1218 W BROAD STREET, Groveland, FL 34736
Unique property with historic charm, suitable for office or retail.
- Added:
- Nov 7, 2025
- Days on Market:
- 195
- Last Refresh:
- Apr 5 at 9:10 pm
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 agent MATTHEW WHEATLEY License #3191795
Listing office WHEATLEY REALTY GROUP (352) 227-3834
Listing date Nov 7, 2025
Source Corcoran
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
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.
- Two‑story property with a welcoming full‑length porch on both levels.
- Expansive, well‑lit spaces on both levels with high ceilings and flexible layouts.
- Functional kitchen space and a room with a standing shower stall.
Overview
Financial Insights
Value Estimation Calculated for Office B
NOI & Cap Rate Calculator
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.
Calculated for Office B
| 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 Use Scenarios
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Groveland
- County
- Lake
- State
- Florida
- Longitude
- -81.8679
- Latitude
- 28.5648