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    Two-Story Office or Retail Building Title is generated by Realmo AI

    1218 W BROAD STREET, Groveland, FL 34736

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    For Sale
    $690,000

    Office - GROVELAND, FL

    Type:Office
    Property size:
    2,872 SF
    Lot size:
    1.29 Acres
    Price / SF:
    $240/SF
    Added:
    Nov 6, 2025
    Days on Market:
    220
    Last Refresh:
    Jun 14 at 5:06 am

    Property Features for 1218 W BROAD STREET

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Zoning
    C-1
    Standard status
    Active
    APN
    24-22-24-0500-000-00701
    Size
    2,872 SF
    Lot size
    1.29 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    4072.93

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1902
    Building materials
    Frame, Wood Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Matthew Wheatley
    Matthew Wheatley

    Listing agent Matthew Wheatley License #3191795

    Listing office WHEATLEY REALTY GROUP 664 W Montrose St, Clermont, FL

    Listing date Nov 6, 2025

    MLS# G5104216 Listing URL

    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.

    HighLights

    • Two‑story commercial building at 1218 W Broad St in Groveland, built in 1902
    • Frame construction with wood siding and a metal roof; central air cooling
    • Original hardwood floors throughout the main rooms and wood details including a grand staircase with wood banisters and newel posts
    • First level includes a room with a wood‑framed brick fireplace, plus large areas with bay windows, high ceilings, and an exterior exit
    • Upper level offers multiple bright rooms for office or flexible use, including an enclosed porch with wrap‑around windows
    • Includes a kitchen space with tile floors and wooden cabinetry, plus a room with a standing shower stall

    Overview

    This two-story commercial building offers a mix of historic character and usable space for office or retail requirements. The interior includes original hardwood floors in the main rooms and preserved wood details, including a grand staircase with wood banisters and newel posts. The first level features expansive, well-lit areas with high ceilings and thick white baseboards, including a room with a wood-framed brick fireplace. A carved wooden archway adds character to the main floor, while the upper level provides several bright rooms with original hardwood flooring and flexible layout options. Additional functional spaces include a kitchen with tile floors and wooden cabinetry, and a room with a standing shower stall. An enclosed porch on the upper level includes wrap-around windows, along with a slatted ceiling and light yellow horizontal wood paneling.

    The property is located at 1218 W Broad St in Groveland on a sizable lot with ample parking. The exterior presents a classic facade with a full-length porch on both levels, complemented by white exposed rafters and wood siding painted a light yellow.

    With multiple rooms across two levels, this building may fit businesses seeking flexible space for offices, consulting, or other retail-oriented uses. The presence of an exterior exit and bright upper-level areas can support a variety of tenant layouts, while the included kitchen and shower stall provide additional practicality for day-to-day operations.

    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 Profile Location Intelligence

    Current Use by Public Records

    Lorenzo Hagins Funeral ... Social Service Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Groveland
    County
    Lake
    State
    Florida
    Longitude
    -81.87081
    Latitude
    28.56511

    FAQs

    What type of property is this?
    Office building - Historic two-story building with original wood details, hardwood floors, and multiple flexible interior rooms for office or retail use.
    Where is this office building 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: Two‑story commercial building at 1218 W Broad St in Groveland, built in 1902; Frame construction with wood siding and a metal roof; central air cooling; Original hardwood floors throughout the main rooms and wood details including a grand staircase with wood banisters and newel posts
    More about this property
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