Mixed-Use Property with Metal
For Sale
$1,150,000
360 South Lakeview Drive, Lake Helen, FL 32744
Lake Helen, FL
Property Size3,684 SF
Lot Size1.00 Acre
Price / SF$312.16
Days on Market33
Property Features for 360 South Lakeview Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
3,684 SF
Lot size
1.00 Acre
Building Details
Year built
1988
Listing Agency:
NextHome Realty Pros
(386) 668-2626
Listed By:
Ron Hadd · License #3195406
(386) 717-1375
Added: Aug 21
Changed: Sep 22
Last Checked: Sep 22 at 11:06PM
MLS# V4948679
Copyright © 2026 NextHome, Inc. 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 mixed-use property combines commercial and residential space within a 3,684-square-foot building. Two commercial units occupy the front portion, while four residential rental units provide the balance of the configuration. The property is currently occupied, with a new metal roof and fresh interior and exterior paint noted among the improvements.
The asset encompasses approximately 1 acre across three parcels measuring 200 feet by 200 feet. Located at 360 South Lakeview Drive in Lake Helen, the property is near a park, horse arena, and downtown area. Built in 1988, it offers an established combination of commercial and residential occupancy in a single property.
The asset encompasses approximately 1 acre across three parcels measuring 200 feet by 200 feet. Located at 360 South Lakeview Drive in Lake Helen, the property is near a park, horse arena, and downtown area. Built in 1988, it offers an established combination of commercial and residential occupancy in a single property.
Key Highlights
- 3,684‑square‑foot mixed‑use building with two commercial and four residential units
- Approximately 1 acre across three parcels measuring 200 feet by 200 feet
- All commercial and residential units are currently occupied
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
$45,507
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
3.96%
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%
$910,140
$910.1K
Cap Rate 7%
$650,100
$650.1K
Cap Rate 9%
$505,633
$505.6K
Market Conditions
NOI Build-Up for 3,684 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
$79.6K $21.60/SF
− Vacancy
−$6.8K −$1.84/SF
EGI
$72.8K $19.76/SF
− OpEx
−$27.3K −$7.41/SF
NOI
$45.5K $12.35/SF
Area
Volusia County, FL
Vacancy
8.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
37.50%
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%
$910,140
Cap Rate 7%
$650,100
Cap Rate 9%
$505,633
Alternative Uses
Best Use
Mixed Use
$650.1K
$568.8K – $758.5K
NOI $45,507 @ 7.0% cap · market cap 3.96%
Second Best
Retail
$495.7K
$433.7K – $578.3K
NOI $34,698 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,038 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
8k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Circle K
Shops & Services
8,087 visits/mo
0.2 miles
Demographics for 32744, FL
3,789
Population
1,411
Households
2.7
Avg Household Size
51
Median Age
25%
College-Educated
89%
High-School Grad
13.6 sq mi
ZIP Area
279
Density / Sq Mi
$95,096
Median Household Income
$48,500
Median Earnings
$1,150
Median Rent
$371,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two commercial suites and four residential rentals are currently occupied within the property’s mixed-use configuration.
Where is this mixed-use property located?
The property is located at 360 South Lakeview Drive Lake Helen, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,684‑square‑foot mixed‑use building with two commercial and four residential units; Approximately 1 acre across three parcels measuring 200 feet by 200 feet; All commercial and residential units are currently occupied
