Mixed-Use Property with Garage
For Sale
$1,398,000
1579 Lake Baldwin Lane, Orlando, FL 32814
Three separately metered units combine residential living, an apartment, and a commercial suite in a walkable community setting.
Property Size3,150 SF
Lot Size0.40 Acres
Price / SF$443.81
Days on Market32
Property Features for 1579 Lake Baldwin Lane
General Information
Standard status
Active
Size
3,150 SF
Lot size
0.40 Acres
Property subtype
Multi-family
Occupancy
78%
Units
Unit Mix
6 x 1BR/1BA
Multifamily Units
6
Additional Details
Furnished
Yes
Business Included
Yes
Building Details
Year Built
2006
Year Renovated
2023
Buildings
1
Listing Agency:
COMPASS FLORIDA LLC
Listed By:
Ahmad Hassan,PA · License #3305257
(407) 203-9441
Source:
Realtygroupfl
Added: Sep 16
Changed: Oct 16
Last Checked: Oct 16 at 8:41AM
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 COMPASS FLORIDA LLC
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Investment Insights
Based on property information with market context.
This mixed-use property contains three distinct units: a townhome, a garage apartment, and a commercial suite. The townhome offers an open-concept interior with hardwood floors, plantation shutters, surround sound, a stone-counter kitchen with island seating and walk-in pantry, three bedrooms, a remodeled full bath, a primary suite with dual walk-in closets, and a spa-style bathroom. The residence also includes a private balcony, powder room, and full laundry room. The garage apartment has a separate entrance, open kitchen and living area, walk-in closet, and updated full bath. At the front, the commercial suite provides a private entrance, two rooms, and a full bath.
Each unit has its own electric and water meter. Property improvements include a new roof, new HVAC units, and updated finishes. The property was built in 2006 and includes a rear two-car garage with additional parking. Located at 1579 Lake Baldwin Ln in Orlando, the property is near Lake Baldwin, Publix, retail, dining, parks, pools, fitness centers, walking trails, and dog park access. Downtown Orlando and area highways are minutes away.
Each unit has its own electric and water meter. Property improvements include a new roof, new HVAC units, and updated finishes. The property was built in 2006 and includes a rear two-car garage with additional parking. Located at 1579 Lake Baldwin Ln in Orlando, the property is near Lake Baldwin, Publix, retail, dining, parks, pools, fitness centers, walking trails, and dog park access. Downtown Orlando and area highways are minutes away.
Key Highlights
- Three‑unit configuration includes a townhome, garage apartment, and commercial suite
- Separate electric and water meters serve each of the 3 units
- Front commercial space includes a private entrance, 2 rooms, and a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,826
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,520
$1.2M
Cap Rate 7%
$840,371
$840.4K
Cap Rate 9%
$653,622
$653.6K
Market Conditions
NOI Build-Up for 3,150 SF
Gross rent
$94.5K $30.00/SF
− Vacancy
−$16.1K −$5.10/SF
EGI
$78.4K $24.90/SF
− OpEx
−$19.6K −$6.23/SF
NOI
$58.8K $18.67/SF
Area
Orlando, FL
Vacancy
17.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,176,520
Cap Rate 7%
$840,371
Cap Rate 9%
$653,622
Alternative Uses
Best Use
Office B
$840.4K
$735.3K – $980.4K
NOI $58,826 @ 7.0% cap · market cap 4.21%
Second Best
Mixed Use
$594.0K
$519.8K – $693.0K
NOI $41,580 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.01M
$887.9K – $1.18M
NOI $71,031 @ 7.0% cap · market cap 5.08%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Residential units
78%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
956
Businesses Nearby
Explore this area
Business Placement
Demographics for 32814, FL
9,218
Population
4,533
Households
2
Avg Household Size
35
Median Age
81%
College-Educated
100%
High-School Grad
1.2 sq mi
ZIP Area
7,682
Density / Sq Mi
$129,712
Median Household Income
$67,578
Median Earnings
$2,224
Median Rent
$751,400
Median Home Value
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Market
Vacancy Rate% for Office in Orlando, FL
Frequently Asked Questions
What type of property is this?
Mixed-use property - Three separately metered units combine residential living, an apartment, and a commercial suite in a walkable community setting.
Where is this mixed-use property located?
The property is located at 1579 Lake Baldwin Lane Orlando, FL.
What is the asking price?
The asking price for this property is $1,398,000.
What are key features of this property?
This property features: Three‑unit configuration includes a townhome, garage apartment, and commercial suite; Separate electric and water meters serve each of the 3 units; Front commercial space includes a private entrance, 2 rooms, and a full bath
