Gainesville Commercial Property For
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5216 SW 91st Terrace, Gainesville, FL 32608
Commercial property in Haile Plantation with income potential.
Property Size2,688 SF
Price / SF$239.80
Days on Market161
Property Features for 5216 SW 91st Terrace
General Information
Standard status
Active
Size
2,688 SF
Property subtype
Mixed Use
Zoning
PD
Occupancy
75%
Building Details
Year Built
1995
Buildings
1
Stories
2
Units
2
Listing Agency:
Lee & Associates Gainesville
(352) 664-2567
Listed By:
Brian Oen · License #SL3543025
Source:
Crexi
Added: Mar 20
Changed: Aug 8
Last Checked: Jul 27 at 7:29PM
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 Lee & Associates Gainesville
Investment Insights
Based on property information with market context.
Located in the Haile Plantation area of Gainesville, Florida, this commercial property features a 2,688 square foot building constructed in 1995. The property contains 2 units, offering flexibility and income potential. Zoned PD, the property is suitable for a range of business endeavors. It is part of a portfolio of 5 mixed-use buildings, but can be purchased individually. The location provides access to the Gainesville business community, making it suitable for establishing or expanding a business presence.
Key Highlights
- Located in the desirable Haile Plantation area of Gainesville, FL.
- Part of a mixed‑use building portfolio offering diverse investment options.
- Features a well‑maintained 2,688± SF building with 2 units, providing flexibility.
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
$31,046
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
4.82%
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%
$620,920
$620.9K
Cap Rate 7%
$443,514
$443.5K
Cap Rate 9%
$344,956
$345.0K
Market Conditions
NOI Build-Up for 2,688 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
$56.4K $21.00/SF
− Vacancy
−$6.8K −$2.52/SF
EGI
$49.7K $18.48/SF
− OpEx
−$18.6K −$6.93/SF
NOI
$31.0K $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%
$620,920
Cap Rate 7%
$443,514
Cap Rate 9%
$344,956
Alternative Uses
Best Use
Mixed Use
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 4.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$665.8K
$582.5K – $776.7K
NOI $46,603 @ 7.0% cap · market cap 7.23%
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property in Haile Plantation with income potential.
Where is this mixed-use property located?
The property is located at 5216 SW 91st Terrace 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: Located in the desirable Haile Plantation area of Gainesville, FL.; Part of a mixed‑use building portfolio offering diverse investment options.; Features a well‑maintained **2,688± SF building with 2 units, providing flexibility.**
