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    220 RIDGECREST Loop Minneola, FL 34715

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    For Sale
    $619,900

    Triplex with three units, each featuring two bedrooms and one bathroom.

    Type:Investment
    Added:
    Apr 15, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 3 at 5:05 pm

    Property Features for 220 RIDGECREST Loop

    General Information

    Standard status
    Active
    Property subtype
    Investment

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Steven Horner
    Steven Horner

    Listing agent Steven Horner License #3262014

    Listing office RE/MAX Prime Properties

    Listing date Apr 15, 2026

    Source Elliman

    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 RE/MAX Prime Properties

    Overview

    Lake County Triplex Investment Opportunity

    Located in the heart of Lake County, this triplex offers three separate units, each with two bedrooms and one full bathroom, as well as their own respective backyard spaces and laundry. Each unit features tile flooring, an abundance of inside living space and a private backyard space. An extra long driveway and multiple parking spaces provides ample space for each unit. Inside each of the homes, there is a generous amount of natural light, dedicated space for eat-in kitchens, counter space for food prep, and a well thought out floorplan with vaulted ceilings. There are ceiling fans in each room and updated vanities in each bathroom. The property is located minutes from the intersection of Colonial & 27, 10 minutes to Florida Turnpike, 5 minutes to Publix, 8 minutes to South Lake Hospital & 10 minutes to the brand new Minneola Advent Health Facility. Newer HVAC and water heaters are installed in each unit. A full roof replacement is planned for August of 2025. Separate water and electric meters serve each unit. Updated windows are installed in the front and new patio sliding doors are in place. There are two septic systems, which were pumped in March 2026.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Minneola
    County
    Lake
    State
    Florida
    Longitude
    -81.7494238
    Latitude
    28.5827769

    Nearby Similar for Sale

    • $619,900
      2,700 SF

      Minneola Triplex Investment Opportunity

      Triplex in Lake County with three 2-bedroom units.
      220 RIDGECREST LOOP, MINNEOLA, FL 34715
      View Details
    • $529,900
      1,961 SF

      Minneola Duplex: Investment Opportunity

      Duplex in Lake County with separate backyards and updated features.
      238 RIDGECREST LOOP, MINNEOLA, FL 34715
      View Details
    • $1,700,000
      10,000 SF

      Light Industrial Investment Opportunity

      10,000 SF office/warehouse near US-27, ideal for investors/owner-users.
      904 JAN MAR COURT, MINNEOLA, FL 34715
      View Details

    FAQs

    What type of property is this?
    Triplex - Triplex with three units, each featuring two bedrooms and one bathroom.
    Where is this triplex located?
    The property is located at 220 RIDGECREST Loop Minneola, FL.
    What is the asking price?
    The asking price for this property is $619,900.
    What are key features of this property?
    This property features: Triplex featuring (3) separate units, each with 2 bedrooms, 1 full bathroom, private backyard, and laundry.; Newer HVAC & water heaters in each unit; full roof replacement scheduled for August 2025.; Separate water and electric meters for each unit.
    (321) 226-8499
    We can help!
    Listing Contact
    Steven Horner
    Steven Horner
    Real Estate License ID: 3262014
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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