4-Unit Mixed-Use
5214 SW 91ST WAY, Gainesville, FL 32608
For Sale
$795,000
Ground-level office or retail space is paired with second-floor apartments in this two-level property.
Property Size3,240 SF
Price / SF$245.37
Days on Market44
Property Features for 5214 SW 91ST WAY
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Amenities
weekly Farmer's Market
Oktoberfest
Light the Village
Building Details
Year Built
Buildings
Stories
Tenancy
Listing Agency:
BHGRE THOMAS GROUP
(352) 226-8228
Listed By:
Billy Bennett · License FL #3591407
(352) 514-9980
Source:
Dennisrealty
Added: Sep 30
Changed: Nov 10
Last Checked: Nov 10 at 7:34AM
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 BHGRE THOMAS GROUP
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Investment Insights
Based on property information with market context.
This 3,240-square-foot mixed-use building, constructed in 2006, has four spaces across two floors. The ground level contains two office or retail spaces, while the second floor holds two one-bedroom, one-bathroom apartments. A metal roof was installed recently, and exterior repairs were completed in 2025.
The property is in Haile Plantation Village Center, where a weekly farmers market and seasonal community events are held.
The property is in Haile Plantation Village Center, where a weekly farmers market and seasonal community events are held.
Key Highlights
- 3,240 square feet across four spaces
- Two ground‑floor office or retail spaces
- Two upstairs apartments, each with one bedroom and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,422
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,440
$748.4K
Cap Rate 7%
$534,600
$534.6K
Cap Rate 9%
$415,800
$415.8K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$68.0K $21.00/SF
− Vacancy
−$8.2K −$2.52/SF
EGI
$59.9K $18.48/SF
− OpEx
−$22.5K −$6.93/SF
NOI
$37.4K $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 Rate 5%
$748,440
Cap Rate 7%
$534,600
Cap Rate 9%
$415,800
Alternative Uses
Best Use
Mixed Use
$534.6K
$467.8K – $623.7K
NOI $37,422 @ 7.0% cap · market cap 4.71%
Second Best
Retail
$490.8K
$429.4K – $572.6K
NOI $34,353 @ 7.0% cap · market cap 4.32%
Theoretical Best
Office A
$802.5K
$702.2K – $936.2K
NOI $56,174 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
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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
$340,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Gainesville, FL
Properties on Market for Mixed-use properties in Gainesville
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-level office or retail space is paired with second-floor apartments in this two-level property.
Where is this mixed-use property located?
The property is located at 5214 SW 91ST WAY Gainesville, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 3,240 square feet across four spaces; Two ground‑floor office or retail spaces; Two upstairs apartments, each with one bedroom and one bathroom
