Downtown Mixed-Use Office
For Sale
$449,900
305 N SINCLAIR Avenue, Tavares, FL 32778
Commercial Sale, TAVARES, FL
Property Size2,412 SF
Lot Size0.30 Acres
Price / SF$186.53
Days on Market59
Property Features for 305 N SINCLAIR Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU
Security features
Security System
Window features
Tinted Windows, Drapes
Basement
Crawl Space
Accessibility
Accessible Approach with Ramp
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Subdivision
TAVARES
Lot features
Corner Lot, City Limits, Near Public Transit, Sidewalk, Paved
Directions
From West on Old 441 follow one way on W. Caroline Street to left onto N. Sinclair Avenue to Property on right , Corner of Sinclair and Alfred Street
Standard status
Active
APN
29-19-26-0100-038-00M00
Size
2,412 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
TAVARES LOTS M N BLK 38 PB 1 PG 64 ORB 1542 PG 159
Tax Annual Amount
3187
Legal Description
TAVARES LOTS M N BLK 38 PB 1 PG 64 ORB 1542 PG 159
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Flooring type
Carpet, Tile - Ceramic
Building materials
Block, Frame
Roof type
Shingle
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Monica McDonald · License #3378363
(352) 250-8681
Added: Aug 10
Changed: Sep 30
Last Checked: Oct 7 at 11:06AM
MLS# G5118144
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,412-square-foot mixed-use property in downtown Tavares combines a professional office layout on the first floor with a residential studio-style level above. The office area includes a lobby, reception office, four conference rooms, an ADA-compliant restroom, an additional full bathroom, and a break room with kitchen area. The upper level includes a sleeping alcove, living area, office area, storage, full bathroom, and kitchen, with a private rear entrance separating it from the business space.
The 0.3-acre property is zoned MU for commercial and residential use and provides 12 off-street parking spaces. Built in 1930, the building features block and frame construction, ceramic tile and carpet flooring, central air, electric heat, public water, public sewer, and a shingle roof. Its downtown setting places the property near government offices, professional services, local businesses, and district amenities.
The 0.3-acre property is zoned MU for commercial and residential use and provides 12 off-street parking spaces. Built in 1930, the building features block and frame construction, ceramic tile and carpet flooring, central air, electric heat, public water, public sewer, and a shingle roof. Its downtown setting places the property near government offices, professional services, local businesses, and district amenities.
Key Highlights
- 2,412‑square‑foot mixed‑use building on 0.3 acres
- MU zoning supports commercial and residential use
- First‑floor office layout includes four conference rooms and multiple bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,035
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,700
$720.7K
Cap Rate 7%
$514,786
$514.8K
Cap Rate 9%
$400,389
$400.4K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$57.9K $24.00/SF
− Vacancy
−$9.8K −$4.08/SF
EGI
$48.0K $19.92/SF
− OpEx
−$12.0K −$4.98/SF
NOI
$36.0K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,700
Cap Rate 7%
$514,786
Cap Rate 9%
$400,389
Alternative Uses
Best Use
Office B
$514.8K
$450.4K – $600.6K
NOI $36,035 @ 7.0% cap · market cap 8.01%
Second Best
Mixed Use
$454.8K
$398.0K – $530.6K
NOI $31,838 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$686.4K
$600.6K – $800.8K
NOI $48,047 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
Explore this area
Business Placement
Demographics for 32778, FL
23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - MU-zoned building combines professional office space with a separately accessed residential level and off-street parking.
Where is this mixed-use property located?
The property is located at 305 N SINCLAIR Avenue Tavares, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: 2,412‑square‑foot mixed‑use building on 0.3 acres; MU zoning supports commercial and residential use; First‑floor office layout includes four conference rooms and multiple bathrooms
