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    4111-4121 16Th Blvd Gainesville, FL 32605

    Sponsored
    For Lease
    Contact for pricing

    High-traffic retail space available

    Lot size:
    80,201 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Millhopper Shopping Center, located at 4111-4121 NW 16th Blvd in Gainesville, Florida (zip code 32605), presents a compelling retail investment opportunity. This established shopping center boasts a total of 80,201 square feet of retail space within a single building, currently featuring multiple tenants. A prime 1,881 square foot space is immediately available, offering significant potential for expansion or new business ventures. The property is situated in Alachua County, benefiting from its central location within a thriving office community and affluent Gainesville residential areas, ensuring high visibility and foot traffic. The property's strategic location promises strong returns for investors seeking a well-established retail presence in a desirable market. The single-building structure simplifies management and maintenance, while the existing tenancy provides a stable income stream. This opportunity allows for immediate occupancy and the potential to capitalize on the existing strong tenant base and the high-demand location. The property's size and location make it ideal for a variety of retail uses, providing flexibility for potential buyers or lessees. Detailed property information and financial records are available upon request.

    Property Features for 4111-4121 16Th Blvd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    80,201 SF

    Unit(s) available at that property

    Space
    Suite 0015
    Size
    1,881 SF

    HighLights

    • Gainesville, FL location.
    • 80,201 square feet of retail space.
    • One 1,881 square foot space immediately available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Millhopper Shopping Center Grocery Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.3867992
    Latitude
    29.6719584

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    FAQs

    What type of property is this?
    Lifestyle center - High-traffic retail space available
    Where is this lifestyle center located?
    The property is located at 4111-4121 16Th Blvd Gainesville, FL.
    What are key features of this property?
    This property features: Gainesville, FL location.; 80,201 square feet of retail space.; One 1,881 square foot space immediately available.
    Request Owner's contact information
    4111-4121 16Th Blvd Gainesville, FL 32605
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    Gainesville, FL 32605
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4111-4121 16Th Blvd Gainesville, FL 32605
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