Commercial Property with Drive-Thru
12300 SE 135TH Ave Ocklawaha, FL 32179
For Sale
$649,900
Versatile commercial building with drive-thru, ideal for various businesses.
Property Size4,000 SF
Lot Size0.50 Acres
Price / SF$162.48
Days on Market94
Property Features for 12300 SE 135TH Ave
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Year Built
1980
Listing Agency:
OSCEOLA PROPERTIES & CONSULTING LLC
(352) 816-2281
Listed By:
Seth Chester · License #3460746
(352) 816-2281
Source:
Elliman
Added: Apr 28
Changed: Jul 10
Last Checked: Jul 29 at 11:08AM
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 OSCEOLA PROPERTIES & CONSULTING LLC
Investment Insights
Based on property information with market context.
Located at the intersection of HWY 25 and SE 135th Ave, this commercial property benefits from high visibility and traffic, with AADT counts exceeding 11,000. The property is situated near Lake Weir and across from local businesses. Zoned B-4 (Regional Business), the building offers nearly 4,000 square feet of flexible space suitable for office, retail, or service-based businesses. Currently configured as two separate units, each includes multiple offices, a kitchen, and a bathroom, making it suitable for dual occupancy or leasing. One unit, formerly a Citizens Bank suite, features a built-in vault, three private offices, and a teller area that can be converted into additional offices, retail space, or a reception area. The property includes three drive-through lanes suitable for banking, food service, or pharmacy use, along with a fully paved parking area spanning over half an acre. The B-4 zoning supports various uses, including professional offices, retail establishments, restaurants, financial institutions, and medical or dental offices. An additional one-third acre parcel, also commercially zoned, is available for potential expansion, additional parking, or new construction.
Key Highlights
- Prime location at the high‑traffic intersection of HWY 25 and SE 135th Ave (AADT > 11,000) near Lake Weir and established businesses.
- Zoned B‑4 (Regional Business) allowing for a wide range of commercial uses.
- Nearly 4,000 sq ft of flexible space configured as two separate units, each with multiple offices, kitchen, and bathroom.
Financial Insights For Specialty Retail
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 | $68.2k | $17.04 |
| − Vacancy | −$3.5k | −$0.89 |
| EGI | $64.6k | $16.15 |
| − OpEx | −$16.2k | −$4.04 |
| NOI | $48.5k | $12.12 |
4,000 SF · lease $17.04/SF/yr · vacancy 5.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.48M
$1.29M – $1.72M
NOI $103,440 @ 7.0% cap · market cap 15.92%
Second Best
Retail
$1.44M
$1.26M – $1.68M
NOI $100,605 @ 7.0% cap · market cap 15.48%
Theoretical Best
Office A
$2.18M
$1.91M – $2.55M
NOI $152,901 @ 7.0% cap · market cap 23.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Versatile commercial building with drive-thru, ideal for various businesses.
Where is this bank located?
The property is located at 12300 SE 135TH Ave Ocklawaha, FL.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Prime location at the high‑traffic intersection of HWY 25 and SE 135th Ave (AADT > 11,000) near Lake Weir and established businesses.; Zoned B‑4 (Regional Business) allowing for a wide range of commercial uses.; Nearly 4,000 sq ft of flexible space configured as two separate units, each with multiple offices, kitchen, and bathroom.
