Mixed-Use Property with Highway
For Sale
$1,950,000
Pending
105 E BAKER STREET, Minneola, FL 34715
B-1-zoned commercial property suited to office, service, and other listed commercial uses.
Property Size6,256 SF
Lot Size1.27 Acres
Days on Market53
Property Features for 105 E BAKER STREET
General Information
Standard status
Pending
Size
6,256 SF
Lot size
1.27 Acres
Property subtype
Mixed Use
Zoning
B-1
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2002
Buildings
1
Building Size
6,256 SF
Listing Agency:
COLDWELL BANKER HUBBARD HANSEN
(352) 394-4031
Listed By:
Pam Eddy · License #3073081
(352) 536-0622
Source:
Endlesssummerrealty
Added: Aug 22
Changed: Oct 13
Last Checked: Oct 12 at 8:36PM
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 COLDWELL BANKER HUBBARD HANSEN
Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a 6,256-square-foot building constructed in 2002 on 1.27 acres. The site includes parking and is configured for a range of commercial operations, with the B-1 district supporting office, retail, service, medical clinic, restaurant, banking, health and exercise, and educational uses. Certain additional uses may require a special exception.
The property is located at 105 E Baker Street in Minneola, Florida, along a highway frontage corridor with established businesses and ongoing new development. Its B-1 designation is intended to accommodate commercial and service activity while transitioning between residential areas and more intensive commercial or industrial uses. The site may also support uses such as day care, athletic facilities, veterinary clinics, nursing homes, and residential occupancy through the applicable special-exception process.
The property is located at 105 E Baker Street in Minneola, Florida, along a highway frontage corridor with established businesses and ongoing new development. Its B-1 designation is intended to accommodate commercial and service activity while transitioning between residential areas and more intensive commercial or industrial uses. The site may also support uses such as day care, athletic facilities, veterinary clinics, nursing homes, and residential occupancy through the applicable special-exception process.
Key Highlights
- 6,256‑square‑foot building on 1.27 acres
- Built in 2002
- B‑1 district supports office, retail, service, medical, restaurant, banking, and educational uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,465
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,869,300
$1.9M
Cap Rate 7%
$1,335,214
$1.3M
Cap Rate 9%
$1,038,500
$1.0M
Market Conditions
NOI Build-Up for 6,256 SF
Gross rent
$150.1K $24.00/SF
− Vacancy
−$25.5K −$4.08/SF
EGI
$124.6K $19.92/SF
− OpEx
−$31.2K −$4.98/SF
NOI
$93.5K $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%
$1,869,300
Cap Rate 7%
$1,335,214
Cap Rate 9%
$1,038,500
Alternative Uses
Best Use
Office B
$1.34M
$1.17M – $1.56M
NOI $93,465 @ 7.0% cap · market cap 4.79%
Second Best
Mixed Use
$1.18M
$1.03M – $1.38M
NOI $82,579 @ 7.0% cap · market cap 4.23%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,620 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
688
Businesses Nearby
Explore this area
Business Placement
Demographics for 34715, FL
22,763
Population
8,877
Households
2.6
Avg Household Size
40
Median Age
27%
College-Educated
89%
High-School Grad
31.5 sq mi
ZIP Area
723
Density / Sq Mi
$97,644
Median Household Income
$46,750
Median Earnings
$2,067
Median Rent
$407,900
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 - B-1-zoned commercial property suited to office, service, and other listed commercial uses.
Where is this mixed-use property located?
The property is located at 105 E BAKER STREET Minneola, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 6,256‑square‑foot building on 1.27 acres; Built in 2002; B‑1 district supports office, retail, service, medical, restaurant, banking, and educational uses
