1005 76Th BlvdGainesville, FL 32606

  • Community centers
  • 115,147 SF

Property Details for 1005 76Th Blvd

Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
10.42 AC
Property size (Sq ft)
115,147 SF
Zone code
BH
Property type
Community centers
APN
06331-002-000
APU
6331002000

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $28,321,300
    6.5%
    $26,142,800
    7%
    $24,275,400
  • Comparable approach

    Method
    Valuation
    Relative Method
    $8,144,390
    Geo Method
    $8,144,390
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $50,836,500
    Mixed-Use / Specialty
    $26,108,000
    Hospitality / Lodging
    $19,230,600
    Office
    $26,013,700
    Institutional / Educational
    $27,162,600
    Residential Income
    $31,780,300
    Multifamily
    $37,791,900
    Automotive / Energy
    $23,282,200
    Parking / Income-Based Land
    $7,976,740
    Restaurant / Food Service
    $13,703,500
    Healthcare / Senior Housing
    $26,713,400

Location Insight

City
Gainesville
County
Alachua
State
Florida
Latitude
29.6629
Longitude
-82.4233
CBSA code
23540
CBSA name
GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$205,790
$2,827,154
$6,805,246
$9,632,400
-
$2,827,154
$6,805,246
$9,632,400

FAQs

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