Mixed-Use Retail and Apartment
5207 Southwest Sw 91st Terrace Gainesville, FL 32608
5207 Southwest Sw 91st Terrace, Gainesville, FL, 32608
$1,373,760
For Sale
$1,373,760
Corner mixed-use building with a retail space and two leased 2-bedroom, 2-bath apartments plus oversized patios.
Property Size5,184 SF
Price / SF$265
Days on Market373
Property Features for 5207 Southwest Sw 91st Terrace
General Information
- Standard status
- Active
- Size
- 5,184 SF
- Property subtype
- Commercial Sale / Mixed Use
Building Details
- Year Built
- 1997
Listing agency
MANAGEMENT CONSULTING & STRATEGY GROUP
(352) 262-7462
Listed by
Larina Hintze · License #3164355
(352) 262-7462
Source
Compass
Added: Jul 15, 2025 Updated: Jul 21 at 1:39AM Checked: Jul 21 at 8:34AM
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 MANAGEMENT CONSULTING & STRATEGY GROUP
Investment Insights
Based on property information with market context.
Offered for sale as a mixed-use property featuring a retail unit and two residential apartments, all within a well-maintained building. Unit A is a retail space leased to the Haile Village Spa & Salon. Units B and C are each 2-bedroom, 2-bath apartments with separate monthly rents and lease end dates of 6/30/2026 and 7/31/2026.
Located in Haile Village Center, the building includes oversized patios and sits within a walkable live-work-play environment with ample parking. The property is described as highly visible as a corner building.
The current income structure includes Unit A retail rent of $4,282 per month and apartment rents of $1,975 per month each for Units B and C, resulting in total gross rent of $98,784 annually. The offering is positioned as a diversified portfolio with both retail and residential income components.
Located in Haile Village Center, the building includes oversized patios and sits within a walkable live-work-play environment with ample parking. The property is described as highly visible as a corner building.
The current income structure includes Unit A retail rent of $4,282 per month and apartment rents of $1,975 per month each for Units B and C, resulting in total gross rent of $98,784 annually. The offering is positioned as a diversified portfolio with both retail and residential income components.
Key Highlights
- Corner mixed‑use building (built 1997) with retail plus two leased 2‑bedroom, 2‑bath apartments and oversized patios
- Retail space: 2,592 SF leased to Haile Village Spa & Salon for $4,282/month
- Residential units B & C: each 1,250 SF 2‑bedroom, 2‑bath apartments leased at $1,975/month
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.9k | $21.00 |
| − Vacancy | −$13.1k | −$2.52 |
| EGI | $95.8k | $18.48 |
| − OpEx | −$35.9k | −$6.93 |
| NOI | $59.9k | $11.55 |
5,184 SF · lease $21.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$855.4K
$748.4K – $997.9K
NOI $59,875 @ 7.0% cap · market cap 4.36%
Second Best
Retail
$785.2K
$687.1K – $916.1K
NOI $54,965 @ 7.0% cap · market cap 4.00%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,878 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Julia Phillips
Physician
Haile Village Spa ...
Alternative Medicine Practice
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Corner mixed-use building with a retail space and two leased 2-bedroom, 2-bath apartments plus oversized patios.
Where is this mixed-use property located?
The property is located at 5207 Southwest Sw 91st Terrace Gainesville, FL.
What is the asking price?
The asking price for this property is $1,373,760.
What are key features of this property?
This property features: Corner mixed‑use building (built 1997) with retail plus two leased 2‑bedroom, 2‑bath apartments and oversized patios; Retail space: 2,592 SF leased to Haile Village Spa & Salon for $4,282/month; Residential units B & C: each 1,250 SF 2‑bedroom, 2‑bath apartments leased at $1,975/month
