Mixed-Use Income Property with
For Sale
$1,150,000
360 South Lakeview Drive, Lake Helen, FL 32744
COMMERCIAL - Lake Helen, FL
Property Size3,684 SF
Lot Size1.00 Acre
Price / SF$312.16
Days on Market22
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: Jul 16
Changed: Aug 4
Last Checked: Aug 6 at 10:06AM
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 income property includes two commercial units at the front of the building and four residential rental units. All units are currently occupied.
The property is located in Lake Helen, Florida at 360 S Lakeview, and sits on approximately one acre across three parcels.
Improvements noted include a new metal roof and freshly painted interiors/exteriors. The reported average income is $6,500 per month.
The property is located in Lake Helen, Florida at 360 S Lakeview, and sits on approximately one acre across three parcels.
Improvements noted include a new metal roof and freshly painted interiors/exteriors. The reported average income is $6,500 per month.
Key Highlights
- Mixed‑use property on approx. 1 acre across three parcels with 2 commercial units and 4 residential rental units
- All 6 units are currently occupied, providing immediate rental income
- New metal roof and recently painted interior/exterior as noted
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.6k | $21.60 |
| − Vacancy | −$6.8k | −$1.84 |
| EGI | $72.8k | $19.76 |
| − OpEx | −$27.3k | −$7.41 |
| NOI | $45.5k | $12.35 |
3,684 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 37.50%
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
Property Profile
Current Use
Lease Details
2
Office units
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multi-unit property with two front commercial units and four residential units, all currently occupied.
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: Mixed‑use property on approx. 1 acre across three parcels with 2 commercial units and 4 residential rental units; All 6 units are currently occupied, providing immediate rental income; New metal roof and recently painted interior/exterior as noted
