Financial
Distress signals
Property profile

618 NW 60Th St Gainesville, FL 32607

FOR SALE
Turn key restaurants
Property ID
US18-4849345
3,026 SF 2.27 ac lot Built 1997
Last sale Dec 2020
Entity Owned Owner of record is a legal entity (LLC / corporation). 13-yr Hold Held for 13 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A retail shopping center investment property totaling approximately 23,364 square feet of retail space on an approximately 2.27-acre site. The center is located just off Newberry Road, positioned behind a McDonald’s and adjacent to a Hobby Lobby, near Oaks Mall and the University of Florida, with access to I-75. The property consists of a shopping-center retail configuration arranged to support multiple tenants, and it has historically operated with full occupancy under a diversified tenant mix…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$65k
Tax billed · 2023
Assessed value$2.99M
Assessed land$1.32M
Assessed improvement$1.67M
Effective rate2.18%

Value estimate

· Sep 2026
$520k
$468k – $572k
AI approach$385k
Submarket $/SF estimate$654k
NOI build-up
Gross scheduled income$378k
Vacancy & credit loss−$25k
Operating expenses−$106k
NOI · 5.06% cap applied$248k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$279/SF
Submarket average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$186 – $450

Cap rate analysis

How does the asset earn?
5.06%
$248k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
BUS
The intent of this zone is to provide adult day care home, alcoholic beverage establishment, bed and breakfast establishment, business se...
General categoryCIVIC_INSTITUTIONAL
JurisdictionALACHUA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.6
Building Supply21.7
Auto Repair Shop19.4

Location

618 NW 60Th St Gainesville, FL 32607
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1504 74th, Gainesville, FL 32607-0003 $1,150,000 Aug 2025 3,420 SF
7126 University, Gainesville, FL 32607-1610 $520,000 May 2025 4,800 SF
606 75th, Gainesville, FL 32607-1800 $2,250,000 Feb 2025 5,599 SF
500 75th, Gainesville, FL 32607-1676 $490,000 Sep 2022 4,240 SF
4234 20th, Gainesville, FL 32607-4206 $500,000 Feb 2020 1,724 SF
7208 University, Gainesville, FL 32607-1639 $350,000 Nov 2019 2,881 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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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