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Historic Two-Story Commercial Building

1218 W BROAD STREET Groveland, FL 34736

1218 W BROAD STREET, Groveland, FL, 34736
$690,000
For Sale
$690,000

Unique property with historic charm, suitable for office or retail.

Property Size2,872 SF
Lot Size1.29 Acres
Price / SF$240.25
Days on Market254

Property Features for 1218 W BROAD STREET

General Information

Standard status
Active
Size
2,872 SF
Lot size
1.29 Acres
Property subtype
Commercial

Building Details

Year Built
1902
Listing Agency WHEATLEY REALTY GROUP
Listed by MATTHEW WHEATLEY · License #3191795
Source Corcoran
Added: Nov 7, 2025 Checked: Jul 17 at 2:28 am

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 WHEATLEY REALTY GROUP


Investment Insights

Based on property information with market context.

Located at 1218 W Broad St in Groveland, this two-story commercial property is rumored to be a historic structure. The building offers a generous footprint on a sizable lot with ample parking, making it suitable for a variety of office or retail uses. The exterior features a classic facade with a full-length porch on both levels, white exposed rafters, light yellow wood siding, and large surrounding trees that offer shade. Inside, the property showcases original wood details, including a grand staircase with rich wood banisters and newel posts, and original hardwood floors throughout the main rooms. The first level features expansive, well-lit spaces, including a room with a wood-framed brick fireplace, and another large area with multiple bay windows and an exterior exit, all featuring high ceilings and thick white baseboards. An intricately carved wooden archway adds historical character to the main floor. The upper level includes several bright rooms with contemporary light gray walls and original hardwood floors, providing flexible space for offices or other needs. One room features three large windows overlooking the grounds and a tin roof below. Another area on the upper level is an enclosed porch with wrap-around windows, a slatted ceiling, and light yellow horizontal wood paneling. The property also includes a functional kitchen space with tile floors and wooden cabinetry, as well as a room with a standing shower stall. The property size is 2872 square feet.

Key Highlights

  • Prime location on W Broad St in Groveland suitable for office or retail uses.
  • Generous lot size with ample parking.
  • Historic building with original wood details, including a grand staircase, hardwood floors, and wood‑framed brick fireplace.

Local Financial Insights For Office B

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 $68.9k $24.00
− Vacancy −$11.7k −$4.08
EGI $57.2k $19.92
− OpEx −$14.3k −$4.98
NOI $42.9k $14.94
2,872 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$613.0K
$536.4K – $715.1K (±1% cap)
NOI $42,908 @ 7.0% cap · market cap 6.22%
Second Best
Retail
$485.4K
$424.8K – $566.3K (±1% cap)
NOI $33,980 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$817.3K
$715.1K – $953.5K (±1% cap)
NOI $57,210 @ 7.0% cap · market cap 8.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Lorenzo Hagins Funeral ... Social Service Agency

Suggested Use

Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Dental Office Building Supply Plumbing Service Storage Facility Electrical Service Kitchen & Bath Showroom Bakery

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Unique property with historic charm, suitable for office or retail.
Where is this office units located?
The property is located at 1218 W BROAD STREET Groveland, FL.
What is the asking price?
The asking price for this property is $690,000.
What are key features of this property?
This property features: Prime location on W Broad St in Groveland suitable for office or retail uses.; Generous lot size with ample parking.; **Historic building with original wood details, including a grand staircase, hardwood floors, and wood‑framed brick fireplace.**
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