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    FOR LEASE
    Community centers

    1005 NW 76Th Blvd, Gainesville, FL 32606

    115,147 SF 10.42 ac lot Built 1988
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US18-3746951
    Property summary
    AI-generated overview

    Newberry Crossing offers a prime retail opportunity in Gainesville, Florida. This 114,067 square foot shopping center boasts a strong tenant mix, including TJ Maxx, Bealls Outlet, and Earth Origins Market, ensuring high foot traffic and visibility. Currently, there is 5,084 square feet of vacant space available, ideal for a variety of retail uses. One space of 1,400 square feet is immediately available. The property is situated on a 10.55-acre lot and is zoned for Highway Oriented Business (BH), providing flexibility for potential tenants. Its strategic location in Gainesville places it advantageously between major metropolitan areas such as Miami and Atlanta, and within easy reach of Jacksonville, Orlando, and Tampa. Gainesville's thriving economy, fueled by a strong presence of leading colleges and universities, a diverse range of industries, and a burgeoning startup culture, contributes to a high quality of life and consistent ranking among the best places to live in the United States. The property benefits from its proximity to The Oaks Mall, Gainesville's largest shopping mall, and the North Florida Regional Medical Center (NFRMC), a major healthcare provider. This prime location ensures significant exposure to a large and diverse customer base. The combination of established anchors, ample space, and a desirable location makes this an exceptional investment opportunity for discerning retail businesses.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1988
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 115,147 SF
    Lot 10.42 ac (453,982 SF)
    Zoning code BH
    APN 06331-002-000
    UPID US18-3746951
    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
    Current use
    Occupant on record · Public records
    • TOWN & COUNTRY CLEANERS (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $7.55M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $9.12M
    Owner & transaction history
    Newberry Crossing LLC · 4 yrs held
    Newberry Crossing LLC
    since 2021
    Last sale
    $10.5M
    4 recorded transactions
    2021
    $10.5M
    2001
    $7.7M
    1969
    1969
    Zoning & alternative use
    BH · Gainesville, FL
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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