Boutique Office and Residential
For Sale
$965,368
9111 SW 91ST, Gainesville, FL 32608
Office and residential units with modern upgrades in Gainesville, FL.
Property Size3,135 SF
Days on Market230
Property Features for 9111 SW 91ST
General Information
Standard status
Active
Size
3,135 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,544
Building Details
Building Size
3,135 SF
Year Built
1996
Stories
2
Units
2
Listing Agency:
MANAGEMENT CONSULTING & STRATEGY GROUP LLC
Listed By:
Larina Hintze · License #3164355
(352) 262-7462
Source:
Elliman
Added: Mar 10
Changed: Oct 25
Last Checked: Oct 24 at 5:34PM
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 LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This building features a ground floor with 3 private offices, currently generating a total monthly rent of $2,635. The upstairs residences include 2 private units, producing a total monthly rent of $4,575. The total gross monthly income is $7,210, equating to an annual gross income of $86,520. The property has new exterior paint and modern interior upgrades, attracting creative tenants such as photographers, beauticians, and medical professionals. The location's expansive parks and charming village design create a vibrant destination. The smaller, character-rich offices align perfectly with today’s flexible work trend.
Key Highlights
- Package price of $4.4M for five buildings (MLS GC533979, GC533978, GC533977, GC533976, GC533975).
- Total gross monthly rent of $7,210 ($86,520 annually).
- Boutique office spaces cater to the growing demand for smaller, character‑rich offices.
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
Apartment 5plus
$394.5K
$345.2K – $460.3K
NOI $27,618 @ 7.0% cap · market cap 2.86%
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
95
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Office and residential units with modern upgrades in Gainesville, FL.
Where is this office unit located?
The property is located at 9111 SW 91ST 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: Package price of $4.4M for five buildings (MLS GC533979, GC533978, GC533977, GC533976, GC533975).; Total gross monthly rent of $7,210 ($86,520 annually).; Boutique office spaces cater to the growing demand for smaller, character‑rich offices.
