18585 N Highway 441 Orange Lake, FL 32681
6.25+/- acre mixed-use property with high visibility and easy access.
- Added:
- May 23, 2020
- Days on Market:
- 2243
- Last Refresh:
- May 20 at 8:23 pm
Property Features for 18585 N Highway 441
General Information
- Standard status
- Active
- Size
- 9,935 SF
- Lot size
- 6.25 Acres
- Property subtype
- Multifamily, Hospitality, Land
Building Details
- Year Built
- 1957
Listing office Roberts Real Estate Inc. (352) 816-7026
Listing date May 23, 2020
Source Crexi
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 Roberts Real Estate Inc.
Investment Insights
Based on property information with market context.
Key Highlights
- 6.25 +/- acres on Highway 441
- High visibility and very easy access
- Mixed use property
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $149.0k | $15.00 |
| − Vacancy | −$52.2k | −$5.25 |
| EGI | $96.9k | $9.75 |
| − OpEx | −$50.9k | −$5.12 |
| NOI | $46.0k | $4.63 |
