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Property profile & analytics
OFF-MARKET
Land

12019 Newberry Rd Gainesville, FL 32606

0.39 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.387-acre commercial development site presents a unique investment opportunity in Gainesville, Florida. Located at 12019 W Newberry Road, this property boasts a highly desirable location at the corner of W. Newberry Road and NW 122nd Street (Parker Road), experiencing a combined average daily traffic count of 32,500 vehicles. Its strategic position places it advantageously between the Oaks Mall/I-75 trade area and the affluent Jonesville/Tioga suburb. West Newberry Road (SR-26) serves as a major east-west thoroughfare connecting the University of Florida with western Gainesville and Alachua County. The site is situated adjacent to Noble on Newberry, a recently completed 300-unit, resort-style multifamily complex, creating a vibrant and attractive surrounding environment. This parcel, designated as Block 7, is zoned for a variety of office and retail uses. All necessary utility connections, offsite stormwater management, internal parking, and road systems are already in place. The property was approved under Alachua County's new TOD/TND ordinance and was delivered in October 2019. This turnkey site is ready for immediate development, offering significant potential for commercial or retail ventures. The property is located in Alachua County, Florida, with a zip code of 32606.

Property profile
Verified
Property type Land
Lot 0.39 ac (16,858 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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