Mixed-Use Building
For Sale
$1,750,000
Pending
5213 & 5217 & 5231 Sw 91st Drive GAINESVILLE, Gainesville, FL 32608
Portfolio of free-standing commercial and residential mixed-use buildings suited for operators seeking on-site live/work tenancy.
Property Size10,804 SF
Days on Market42
Property Features for 5213 & 5217 & 5231 Sw 91st Drive GAINESVILLE
General Information
Standard status
Pending
Size
10,804 SF
Zoning
PD
Additional Details
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$12,608
Amenities
Carpet
2
Appraiser
true
1999
0.05
3
false
Paved
Slab
County Road
10804
Building Details
Building Size
10,804 SF
Year Built
2009
Buildings
3
Stories
2
Listing Agency:
(904) 569-5862
Listed By:
Pam & Tatiana Stowers
(904) 569-5862
Source:
Movetojacksonville
Added: Jul 7
Changed: Aug 16
Last Checked: Aug 16 at 9:21AM
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 Pam & Tatiana Stowers
Investment Insights
Based on property information with market context.
This for-sale mixed-use portfolio consists of three parcels within Haile Village Center and includes four free-standing buildings totaling nearly 11,000 square feet of space. The offering features two one-story buildings dedicated to commercial use, plus two additional buildings that combine ground-floor commercial space with residential apartments on the upper level.
The property includes 5217 SW 91ST DR, a one-story building with 3,024 heated and cooled square feet. 5231 SW 91ST DR includes two buildings on the parcel: a one-story building of 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. 5213 SW 91ST DR is a two-story building with approximately 2,200 square feet of commercial space on the first floor, along with two 1,200 heated and cooled square foot apartments on the second story.
Located in the heart of Haile Village Center and adjacent to Hawkstone Country Club, the portfolio provides flexible space for tenants who prefer proximity between daily work and residential needs. The property may only be sold as a package with 5231 SW 91ST DR, 5213 SW 91ST DR, and 5217 SW 91ST DR.
The property includes 5217 SW 91ST DR, a one-story building with 3,024 heated and cooled square feet. 5231 SW 91ST DR includes two buildings on the parcel: a one-story building of 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. 5213 SW 91ST DR is a two-story building with approximately 2,200 square feet of commercial space on the first floor, along with two 1,200 heated and cooled square foot apartments on the second story.
Located in the heart of Haile Village Center and adjacent to Hawkstone Country Club, the portfolio provides flexible space for tenants who prefer proximity between daily work and residential needs. The property may only be sold as a package with 5231 SW 91ST DR, 5213 SW 91ST DR, and 5217 SW 91ST DR.
Key Highlights
- Mixed‑use portfolio on 3 parcels with 3 total buildings and a combined 10,804 building area total (year built 2009).
- Located in Haile area; package sale required with 5217 SW 91ST DR, 5231 SW 91ST DR, and 5213 SW 91ST DR (Gainesville, FL).
- 5217 SW 91ST DR is a 1‑story building with 3,024 heated and cooled sq ft.
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
$134,769
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
7.70%
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%
$2,695,380
$2.7M
Cap Rate 7%
$1,925,271
$1.9M
Cap Rate 9%
$1,497,433
$1.5M
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
$213.9K $19.80/SF
− Vacancy
−$34.2K −$3.17/SF
EGI
$179.7K $16.63/SF
− OpEx
−$44.9K −$4.16/SF
NOI
$134.8K $12.47/SF
Area
Gainesville, FL
Vacancy
16.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
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%
$2,695,380
Cap Rate 7%
$1,925,271
Cap Rate 9%
$1,497,433
Alternative Uses
Best Use
Office B
$1.93M
$1.68M – $2.25M
NOI $134,769 @ 7.0% cap · market cap 7.70%
Second Best
Mixed Use
$1.78M
$1.56M – $2.08M
NOI $124,786 @ 7.0% cap · market cap 7.13%
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
4
Residential units
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Portfolio of free-standing commercial and residential mixed-use buildings suited for operators seeking on-site live/work tenancy.
Where is this mixed-use property located?
The property is located at 5213 & 5217 & 5231 Sw 91st Drive GAINESVILLE 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: Mixed‑use portfolio on 3 parcels with 3 total buildings and a combined 10,804 building area total (year built 2009).; Located in Haile area; package sale required with 5217 SW 91ST DR, 5231 SW 91ST DR, and 5213 SW 91ST DR (Gainesville, FL).; 5217 SW 91ST DR is a 1‑story building with 3,024 heated and cooled sq ft.
