Mixed-Use Portfolio with
New
For Sale
$1,750,000
Pending
5213 & 5217 & 5231 SW 91ST, Gainesville, FL 32608
Three-parcel assemblage combines commercial space with upper-level apartments in Haile Village Center.
Property Size10,804 SF
Days on Market5
Property Features for 5213 & 5217 & 5231 SW 91ST
General Information
Standard status
Pending
Size
10,804 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,608
Building Details
Building Size
10,804 SF
Year Built
2009
Listing Agency:
Bosshardt Realty Services
(352) 318-9700
Listed By:
Aaron Bosshardt · License ##BK635736
(352) 318-9700
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 19 at 12:59PM
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 mixed-use portfolio comprises 3 parcels and 4 freestanding buildings totaling nearly 11,000 square feet. Two structures are single-story commercial buildings, while the remaining buildings combine ground-floor commercial areas with residential apartments above. The property includes a 3,024-square-foot building at 5217 SW 91ST DR, plus two buildings at 5231 SW 91ST DR, including a two-story structure with 1,200 square feet of commercial area and a 1,200-square-foot apartment. At 5213 SW 91ST DR, the two-story building contains approximately 2,200 square feet of commercial space and two 1,200-square-foot apartments. The buildings were constructed in 2009.
The assemblage is located in Haile Village Center in Gainesville, adjacent to Hawkstone Country Club. The surrounding development includes tree-lined streets and weekend farmers markets. Walk Score is 65, while Bike Score is 66. The property is offered as a package with 5213, 5217, and 5231 SW 91ST DR.
The assemblage is located in Haile Village Center in Gainesville, adjacent to Hawkstone Country Club. The surrounding development includes tree-lined streets and weekend farmers markets. Walk Score is 65, while Bike Score is 66. The property is offered as a package with 5213, 5217, and 5231 SW 91ST DR.
Key Highlights
- 3‑parcel portfolio with 4 freestanding buildings
- Nearly 11,000 square feet of mixed‑use space
- Two‑story buildings combine commercial areas and residential apartments
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
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 - Three-parcel assemblage combines commercial space with upper-level apartments in Haile Village Center.
Where is this mixed-use property located?
The property is located at 5213 & 5217 & 5231 SW 91ST 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: 3‑parcel portfolio with 4 freestanding buildings; Nearly 11,000 square feet of mixed‑use space; Two‑story buildings combine commercial areas and residential apartments
