Haile Village Mixed-Use
For Sale
$644,572
5216 SW 91ST Ter, Gainesville, FL 32608
Prime mixed-use property in vibrant Haile Village, Gainesville.
Property Size2,688 SF
Price / SF$373.02
Days on Market156
Property Features for 5216 SW 91ST Ter
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,144
Building Details
Building Size
2,688 SF
Year Built
1995
Stories
2
Units
2
Listing Agency:
MANAGEMENT CONSULTING & STRATEGY GROUP LLC
(352) 262-7462
Listed By:
Larina Hintze · License #3164355
(352) 262-7462
Source:
Elliman
Added: Mar 10
Changed: Aug 8
Last Checked: Aug 8 at 12:06PM
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 MANAGEMENT CONSULTING & STRATEGY GROUP LLC
Investment Insights
Based on property information with market context.
Located in the heart of Haile Village Center, a live-work-play destination, this property offers a prime location and investment opportunity within a vibrant mixed-use community. The area benefits from strong foot traffic and established retail and office demand. The property features a commercial space of 1,728 square feet, which has been recently updated. The commercial space has all-inclusive leases totaling $2250, plus one vacant space on the market to lease for $900. There is also an upstairs residential unit, currently leased month-to-month for $1,400 per month. The property's potential gross income is $5,200 per month, or $62,000 annually. The building is situated on a highly visible corner, offering exceptional exposure and curb appeal. The flexible layout accommodates a variety of uses, including medical, creative, consulting, wellness, legal, financial, and real estate. The walkable area also provides ample parking. This property is surrounded by professional offices, boutiques, cafes, and restaurants.
Key Highlights
- Prime location in Haile Village Center, a high‑traffic, mixed‑use community.
- Investment opportunity with portfolio sale of five buildings at a discounted price.
- High visibility corner building with exceptional exposure and curb appeal.
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
$21,555
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
3.34%
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%
$431,100
$431.1K
Cap Rate 7%
$307,929
$307.9K
Cap Rate 9%
$239,500
$239.5K
Market Conditions
NOI Build-Up for 1,728 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
$34.2K $19.80/SF
− Vacancy
−$5.5K −$3.17/SF
EGI
$28.7K $16.63/SF
− OpEx
−$7.2K −$4.16/SF
NOI
$21.6K $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%
$431,100
Cap Rate 7%
$307,929
Cap Rate 9%
$239,500
Alternative Uses
Best Use
Office B
$307.9K
$269.4K – $359.3K
NOI $21,555 @ 7.0% cap · market cap 3.34%
Second Best
Mixed Use
$285.1K
$249.5K – $332.6K
NOI $19,958 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$428.0K
$374.5K – $499.3K
NOI $29,959 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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 Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Prime mixed-use property in vibrant Haile Village, Gainesville.
Where is this mixed-use property located?
The property is located at 5216 SW 91ST Ter Gainesville, FL.
What is the asking price?
The asking price for this property is $644,572.
What are key features of this property?
This property features: Prime location in Haile Village Center, a high‑traffic, mixed‑use community.; Investment opportunity with portfolio sale of five buildings at a discounted price.; High visibility corner building with exceptional exposure and curb appeal.
