Mixed-Use Property with Highway
For Sale
$1,300,000
1945 S US HIGHWAY 441, Lady Lake, FL 32159
A fenced, multi-parcel site combines commercial and residential buildings with a pole barn and highway billboard.
Property Size4,512 SF
Price / SF$288.12
Days on Market128
Property Features for 1945 S US HIGHWAY 441
General Information
Standard status
Active
Size
4,512 SF
Property subtype
Mixed Use
Taxes and HOA fees
Annual Taxes
$3,565
Building Details
Building Size
4,512 SF
Year Built
1959
Listing Agency:
CARLINO REAL ESTATE GROUP INC
Listed By:
Jonathan Martin · License #SL3402836
(352) 326-2662
Source:
Bascomgrooms
Added: Jun 23
Changed: Oct 27
Last Checked: Oct 27 at 3:20AM
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 CARLINO REAL ESTATE GROUP INC
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Investment Insights
Based on property information with market context.
This mixed-use property spans three parcels totaling approximately 1.55 acres. Improvements include a commercial building, three residential buildings, a pole barn/workshop, and a billboard along US Highway 441. The site is fully fenced, with approximately 240 feet of highway frontage. The commercial building dates to 1959.
US Highway 441 carries an annual average daily traffic count of 31,500. Several active and planned residential and commercial developments are across the highway, and The Villages is a short drive away. The property also has access to I-75 and Florida’s Turnpike.
US Highway 441 carries an annual average daily traffic count of 31,500. Several active and planned residential and commercial developments are across the highway, and The Villages is a short drive away. The property also has access to I-75 and Florida’s Turnpike.
Key Highlights
- Approximately 1.55 +/- acres across three parcels
- Approximately 240 feet of frontage on HWY 441; roadway AADT is 31,500
- Improvements include a commercial building, three residential buildings, and a pole barn/workshop
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,558
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,160
$1.2M
Cap Rate 7%
$850,829
$850.8K
Cap Rate 9%
$661,756
$661.8K
Market Conditions
NOI Build-Up for 4,512 SF
Gross rent
$108.3K $24.00/SF
− Vacancy
−$13.0K −$2.88/SF
EGI
$95.3K $21.12/SF
− OpEx
−$35.7K −$7.92/SF
NOI
$59.6K $13.20/SF
Area
Lake County, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,191,160
Cap Rate 7%
$850,829
Cap Rate 9%
$661,756
Alternative Uses
Best Use
Mixed Use
$850.8K
$744.5K – $992.6K
NOI $59,558 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,879 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
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Business Placement
Demographics for 32159, FL
30,455
Population
19,670
Households
1.5
Avg Household Size
69
Median Age
29%
College-Educated
95%
High-School Grad
30.2 sq mi
ZIP Area
1,008
Density / Sq Mi
$57,536
Median Household Income
$30,723
Median Earnings
$1,370
Median Rent
$272,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A fenced, multi-parcel site combines commercial and residential buildings with a pole barn and highway billboard.
Where is this mixed-use property located?
The property is located at 1945 S US HIGHWAY 441 Lady Lake, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 1.55 +/- acres across three parcels; Approximately 240 feet of frontage on HWY 441; roadway AADT is 31,500; Improvements include a commercial building, three residential buildings, and a pole barn/workshop
