Mixed-Use Corner
New
For Sale
$644,572
5216 SW 91st Terrace, Gainesville, FL 32608
An updated commercial suite and an upstairs residence share a walkable setting in Gainesville’s Haile Village Center.
Property Size2,688 SF
Price / SF$239.80
Days on Market2
Property Features for 5216 SW 91st Terrace
General Information
Standard status
Active
Size
2,688 SF
Additional Details
Gross Income
$62,000
Building Details
Year Built
1995
Listing Agency:
MANAGEMENT CONSULTING & STRATEGY GROUP
Listed By:
Larina Hintze · License #3164355
(352) 262-7462
Source:
Livewelltampabay
Added: Sep 26
Last Checked: Sep 26 at 3:06PM
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
Investment Insights
Based on property information with market context.
Built in 1995, this mixed-use property pairs a 1,728-square-foot commercial suite that has been updated with a residential unit on the upper floor. Its corner configuration places both components within one building, combining commercial and residential space at the same address.
The property is in Haile Village Center in Gainesville, a walkable area with professional offices, boutiques, cafes, and restaurants. On-site parking is available.
The property is in Haile Village Center in Gainesville, a walkable area with professional offices, boutiques, cafes, and restaurants. On-site parking is available.
Key Highlights
- Updated 1,728‑square‑foot commercial suite
- Upstairs residential unit
- Corner building in Haile Village Center, Gainesville
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
$33,530
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
5.20%
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%
$670,600
$670.6K
Cap Rate 7%
$479,000
$479.0K
Cap Rate 9%
$372,556
$372.6K
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
$53.2K $19.80/SF
− Vacancy
−$8.5K −$3.17/SF
EGI
$44.7K $16.63/SF
− OpEx
−$11.2K −$4.16/SF
NOI
$33.5K $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%
$670,600
Cap Rate 7%
$479,000
Cap Rate 9%
$372,556
Alternative Uses
Best Use
Office B
$479.0K
$419.1K – $558.8K
NOI $33,530 @ 7.0% cap · market cap 5.20%
Second Best
Mixed Use
$443.5K
$388.1K – $517.4K
NOI $31,046 @ 7.0% cap · market cap 4.82%
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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - An updated commercial suite and an upstairs residence share a walkable setting in Gainesville’s Haile Village Center.
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: Updated 1,728‑square‑foot commercial suite; Upstairs residential unit; Corner building in Haile Village Center, Gainesville
