Multi-Building Mixed-Use
For Sale
$797,500
227 S HAWTHORNE Avenue, Apopka, FL 32703
Commercial Sale, APOPKA, FL
Property Size14,095 SF
Lot Size1.38 Acres
Price / SF$56.58
Days on Market135
Property Features for 227 S HAWTHORNE Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MU-D
Security features
Security System
Subdivision
APOPKA TOWN
Lot features
Central Business District, City Limits, Sidewalk, Street Lights, Paved
Directions
441 South make a right on Hawthorne and property will be on the left.
Standard status
Active
APN
09-21-28-0196-10-190
Size
14,095 SF
Lot size
1.38 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
ALL OF LOT 19 AND THAT PART OF LOTS 13 AND 20 SOUTH OF T.O. AND A. RR, BLOCK "A", TOWN OF APOPKA, AS RECORDED IN PLAT BOOK "?", PAGES 87 AND 109, AND NORTH 40 FT OF VACATED RIGHT OF WAY OF THIRD STREET BOUNDED ON THE WEST BY THE EASTERLY LINE OF HAWTHORNE AVENUE AND ON THE EAST BY TH? SOUTHERLY RIGHT-OF-WAY OF THE SAL RR PER RESOLUTIONS RECORDED INO.R. BOOK 5496, PAGE 3895 AND O.R. 5496, PAGE 3900, OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA.
Tax Annual Amount
14839
Legal Description
ALL OF LOT 19 AND THAT PART OF LOTS 13 AND 20 SOUTH OF T.O. AND A. RR, BLOCK "A", TOWN OF APOPKA, AS RECORDED IN PLAT BOOK "?", PAGES 87 AND 109, AND NORTH 40 FT OF VACATED RIGHT OF WAY OF THIRD STREET BOUNDED ON THE WEST BY THE EASTERLY LINE OF HAWTHORNE AVENUE AND ON THE EAST BY TH? SOUTHERLY RIGHT-OF-WAY OF THE SAL RR PER RESOLUTIONS RECORDED INO.R. BOOK 5496, PAGE 3895 AND O.R. 5496, PAGE 3900, OF THE PUBLIC RECORDS OF ORANGE COUNTY, FLORIDA.
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1966
Floors in Building
1
Flooring type
Hardwood, Tile, Tile - Ceramic
Building materials
Block, Concrete, Stucco, Frame
Roof type
Shingle
Additional Structures
Outbuilding
Listing Agency:
ARROWSMITH REALTY, INC
(407) 992-8955
Listed By:
Natalie Arrowsmith · License #BK3206753
(407) 992-8955
Added: Apr 13
Changed: Aug 24
Last Checked: Aug 25 at 6:06AM
MLS# G5110954
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.
Located at 227 S Hawthorne Avenue, this mixed-use property comprises approximately 14,095 square feet across several buildings on 1.38 acres. The improvements include an assembly building, recreational or flex space, and a residential unit, creating a varied configuration within the MU-D Mixed Use Downtown zoning district. The buildings date to 1966 and include block, concrete, stucco, and frame construction, with hardwood and tile flooring, central heating and central air conditioning, a shingle roof, public water, and public sewer.
The site contains more than 60,000 square feet of land in downtown Apopka's Community Redevelopment Area. It is near municipal services, retail, dining, and transportation connections to SR-441, SR-436, and the greater Orlando metropolitan area. MU-D zoning supports office, institutional, redevelopment, and mixed-use concepts.
The site contains more than 60,000 square feet of land in downtown Apopka's Community Redevelopment Area. It is near municipal services, retail, dining, and transportation connections to SR-441, SR-436, and the greater Orlando metropolitan area. MU-D zoning supports office, institutional, redevelopment, and mixed-use concepts.
Key Highlights
- Approximately 14,095 SF across multiple commercial and residential structures
- 1.38+/- acre site with more than 60,000 SF of land
- MU‑D Mixed Use Downtown zoning
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
$73,114
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
9.17%
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%
$1,462,280
$1.5M
Cap Rate 7%
$1,044,486
$1.0M
Cap Rate 9%
$812,378
$812.4K
Market Conditions
NOI Build-Up for 14,095 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
$123.5K $8.76/SF
− Vacancy
−$11.0K −$0.78/SF
EGI
$112.5K $7.98/SF
− OpEx
−$39.4K −$2.79/SF
NOI
$73.1K $5.19/SF
Area
Orange County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
35.00%
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%
$1,462,280
Cap Rate 7%
$1,044,486
Cap Rate 9%
$812,378
Alternative Uses
Best Use
Mixed Use
$2.66M
$2.33M – $3.10M
NOI $186,054 @ 7.0% cap · market cap 23.33%
Second Best
Industrial
$1.12M
$984.2K – $1.31M
NOI $78,738 @ 7.0% cap · market cap 9.87%
Theoretical Best
Office A
$4.01M
$3.51M – $4.68M
NOI $280,772 @ 7.0% cap · market cap 35.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,117
Businesses Nearby
Explore this area
Business Placement
Demographics for 32703, FL
54,805
Population
22,033
Households
2.5
Avg Household Size
37
Median Age
29%
College-Educated
87%
High-School Grad
32.1 sq mi
ZIP Area
1,707
Density / Sq Mi
$70,338
Median Household Income
$42,031
Median Earnings
$1,579
Median Rent
$314,800
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - MU-D zoning supports office, institutional, redevelopment, and mixed-use concepts across multiple structures.
Where is this mixed-use property located?
The property is located at 227 S HAWTHORNE Avenue Apopka, FL.
What is the asking price?
The asking price for this property is $797,500.
What are key features of this property?
This property features: Approximately 14,095 SF across multiple commercial and residential structures; 1.38+/- acre site with more than 60,000 SF of land; MU‑D Mixed Use Downtown zoning
