering to the needs of families in West Gainesville. The property provides cash flow with potential for increased value.
Key Highlights
- Fully‑occupied retail center providing immediate cash flow.
- Located at the intersection of West Newberry Road and I‑75.
- Tenants cater to the year‑round needs of West Gainesville’s professional families.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$149,607
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,992,140
$3.0M
Cap Rate 7%
$2,137,243
$2.1M
Cap Rate 9%
$1,662,300
$1.7M
Market Conditions
NOI Build-Up for 14,110 SF
Gross rent
$228.6K $16.20/SF
− Vacancy
−$14.9K −$1.05/SF
EGI
$213.7K $15.15/SF
− OpEx
−$64.1K −$4.54/SF
NOI
$149.6K $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%
$2,992,140
Cap Rate 7%
$2,137,243
Cap Rate 9%
$1,662,300
Alternative Uses
Best Use
Retail
$2.14M
$1.87M – $2.49M
NOI $149,607 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.49M
$3.06M – $4.08M
NOI $244,634 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,174
Businesses Nearby
220k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 27%
Groceries 15%
Apparel 12%
Circle K
Shops & Services
36,478 visits/mo
0.2 miles
Publix
Groceries
33,235 visits/mo
0.2 miles
Bealls
Apparel
23,779 visits/mo
0.1 miles
Taco Bell
Dining
21,421 visits/mo
0.2 miles
Dollar Tree
Shops & Services
15,825 visits/mo
0.1 miles
Demographics for 32605, FL
24,326
Population
11,651
Households
2.1
Avg Household Size
40
Median Age
61%
College-Educated
97%
High-School Grad
9.8 sq mi
ZIP Area
2,482
Density / Sq Mi
$83,114
Median Household Income
$48,741
Median Earnings
$1,505
Median Rent
$264,700
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
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 - Fully occupied 14,110 SF retail center in Gainesville, Florida.
Where is this shopping center located?
The property is located at 7420 W Newberry Rd Gainesville, FL.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: Fully‑occupied retail center providing immediate cash flow.; Located at the intersection of West Newberry Road and I‑75.; Tenants cater to the year‑round needs of West Gainesville’s professional families.
