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1005 NW 76Th Blvd Gainesville, FL 32606

Community centers Google Maps
115,147 SF 10.42 ac lot Built 1988
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$7.93M
Range $7.14M – $8.72M (±10%)
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

Current use

Occupant on record · Public records
  • (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
$7.93M

Owner & transaction history

since 2021
Last sale
$10.5M
4 recorded transactions
2021
$10.5M
2001
$7.7M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

BH · Gainesville, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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