Mixed-Use Building with Residential
For Sale
Contact for pricing
9111 SW 53 Place, Gainesville, FL 32608
Two-story configuration combines first-floor commercial suites with an income-producing residential unit.
Property Size3,135 SF
Price / SF$307.93
Days on Market167
Property Features for 9111 SW 53 Place
General Information
Standard status
Active
Size
3,135 SF
Property subtype
Mixed Use
Zoning
PD
Occupancy
100%
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Office Units
3
Building Details
Year Built
1996
Buildings
1
Stories
2
Units
4
Building Size
3,135 SF
Listing Agency:
Lee & Associates Gainesville
Listed By:
Brian Oen · License #FL BK3372787
(352) 664-2567
Source:
Crexi
Added: Mar 20
Changed: Sep 1
Last Checked: Sep 1 at 9:08AM
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.
This two-story mixed-use property contains 3,135± SF arranged across four units. The first floor includes three commercial units of approximately 500± SF each, while the second floor is occupied by a 1,560± SF two-bedroom, two-bath residential income-producing unit. The building was constructed in 1996 and carries PD zoning.
The property is located in Haile Village Center within the Haile Plantation area of Gainesville, Florida. It may be acquired individually or as part of a five-building mixed-use portfolio. Across the portfolio, the buildings combine commercial space at street level with residential units above, providing a consistent mixed-use format.
The property is located in Haile Village Center within the Haile Plantation area of Gainesville, Florida. It may be acquired individually or as part of a five-building mixed-use portfolio. Across the portfolio, the buildings combine commercial space at street level with residential units above, providing a consistent mixed-use format.
Key Highlights
- 3,135± SF mixed‑use building with 4 units
- Three 500± SF commercial units on the first floor
- 1,560± SF two‑bedroom, two‑bath residential unit
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
$39,106
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
4.05%
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%
$782,120
$782.1K
Cap Rate 7%
$558,657
$558.7K
Cap Rate 9%
$434,511
$434.5K
Market Conditions
NOI Build-Up for 3,135 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
$62.1K $19.80/SF
− Vacancy
−$9.9K −$3.17/SF
EGI
$52.1K $16.63/SF
− OpEx
−$13.0K −$4.16/SF
NOI
$39.1K $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%
$782,120
Cap Rate 7%
$558,657
Cap Rate 9%
$434,511
Alternative Uses
Best Use
Office B
$558.7K
$488.8K – $651.8K
NOI $39,106 @ 7.0% cap · market cap 4.05%
Second Best
Mixed Use
$517.3K
$452.6K – $603.5K
NOI $36,209 @ 7.0% cap · market cap 3.75%
Theoretical Best
Office A
$776.5K
$679.4K – $905.9K
NOI $54,353 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story configuration combines first-floor commercial suites with an income-producing residential unit.
Where is this mixed-use property located?
The property is located at 9111 SW 53 Place Gainesville, FL.
What is the asking price?
The asking price for this property is $965,368.
What are key features of this property?
This property features: 3,135± SF mixed‑use building with 4 units; Three 500± SF commercial units on the first floor; 1,560± SF two‑bedroom, two‑bath residential unit
