Haile Village Mixed-Use
For Sale
$1,275,000
5015 SW 91 Ter, Gainesville, FL 32608
Three-story mixed-use building with commercial space and luxury penthouse.
Property Size5,340 SF
Price / SF$344.59
Days on Market116
Property Features for 5015 SW 91 Ter
General Information
Standard status
Active
Size
5,340 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,520
Building Details
Building Size
5,340 SF
Year Built
2009
Stories
3
Listing Agency:
(352) 514-3522
Listed By:
Michele Loeffler · License #0464836
(352) 514-3522
Source:
Elliman
Added: Apr 24
Changed: Aug 14
Last Checked: Aug 17 at 7:00AM
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 Michele Loeffler
Investment Insights
Based on property information with market context.
This custom-built, three-story, mixed-use building is located in the Haile Village Center. The property includes an income-producing commercial space on the first floor. A private elevator provides access to a two-story, over 3,700 square foot luxury penthouse home. The third floor features luxurious finishes throughout, including wood floors, crown molding, and 15-foot ceilings. The kitchen boasts cherry cabinets, granite counters, two islands, and a Thermador appliance package. The living room/dining room combination includes a gas fireplace. This level also features a full bathroom and a theater room complete with a wet bar and refrigerator. Multiple covered balconies allow for enjoyment of the Village views and include a private summer kitchen for alfresco dining and grilling. The second floor includes three full bedrooms, a study, and a gathering area. The large primary bedroom features a spacious walk-in closet and a bathroom with marble floors, a large bathtub, and a walk-in shower. The large gathering space has built-ins, a microwave, and a second wet bar area. Abundant windows provide private views of the tree-lined Village street. The property is within a short distance to the restaurants, shops, and the weekly farmers market in Haile Village. The long-term tenant occupying the first floor provides rental income each month.
Key Highlights
- Income‑producing commercial space on the first floor
- Private elevator access to a sprawling 3,700+ sq ft luxury penthouse
- Luxurious finishes throughout, including wood floors, crown molding, and a showstopping kitchen with Thermador appliances
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
$42,735
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
3.35%
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%
$854,700
$854.7K
Cap Rate 7%
$610,500
$610.5K
Cap Rate 9%
$474,833
$474.8K
Market Conditions
NOI Build-Up for 3,700 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
$77.7K $21.00/SF
− Vacancy
−$9.3K −$2.52/SF
EGI
$68.4K $18.48/SF
− OpEx
−$25.6K −$6.93/SF
NOI
$42.7K $11.55/SF
Area
Gainesville, FL
Vacancy
12.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
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%
$854,700
Cap Rate 7%
$610,500
Cap Rate 9%
$474,833
Alternative Uses
Best Use
Mixed Use
$610.5K
$534.2K – $712.3K
NOI $42,735 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$916.4K
$801.9K – $1.07M
NOI $64,149 @ 7.0% cap · market cap 5.03%
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story mixed-use building with commercial space and luxury penthouse.
Where is this mixed-use property located?
The property is located at 5015 SW 91 Ter Gainesville, FL.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Income‑producing commercial space on the first floor; Private elevator access to a sprawling 3,700+ sq ft luxury penthouse; Luxurious finishes throughout, including wood floors, crown molding, and a showstopping kitchen with Thermador appliances
