Gainesville Retail Center For
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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 Market112
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
(954) 938-1806
Listed By:
David Duckworth · License #FL 699044
Source:
Crexi
Added: May 11
Changed: Aug 14
Last Checked: Aug 28 at 9:02PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$149,607
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
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
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- 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.
