Mixed-Use Building With
For Sale
$1,275,000
5015 SW 91 Terrace, Gainesville, FL 32608
Commercial Sale, GAINESVILLE, FL
Property Size5,340 SF
Lot Size0.05 Acres
Price / SF$238.76
Days on Market219
Property Features for 5015 SW 91 Terrace
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MIXED USE
Pets allowed
Yes
Appliances
Bar Fridge, Built-In Oven, Cooktop, Dishwasher, Disposal, Gas Water Heater, Ice Maker, Microwave, Range Hood, Refrigerator, Wine Refrigerator
Subdivision
HAILE PLANTATION VILLAGE CENTER
Directions
Head toward SW 45th Pl on SW 75th St.,turn right onto SW Archer Rd, Turn right onto SW 91st St, Turn left onto SW 51st Rd., Turn left onto SW 91st Ter., end at 5150 SW 91st Ter
Standard status
Active
APN
06860-400-050
Size
5,340 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM NW COR LOT 1 HAILE PLANTATION UNIT 24 PB P-87 N 28 DEG 17 MIN 33 SEC E 40 FT N 61 DEG 42 MIN 27 SEC W 90 FT N 79 DEG 24 MIN 36 SEC W 52.49 FT N 28 DEG 17 MIN 33 SEC E 36.96 FT N 51 DEG 59 MIN 11 SEC W 155.37 FT N 74 DEG 47 MIN 04 SEC W 263.42 FT N 16
Tax Annual Amount
12520
Legal Description
COM NW COR LOT 1 HAILE PLANTATION UNIT 24 PB P-87 N 28 DEG 17 MIN 33 SEC E 40 FT N 61 DEG 42 MIN 27 SEC W 90 FT N 79 DEG 24 MIN 36 SEC W 52.49 FT N 28 DEG 17 MIN 33 SEC E 36.96 FT N 51 DEG 59 MIN 11 SEC W 155.37 FT N 74 DEG 47 MIN 04 SEC W 263.42 FT N 16
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas, Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2009
Floors in Building
3
Flooring type
Tile, Hardwood, Carpet
Building materials
Block, Cement Siding, Frame
Roof type
Shingle
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Michele Loeffler · License #0464836
(352) 514-3522
Added: Jan 20
Changed: Aug 24
Last Checked: Aug 27 at 2:06PM
MLS# GC536758
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This three-story mixed-use property contains commercial space on the first floor and a private, two-level penthouse above. The residence measures more than 3,700 square feet and includes three bedrooms, a study, gathering areas, a theater room, multiple wet bars, and covered balconies. Interior features include wood flooring, crown molding, 15-foot ceilings, a gas fireplace, and a kitchen with cherry cabinetry, granite countertops, two islands, and Thermador appliances. The primary suite includes a walk-in closet, marble flooring, a bathtub, and a walk-in shower. A long-term tenant occupies the first-floor commercial area and provides recurring rental income.
The property is located in Haile Village Center, within short distance of restaurants, shops, and a weekly farmers market. Public water and sewer serve the property, with central heating and cooling and natural gas service. The building was constructed in 2009 and occupies a 0.05-acre site.
The property is located in Haile Village Center, within short distance of restaurants, shops, and a weekly farmers market. Public water and sewer serve the property, with central heating and cooling and natural gas service. The building was constructed in 2009 and occupies a 0.05-acre site.
Key Highlights
- 5,340 square feet across a three‑story mixed‑use building
- Two‑story penthouse residence measures more than 3,700 square feet
- First‑floor commercial space is occupied by a long‑term tenant
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
$61,677
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
4.84%
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%
$1,233,540
$1.2M
Cap Rate 7%
$881,100
$881.1K
Cap Rate 9%
$685,300
$685.3K
Market Conditions
NOI Build-Up for 5,340 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
$112.1K $21.00/SF
− Vacancy
−$13.5K −$2.52/SF
EGI
$98.7K $18.48/SF
− OpEx
−$37.0K −$6.93/SF
NOI
$61.7K $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%
$1,233,540
Cap Rate 7%
$881,100
Cap Rate 9%
$685,300
Alternative Uses
Best Use
Mixed Use
$881.1K
$771.0K – $1.03M
NOI $61,677 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,583 @ 7.0% cap · market cap 7.26%
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-story property combines ground-floor commercial space with a private elevator-served residential penthouse and covered balconies.
Where is this mixed-use property located?
The property is located at 5015 SW 91 Terrace 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: 5,340 square feet across a three‑story mixed‑use building; Two‑story penthouse residence measures more than 3,700 square feet; First‑floor commercial space is occupied by a long‑term tenant
