Haile Village Center
For Sale
Contact for pricing
4965 SW 91st Terr, Gainesville, FL 32608
Five mixed-use buildings in Haile Village Center, Gainesville, Florida.
Property Size18,935 SF
Price / SF$223.83
Days on Market145
Property Features for 4965 SW 91st Terr
General Information
Standard status
Active
Size
18,935 SF
Property subtype
Retail, Multifamily, Office
Zoning
PD
Lease Type
NNN
Building Details
Year Built
1995
Buildings
5
Stories
2
Units
15
Tenancy
Multi
Listing Agency:
Lee & Associates Gainesville
(352) 664-2567
Listed By:
Brian Oen · License #SL3543025
Source:
Crexi
Added: Mar 19
Changed: Aug 8
Last Checked: Aug 8 at 6:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Gainesville
Investment Insights
Based on property information with market context.
This portfolio presents an investment opportunity with five mixed-use buildings located in Haile Village Center in Gainesville, Florida. The properties, situated in the Haile Plantation area, can be purchased as a portfolio or individually. Each stand-alone, two-story building features commercial space on the first floor and income-producing residential units on the second floor. Together, the five buildings comprise a total of 15 units and approximately 18,935 square feet. The properties include: 4965 SW 91st Terrace, with approximately 4,995 square feet and 3 units; 5207 SW 91st Terrace, with approximately 5,184 square feet and 3 units; 5214 SW 91st Terrace, with approximately 2,933 square feet and 3 units; 5216 SW 91st Terrace, with approximately 2,688 square feet and 2 units; and 9111 SW 53rd Place, with approximately 3,135 square feet and 4 units. The location provides access to a growing market, making it suitable for establishing or expanding a presence in the Gainesville business community.
Key Highlights
- Portfolio of 5 mixed‑use buildings in Haile Village Center.
- Located in the desirable Haile Plantation area of SW Gainesville, Florida.
- All buildings have commercial space on the first floor and residential units on the second floor.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$236,195
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,723,900
$4.7M
Cap Rate 7%
$3,374,214
$3.4M
Cap Rate 9%
$2,624,389
$2.6M
Market Conditions
NOI Build-Up for 18,935 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$374.9K $19.80/SF
− Vacancy
−$60.0K −$3.17/SF
EGI
$314.9K $16.63/SF
− OpEx
−$78.7K −$4.16/SF
NOI
$236.2K $12.47/SF
Area
Gainesville, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,723,900
Cap Rate 7%
$3,374,214
Cap Rate 9%
$2,624,389
Alternative Uses
Best Use
Office B
$3.37M
$2.95M – $3.94M
NOI $236,195 @ 7.0% cap · market cap 5.57%
Second Best
Mixed Use
$3.12M
$2.73M – $3.64M
NOI $218,699 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$4.69M
$4.10M – $5.47M
NOI $328,287 @ 7.0% cap · market cap 7.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 32608, FL
55,540
Population
25,939
Households
2.1
Avg Household Size
29
Median Age
58%
College-Educated
95%
High-School Grad
44.5 sq mi
ZIP Area
1,248
Density / Sq Mi
$60,182
Median Household Income
$34,991
Median Earnings
$1,357
Median Rent
$340,200
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five mixed-use buildings in Haile Village Center, Gainesville, Florida.
Where is this mixed-use property located?
The property is located at 4965 SW 91st Terr Gainesville, FL.
What is the asking price?
The asking price for this property is $4,238,245.
What are key features of this property?
This property features: Portfolio of 5 mixed‑use buildings in Haile Village Center.; Located in the desirable Haile Plantation area of SW Gainesville, Florida.; All buildings have commercial space on the first floor and residential units on the second floor.
