Mixed-Use Property with Road
For Sale
$885,000
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 Market49
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
Changed: Oct 25
Last Checked: Nov 4 at 12:31PM
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
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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 / Yr
$29,312
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
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
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 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 3.31%
Second Best
Mixed Use
$370.0K
$323.7K – $431.6K
NOI $25,898 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$558.3K
$488.5K – $651.4K
NOI $39,083 @ 7.0% cap · market cap 4.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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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Market
Vacancy Rate% for Office in South region
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 $885,000.
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
