Mixed-Use Building with
For Sale
$795,000
5214 SW 91ST Way, Gainesville, FL 32608
Commercial Sale, GAINESVILLE, FL
Property Size3,240 SF
Lot Size0.06 Acres
Price / SF$245.37
Days on Market10
Property Features for 5214 SW 91ST Way
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
PD
Pets allowed
Yes
Subdivision
HAILE VILLAGE CENTER
Lot features
Central Business District
Directions
From SW Archer RD and SW 91st Street intersection, travel north to the 4-way stop at SW 46th Blvd. Turn left onto SW 46th Blvd, then take a right entering The Haile Village enter onto SW 91st Ter. Travel approximately 1.5 blocks to turn left just before Volcanic Sushi, the building will be straight ahead to your right, 5214 SW 91st Way. (blue building)
Standard status
Active
APN
06860-400-028
Size
3,240 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
COM NW COR LOT 1 HAILE PLANTATION UNIT 24 PB P-87 N 28 DEG 17 MIN 33 SEC E 40 FT N 61 DEG 42 MIN 27 SEC W 90 FT N 79 DEG 14 MIN 36 SEC W 478.05 FT S 30 DEG 57 MIN 59 SEC W 135.28 FT N 57 DEG 03 MIN 01 SEC W 107.06 FT S 30 DEG 57 MIN 59 SEC W 177 FT N 71 DEG 35 MIN 31 SEC W 33.06 FT S 18 DEG 24 MIN 29 SEC W 36 FT POB N 71 DEG 35 MIN 31 SEC W 30.97 FT S 00 DEG 00 MIN 00 SEC E 90.24 FT N 90 DEG 00 MIN 00 SEC E 25 FT N 00 DEG 00 MIN 00 SEC W 5.29 FT NELY ALG CURVE 74.28 FT N 71 DEG 35 MIN 31 SEC W 5 .43 FT POB AKA HAILE VILLAGE CENTER PH IV PARCEL 28/29 OR 5019/2181
Tax Annual Amount
11094
Legal Description
COM NW COR LOT 1 HAILE PLANTATION UNIT 24 PB P-87 N 28 DEG 17 MIN 33 SEC E 40 FT N 61 DEG 42 MIN 27 SEC W 90 FT N 79 DEG 14 MIN 36 SEC W 478.05 FT S 30 DEG 57 MIN 59 SEC W 135.28 FT N 57 DEG 03 MIN 01 SEC W 107.06 FT S 30 DEG 57 MIN 59 SEC W 177 FT N 71 DEG 35 MIN 31 SEC W 33.06 FT S 18 DEG 24 MIN 29 SEC W 36 FT POB N 71 DEG 35 MIN 31 SEC W 30.97 FT S 00 DEG 00 MIN 00 SEC E 90.24 FT N 90 DEG 00 MIN 00 SEC E 25 FT N 00 DEG 00 MIN 00 SEC W 5.29 FT NELY ALG CURVE 74.28 FT N 71 DEG 35 MIN 31 SEC W 5 .43 FT POB AKA HAILE VILLAGE CENTER PH IV PARCEL 28/29 OR 5019/2181
Utilities
Cooling system
Central Air
Building Details
Year built
2006
Floors in Building
2
Number of units
4
Building materials
HardiPlank Type
Roof type
Metal
Listing Agency:
BHGRE THOMAS GROUP · Better Homes and Gardens Real Estate
(352) 226-8228
Listed By:
Billy Bennett · License #3591407
(352) 514-9980
Added: Sep 24
Changed: Oct 3
Last Checked: Oct 3 at 2:06AM
MLS# GC543759
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 3,240-square-foot mixed-use building in Haile Plantation Village Center has two office or retail spaces on the ground floor and two apartments above. Each apartment contains one bedroom and one bathroom. Built in 2006, the property has HardiPlank Type exterior construction, central air, and a metal roof. Exterior repairs were completed in 2025, and the lot totals 0.06 acres.
The property is located within Haile Plantation Village Center, which hosts a weekly farmers market and seasonal community events.
The property is located within Haile Plantation Village Center, which hosts a weekly farmers market and seasonal community events.
Key Highlights
- Four‑unit configuration with two ground‑floor office or retail spaces and two apartments above
- Two apartments, each with one bedroom and one bathroom
- 3,240 square feet on a 0.06‑acre lot
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
$37,422
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
4.71%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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 - Two upper-level apartments complement ground-floor office and retail suites in a four-unit 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: Four‑unit configuration with two ground‑floor office or retail spaces and two apartments above; Two apartments, each with one bedroom and one bathroom; 3,240 square feet on a 0.06‑acre lot
