1218 W BROAD STREET, Groveland, FL 34736
Office - GROVELAND, FL
- 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
Listing agent Matthew Wheatley License #3191795 (407) 702-8351
Listing office WHEATLEY REALTY GROUP 664 W Montrose St, Clermont, FL (352) 227-3834
Listing date Nov 6, 2025
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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Groveland
- County
- Lake
- State
- Florida
- Longitude
- -81.87081
- Latitude
- 28.56511