Mixed-Use Corner
5216 SW 91st Terrace, Gainesville, FL 32608
For Sale
$644,572
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 Market48
Property Features for 5216 SW 91st Terrace
General Information
Standard status
Size
Additional Details
Gross Income
Building Details
Year Built
Listing Agency:
MANAGEMENT CONSULTING & STRATEGY GROUP
Listed By:
Larina Hintze · License FL #3164355
(352) 262-7462
Source:
Livewelltampabay
Added: Sep 26
Changed: Nov 10
Last Checked: Oct 7 at 5:45PM
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
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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 / Yr
$33,530
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
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
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 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.
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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
$340,200
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Gainesville, FL
Properties on Market for Mixed-use properties in Gainesville
Vacancy Rate% for Office in South region
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
