Mixed-Use Portfolio with
For Sale
$1,750,000
Pending
5213 & 5217 & 5231 SW 91ST Drive, Gainesville, FL 32608
Commercial Sale, GAINESVILLE, FL
Property Size10,804 SF
Lot Size0.05 Acres
Days on Market526
Property Features for 5213 & 5217 & 5231 SW 91ST Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PD
Subdivision
HAILE VILLAGE CENTER
Directions
Head west on Archer Rd coming from the intersection of Tower Rd and Archer Rd > Turn right onto SW 91st St > Turn left onto SW 53rd Ave > Turn right onto SW 91st Dr.
Standard status
Pending
APN
06853-040-003
Size
10,804 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
HAILE VILLAGE CENTER OR 1896/1323 COMMERCIAL PARCEL 7-B INT LOT 4 OF HAILE VILLAGE CENTER PHASE I OR 3884/0463
Tax Annual Amount
12608
Legal Description
HAILE VILLAGE CENTER OR 1896/1323 COMMERCIAL PARCEL 7-B INT LOT 4 OF HAILE VILLAGE CENTER PHASE I OR 3884/0463
Utilities
Cooling system
Central Air
Building Details
Year built
2009
Floors in Building
2
Flooring type
Carpet
Building materials
HardiPlank Type, Stucco
Listing Agency:
BOSSHARDT REALTY SERVICES LLC
(352) 371-6100
Listed By:
Aaron Bosshardt · License #BK635736
(352) 318-9700
Added: Mar 20, 2025
Changed: Aug 24
Last Checked: Aug 27 at 2:06PM
MLS# GC528597
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 mixed-use portfolio comprises three parcels and four freestanding buildings totaling 10,804 square feet. Two buildings are single-story commercial properties, while the remaining buildings pair ground-floor commercial space with second-floor residential apartments. The improvements were constructed in 2009 and include HardiPlank and stucco exterior materials, carpet flooring, and central air conditioning.
The property is located at 5213, 5217, and 5231 SW 91ST Drive in Gainesville, within the Haile Village Center and adjacent to Hawkstone Country Club. The portfolio is subject to PD zoning and is offered as a package comprising all three parcels and the associated buildings.
The property is located at 5213, 5217, and 5231 SW 91ST Drive in Gainesville, within the Haile Village Center and adjacent to Hawkstone Country Club. The portfolio is subject to PD zoning and is offered as a package comprising all three parcels and the associated buildings.
Key Highlights
- Three‑parcel portfolio at 5213, 5217, and 5231 SW 91ST Drive
- Four freestanding buildings with 10,804 square feet combined
- Two single‑story commercial buildings
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
$124,786
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
7.13%
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%
$2,495,720
$2.5M
Cap Rate 7%
$1,782,657
$1.8M
Cap Rate 9%
$1,386,511
$1.4M
Market Conditions
NOI Build-Up for 10,804 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
$226.9K $21.00/SF
− Vacancy
−$27.2K −$2.52/SF
EGI
$199.7K $18.48/SF
− OpEx
−$74.9K −$6.93/SF
NOI
$124.8K $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%
$2,495,720
Cap Rate 7%
$1,782,657
Cap Rate 9%
$1,386,511
Alternative Uses
Best Use
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,786 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,180 @ 7.0% cap · market cap 5.44%
Theoretical Best
Office A
$2.68M
$2.34M – $3.12M
NOI $187,315 @ 7.0% cap · market cap 10.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
330
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 - Four buildings combine commercial suites with upstairs apartments across three parcels in a planned mixed-use setting.
Where is this mixed-use property located?
The property is located at 5213 & 5217 & 5231 SW 91ST Drive 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: Three‑parcel portfolio at 5213, 5217, and 5231 SW 91ST Drive; Four freestanding buildings with 10,804 square feet combined; Two single‑story commercial buildings
