Mixed-Use Property with Road
For Sale
$990,000
150 W 11TH Street, Chuluota, FL 32766
Commercial Sale, CHULUOTA, FL
Property Size1,962 SF
Lot Size0.96 Acres
Price / SF$504.59
Days on Market108
Property Features for 150 W 11TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-2
Subdivision
NORTH CHULUOTA
Directions
SR 419 Chuluota Rd. to the corner of W11th street. Park on/in driveway area on w 11th, NOT on 419.
Standard status
Active
APN
21-21-32-5CF-8600-0130
Size
1,962 SF
Lot size
0.96 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LOTS 13 - 16 (LESS E 15 FT OF LOT 16 FOR RD) BLK 86 NORTH CHULUOTA PB 2 PGS 54-58
Tax Annual Amount
4111
Legal Description
LOTS 13 - 16 (LESS E 15 FT OF LOT 16 FOR RD) BLK 86 NORTH CHULUOTA PB 2 PGS 54-58
Utilities
Cooling system
Central Air
Building Details
Year built
1971
Floors in Building
1
Building materials
Concrete
Listing Agency:
GLOBAL PROPERTIES SALES & MGMT
(407) 675-6999
Listed By:
Joe Cremonese · License #3329031
(407) 432-2952
Added: May 14
Changed: Aug 24
Last Checked: Aug 29 at 5:06PM
MLS# O6408144
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This C-2-zoned mixed-use property spans 0.96 acres across four lots and includes 1,962 square feet of building area. The front building is currently configured as commercial office space, while a separate two-story gambrel structure serves as an events venue. Concrete construction and central air conditioning are documented, with the improvements dating to 1971.
Road frontage is provided along SR 419 and West 11th Street, and each lot fronts West 11th Street. The property is located in Chuluota, Seminole County, Florida, with the existing office and event uses providing a combination of commercial functions within the site.
Road frontage is provided along SR 419 and West 11th Street, and each lot fronts West 11th Street. The property is located in Chuluota, Seminole County, Florida, with the existing office and event uses providing a combination of commercial functions within the site.
Key Highlights
- 0.96‑acre mixed‑use property comprising 4 commercial lots
- 1,962 square feet of building area
- Front building currently used as commercial office space
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
2.96%
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 2.96%
Second Best
Mixed Use
$370.0K
$323.7K – $431.6K
NOI $25,898 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$558.3K
$488.5K – $651.4K
NOI $39,083 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - C-2-zoned property combines commercial office space with a separate events venue in a two-story structure.
Where is this mixed-use property located?
The property is located at 150 W 11TH Street Chuluota, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: 0.96‑acre mixed‑use property comprising 4 commercial lots; 1,962 square feet of building area; Front building currently used as commercial office space
