Haile Village Mixed-Use
For Sale
$1,750,000
5213 & 5217 & 5231 SW 91ST Dr, Gainesville, FL 32608
Mixed-use portfolio in Haile Village Center with commercial and residential spaces.
Property Size10,804 SF
Lot Size0.05 Acres
Price / SF$174.58
Days on Market152
Property Features for 5213 & 5217 & 5231 SW 91ST Dr
General Information
Standard status
Active
Size
10,804 SF
Lot size
0.05 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,608
Building Details
Building Size
10,804 SF
Year Built
2009
Stories
2
Listing Agency:
Bosshardt Realty Services
(352) 318-9700
Listed By:
Aaron Bosshardt · License ##BK635736
(352) 318-9700
Source:
Elliman
Added: Mar 12
Changed: Aug 8
Last Checked: Aug 8 at 6:13AM
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 Bosshardt Realty Services
Investment Insights
Based on property information with market context.
This unique investment opportunity features a portfolio of three parcels located in the desirable Haile Village Center, adjacent to the Hawkstone Country Club. Haile Village is a modern mixed-use development with a historic neighborhood charm. The portfolio includes four free-standing buildings totaling nearly 11,000 square feet. Two buildings are single-story structures dedicated to commercial space. The other two buildings feature commercial space on the ground floor with residential apartments on the second level. The building at 5217 SW 91ST DR is a one-story building with 3,024 heated and cooled square feet. The parcel at 5231 SW 91ST DR includes two buildings: a one-story building with approximately 1,200 heated and cooled square feet, and a two-story building with 1,200 heated and cooled square feet of commercial space on the first level and 1,200 heated and cooled square feet of residential apartment space on the second level. The building at 5213 SW 91ST DR is a two-story structure with approximately 2,200 square feet of commercial space on the first floor and two 1,200 square foot apartments on the second story. The property offers tenants the opportunity to live and work in a location with tree-lined streets, weekend farmer's markets, and walkability to dining and recreation. The property may only be sold as a package with 5231 SW 91ST DR, 5213 SW 91ST DR, and 5217 SW 91ST DR in Gainesville, FL 32608.
Key Highlights
- Unique investment opportunity: Portfolio of 3 parcels with 4 free‑standing buildings totaling nearly 11,000 sq ft in Haile Village Center.
- Mixed‑use property: Includes commercial space and residential apartments, offering diverse income streams.
- Prime location: Situated in the highly desirable Haile Village Center, adjacent to Hawkstone Country Club.
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
$115,777
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
6.62%
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%
$2,315,540
$2.3M
Cap Rate 7%
$1,653,957
$1.7M
Cap Rate 9%
$1,286,411
$1.3M
Market Conditions
NOI Build-Up for 10,024 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
$210.5K $21.00/SF
− Vacancy
−$25.3K −$2.52/SF
EGI
$185.2K $18.48/SF
− OpEx
−$69.5K −$6.93/SF
NOI
$115.8K $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%
$2,315,540
Cap Rate 7%
$1,653,957
Cap Rate 9%
$1,286,411
Alternative Uses
Best Use
Mixed Use
$1.65M
$1.45M – $1.93M
NOI $115,777 @ 7.0% cap · market cap 6.62%
Second Best
Retail
$1.52M
$1.33M – $1.77M
NOI $106,283 @ 7.0% cap · market cap 6.07%
Theoretical Best
Office A
$2.48M
$2.17M – $2.90M
NOI $173,792 @ 7.0% cap · market cap 9.93%
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 Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use portfolio in Haile Village Center with commercial and residential spaces.
Where is this mixed-use property located?
The property is located at 5213 & 5217 & 5231 SW 91ST Dr Gainesville, FL.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Unique investment opportunity: Portfolio of 3 parcels with 4 free‑standing buildings totaling nearly 11,000 sq ft in Haile Village Center.; Mixed‑use property: Includes commercial space and residential apartments, offering diverse income streams.; Prime location: Situated in the highly desirable Haile Village Center, adjacent to Hawkstone Country Club.
