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    Property profile & analytics

    5218 91st Dr, Unit 102 Gainesville, FL 32608-3072

    • Office buildings
    • 651 SF
    • 0.05 lot acres
    OFF-MARKET
    Last Sale
    May 04, 2021
    $135,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-7003449
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • VanBeek Realty, LLC / Real Estate Agency
    • Lacey Richeson, Realtor / Real Estate Agency
    • Serendipity-A Hair Salon / Hair Salon / Nail Salon
    • Hang Ten Nail Design / Nail Salon
    • Andreya Giansanti Permanent Cosmetics & Eyelash Extensions / Hair Salon / Nail Salon

    Property Details for 5218 91st Dr

    Year built
    1995
    Construction
    WOOD
    Lot size
    0.05 lot acres
    Property size
    651 SF
    Zone code
    PD
    Property type
    Office buildings
    APN
    06853-102-102
    APU
    6853102102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Gainesville
    County
    Alachua
    State
    Florida
    Longitude
    -82.4388
    Latitude
    29.6057
    CBSA code
    23540
    CBSA name
    GAINESVILLE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,855
    $41,162
    $81,738
    $122,900
    -
    $41,162
    $81,738
    $122,900

    Comparable in this City

    • Value Estimation by Request
      474 SF

      3813 34th St

      OFFICE BUILDING (MULTI-STORY) • 474 SF
      3813 34th St, Gainesville, FL 32608-1456
      View Details
    • Value Estimation
      $3,255,000
      16,620 SF

      5001 Celebration Pointe Ave, Unit 2

      OFFICE BUILDING • 16,620 SF
      5001 Celebration Pointe Ave, Gainesville, FL 32608-5080
      View Details
    • Value Estimation
      $1,410,000
      1,809 SF

      9144 49th Pl

      OFFICE BUILDING (MULTI-STORY) • 1,809 SF
      9144 49th Pl, Gainesville, FL 32608-8255
      View Details
    • Value Estimation by Request
      2,400 SF

      5650 34th St

      OFFICE BUILDING (MULTI-STORY) • 2,400 SF
      5650 34th St, Gainesville, FL 32608-5331
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    • Value Estimation by Request
      850 SF

      6120 13th St

      OFFICE BUILDING (MULTI-STORY) • 850 SF
      6120 13th St, Gainesville, FL 32608-5338
      View Details
    • Value Estimation
      $3,445,000
      2,720 SF

      1331 13th St

      OFFICE BUILDING (MULTI-STORY) • 2,720 SF
      1331 13th St, Gainesville, FL 32608-1101
      View Details

    Similar Nearby for Sale

    • $577,700
      1,800 SF

      Gainesville Office Building in Golf Community

      High-end office building in a golf community with amenities.
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    • New
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      Gainesville Office Investment Opportunity

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      Gainesville Office Building For Sale

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    • $577,700

      Gainesville Office Building in Golf Community

      High-end office building in a golf community with amenities.
      5220 SW 91St Ter, Gainesville, FL 32608
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    • $1,373,760

      Mixed-Use Property in Haile Village

      Charming mixed-use building in a vibrant, walkable community.
      5207 SW 91St Ter, Gainesville, FL 32608
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    • $6,600,000
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      Gainesville Mixed-Use Development Opportunity

      20-acre mixed-use development opportunity in Gainesville, Florida.
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    Similar Nearby for Lease

    • $7,200 /Mo

      Haile Village Center Office Space

      Office space in a sought-after community with mixed residences.
      4965 SW 91St Ter, Gainesville, FL 32608
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    • $27 SF/Yr

      Gainesville Office Space Opportunity

      Prime office space for rent in a thriving commercial area.
      3833 SW 37Th Blvd, Gainesville, FL 32608
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    • $27,600

      Furnished Office Space in Gainesville

      Modern, fully furnished office space in Haile Plantation, Gainesville.
      9144 SW 49Th St, Gainesville, FL 32608
      View Details
    • $27,600
      1,834 SF

      Modern Furnished Office in Gainesville

      Professionally designed, fully furnished office space in Haile Plantation.
      9144 Sw 49Th Pl, Gainesville, FL 32608
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    • Contact for pricing
      28,000 SF

      Gainesville Office Space Available

      28,000 square foot office space for rent.
      2700 SW 13Th St, Gainesville, FL 32608
      View Details
    • Contact for pricing
      3,967 SF

      Gainesville Office Space For Rent

      Office space with flexible layout and high traffic exposure.
      2550 SW 76Th St, Gainesville, FL 32608
      View Details
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    Gainesville, FL 32608-3072
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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