Church and Ministry
For Sale
$750,000
208 E LAKE AVENUE, Auburndale, FL 33823
Configured facility combines assembly, meeting, office, kitchen, storage, and accessible restroom spaces under one roof.
Property Size5,018 SF
Price / SF$149.46
Days on Market49
Property Features for 208 E LAKE AVENUE
General Information
Standard status
Active
Size
5,018 SF
Property subtype
Assembly Building
Amenities
large break room/kitchen area
storage and workroom space
ADA-accessible restroom facilities
multiple points of entry
Building Details
Year Built
1985
Listing Agency:
KELLER WILLIAMS REALTY SMART 1
(863) 508-3000
Listed By:
Brenda Brooks · License #3469835
(863) 370-9667
Source:
Dennisrealty
Added: Sep 2
Changed: Oct 19
Last Checked: Oct 19 at 10:15AM
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 KELLER WILLIAMS REALTY SMART 1
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 5,018-square-foot commercial facility is configured as a church and ministry center and was built in 1985. The interior includes a sanctuary or assembly hall with updated flooring, modern lighting, sound system infrastructure, and a presentation area. Fellowship and meeting rooms support classes, small-group gatherings, receptions, training sessions, youth programs, and community events.
The office wing provides multiple private offices, reception and waiting areas, administrative workspaces, conference areas, and support rooms. Additional improvements include a break room and kitchen, storage and workroom areas, ADA-accessible restrooms, and multiple entry points. Durable wood-look flooring, neutral finishes, and updated lighting are present throughout. The property also includes on-site parking and is located at 208 E Lake Avenue in Auburndale, Florida.
The office wing provides multiple private offices, reception and waiting areas, administrative workspaces, conference areas, and support rooms. Additional improvements include a break room and kitchen, storage and workroom areas, ADA-accessible restrooms, and multiple entry points. Durable wood-look flooring, neutral finishes, and updated lighting are present throughout. The property also includes on-site parking and is located at 208 E Lake Avenue in Auburndale, Florida.
Key Highlights
- 5,018 SF church and ministry center built in 1985
- Sanctuary or assembly hall with presentation area and sound system infrastructure
- Multiple private offices, reception and waiting areas, and conference spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,509
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,180
$1.1M
Cap Rate 7%
$807,271
$807.3K
Cap Rate 9%
$627,878
$627.9K
Market Conditions
NOI Build-Up for 5,018 SF
Gross rent
$99.4K $19.80/SF
− Vacancy
−$8.9K −$1.78/SF
EGI
$90.4K $18.02/SF
− OpEx
−$33.9K −$6.76/SF
NOI
$56.5K $11.26/SF
Area
Polk County, FL
Vacancy
9.00%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,130,180
Cap Rate 7%
$807,271
Cap Rate 9%
$627,878
Alternative Uses
Best Use
Mixed Use
$807.3K
$706.4K – $941.8K
NOI $56,509 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,411 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
640
Businesses Nearby
Explore this area
Business Placement
Demographics for 33823, FL
33,733
Population
15,383
Households
2.2
Avg Household Size
42
Median Age
17%
College-Educated
86%
High-School Grad
34.9 sq mi
ZIP Area
967
Density / Sq Mi
$64,248
Median Household Income
$39,187
Median Earnings
$1,068
Median Rent
$234,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Church & religious facility - Configured facility combines assembly, meeting, office, kitchen, storage, and accessible restroom spaces under one roof.
Where is this church & religious facility located?
The property is located at 208 E LAKE AVENUE Auburndale, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,018 SF church and ministry center built in 1985; Sanctuary or assembly hall with presentation area and sound system infrastructure; Multiple private offices, reception and waiting areas, and conference spaces
