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 Market214
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: Oct 19
Last Checked: Oct 19 at 7:31AM
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
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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 / Yr
$39,106
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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
