Mixed-Use Property with Road
New
For Sale
$899,000
150 W 11TH, Chuluota, FL 32766
Multiple structures support office and event venue uses with access from two road-fronting corridors.
Property Size1,962 SF
Days on Market3
Property Features for 150 W 11TH
General Information
Standard status
Active
Size
1,962 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,111
Building Details
Building Size
1,962 SF
Year Built
1971
Listing Agency:
Global Properties Sales and Management
Listed By:
Joe Cremonese · License #3329031
(407) 432-2952
Source:
Elliman
Added: Sep 18
Last Checked: Sep 20 at 8:27AM
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 Global Properties Sales and Management
Investment Insights
Based on property information with market context.
This mixed-use property comprises four lots totaling just under 1 acre, with frontage on SR 419 and West 11th Street. The improvements include a building currently configured for commercial office use and a separate two-story gambrel structure operating as an events venue.
Built in 1971, the property combines office and event-oriented improvements within a multi-lot commercial setting. Each lot has frontage on West 11th Street, while the overall property also benefits from direct exposure along SR 419. The site is car-dependent, with a Walk Score of 9 and a Bike Score of 38.
Built in 1971, the property combines office and event-oriented improvements within a multi-lot commercial setting. Each lot has frontage on West 11th Street, while the overall property also benefits from direct exposure along SR 419. The site is car-dependent, with a Walk Score of 9 and a Bike Score of 38.
Key Highlights
- Four‑lot commercial property totaling just under 1 acre
- Direct frontage on SR 419 and West 11th Street
- Each lot has frontage on West 11th Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,312
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,240
$586.2K
Cap Rate 7%
$418,743
$418.7K
Cap Rate 9%
$325,689
$325.7K
Market Conditions
NOI Build-Up for 1,962 SF
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.
Gross rent
$47.1K $24.00/SF
− Vacancy
−$8.0K −$4.08/SF
EGI
$39.1K $19.92/SF
− OpEx
−$9.8K −$4.98/SF
NOI
$29.3K $14.94/SF
Area
Seminole County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$586,240
Cap Rate 7%
$418,743
Cap Rate 9%
$325,689
Alternative Uses
Best Use
Office B
$418.7K
$366.4K – $488.5K
NOI $29,312 @ 7.0% cap · market cap 3.26%
Second Best
Mixed Use
$370.0K
$323.7K – $431.6K
NOI $25,898 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$558.3K
$488.5K – $651.4K
NOI $39,083 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 32766, FL
16,541
Population
5,023
Households
3.3
Avg Household Size
40
Median Age
53%
College-Educated
95%
High-School Grad
43.8 sq mi
ZIP Area
378
Density / Sq Mi
$146,215
Median Household Income
$61,190
Median Earnings
$2,150
Median Rent
$529,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple structures support office and event venue uses with access from two road-fronting corridors.
Where is this mixed-use property located?
The property is located at 150 W 11TH Chuluota, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Four‑lot commercial property totaling just under 1 acre; Direct frontage on SR 419 and West 11th Street; Each lot has frontage on West 11th Street
