Building Details

Building Size 11,018 SF

Year Built 1993

Listing Agency: Bosshardt Realty Services

Listed By: Aaron Bosshardt · License #FL #BK635736 Show Phone

Source: Bosscommercial

Added: Jun 25 Changed: Oct 2 Last Checked: Oct 16 at 5:58AM

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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 Bosshardt Realty Services

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Investment Insights

Based on property information with market context.

This office offering includes three properties associated with 5217 SW 91ST DR, 5231 SW 91ST DR, and 5213 SW 91ST DR in Gainesville, Florida. The buildings contain 3,024 heated and cooled square feet, 3,600 heated and cooled square feet, and 4,180 heated and cooled square feet, respectively.

Constructed in 1993, the properties are presented together as an office building offering within the Haile Village Center area. The individual addresses and varied building sizes provide a clearly defined multi-property configuration for review.

Key Highlights

• Three office properties at 5217 SW 91ST DR, 5231 SW 91ST DR, and 5213 SW 91ST DR
• 3,024 heated and cooled square feet at 5217 SW 91ST DR
• 3,600 heated and cooled square feet at 5231 SW 91ST DR

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$137,439

Cap Rate

7.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,748,780 $2.7M

Cap Rate 7%

$1,963,414 $2.0M

Cap Rate 9%

$1,527,100 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 11,018 SF

Gross rent

$218.2K $19.80/SF

− Vacancy

−$34.9K −$3.17/SF

EGI

$183.3K $16.63/SF

− OpEx

−$45.8K −$4.16/SF

NOI

$137.4K $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%

$2,748,780

Cap Rate 7%

$1,963,414

Cap Rate 9%

$1,527,100

Alternative Uses

Best Use

Office B

$1.96M

$1.72M – $2.29M (±1% cap)

NOI $137,439 @ 7.0% cap · market cap 7.85%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.73M

$2.39M – $3.18M (±1% cap)

NOI $191,026 @ 7.0% cap · market cap 10.92%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Office buildings

Suggested Use

Top Pick Auto Repair Shop Building Supply Pharmacy Restaurant HVAC Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Three office properties provide a multi-building commercial configuration in Gainesville.

Where is this office building located?

The property is located at 5217 SW 91ST DR 5231 SW 91ST DR 5213 SW 91ST DR Gainesville, FL.

What is the asking price?

The asking price for this property is $1,750,000.

What are key features of this property?

This property features: Three office properties at 5217 SW 91ST DR, 5231 SW 91ST DR, and 5213 SW 91ST DR; 3,024 heated and cooled square feet at 5217 SW 91ST DR; 3,600 heated and cooled square feet at 5231 SW 91ST DR