Mixed-Use Building with
New
For Sale
$299,000
254 N DIVISION Street, Oviedo, FL 32765
Commercial Sale, OVIEDO, FL
Property Size1,054 SF
Lot Size0.13 Acres
Price / SF$283.68
Days on Market6
Property Features for 254 N DIVISION Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MUD-HDP
Subdivision
ACREAGE & UNREC
Lot features
Corner Lot
Directions
SR 417 Exit 38, east on SR 426 (Aloma Ave). Right on Broadway St. Left on N Division St. Property on the corner near E Franklin St.
Standard status
Active
APN
10-21-31-300-0630-0000
Size
1,054 SF
Lot size
0.13 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 10 TWP 21S RGE 31E ALL SW 1/4 OF SE 1/4 N OF OVIEDO LAKE CHARM RD (LESS RD)
Tax Annual Amount
2302
Legal Description
SEC 10 TWP 21S RGE 31E ALL SW 1/4 OF SE 1/4 N OF OVIEDO LAKE CHARM RD (LESS RD)
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1981
Floors in Building
2
Building materials
Block, Concrete
Buildings
1
Listing Agency:
COLDWELL BANKER REALTY
(407) 696-8000
Listed By:
David Weiss
(407) 765-9020
Added: Oct 28
Changed: Nov 2
Last Checked: Nov 2 at 10:06PM
MLS# O6454353
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.
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Investment Insights
Based on property information with market context.
This two-story mixed-use property contains a ground-floor pizzeria and an upstairs apartment that has been renovated and is currently vacant. The building was constructed in 1981, has block and concrete construction, and includes central heating and air conditioning. The property is zoned MUD-HDP, and the upper residence can be used for rental income or owner occupancy.
At a corner in downtown Oviedo, the property fronts Oviedo on the Park and Center Lake. The site includes 13 parking spaces. The pizzeria is an existing source of income, while the vacant apartment provides a separate residential component.
At a corner in downtown Oviedo, the property fronts Oviedo on the Park and Center Lake. The site includes 13 parking spaces. The pizzeria is an existing source of income, while the vacant apartment provides a separate residential component.
Key Highlights
- Ground‑floor pizzeria with existing income
- Renovated upstairs apartment is vacant
- 13 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,327
Cap Rate
6.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,540
$406.5K
Cap Rate 7%
$290,386
$290.4K
Cap Rate 9%
$225,856
$225.9K
Market Conditions
NOI Build-Up for 1,054 SF
Gross rent
$28.7K $27.24/SF
− Vacancy
−$1.6K −$1.53/SF
EGI
$27.1K $25.71/SF
− OpEx
−$6.8K −$6.43/SF
NOI
$20.3K $19.29/SF
Area
Seminole County, FL
Vacancy
5.60%
Lease Rate
$27.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$406,540
Cap Rate 7%
$290,386
Cap Rate 9%
$225,856
Alternative Uses
Best Use
Specialty Retail
$290.4K
$254.1K – $338.8K
NOI $20,327 @ 7.0% cap · market cap 6.80%
Second Best
Mixed Use
$198.8K
$173.9K – $231.9K
NOI $13,913 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$299.9K
$262.5K – $349.9K
NOI $20,996 @ 7.0% cap · market cap 7.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
662
Businesses Nearby
14k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 58%
Shops & Services 42%
Ace Hardware Of Oviedo
Home Improvements & Furnishings
8,395 visits/mo
0.2 miles
Sunoco
Shops & Services
3,576 visits/mo
0.4 miles
Fairwinds Credit Union
Shops & Services
2,475 visits/mo
0.2 miles
Demographics for 32765, FL
65,228
Population
23,389
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
96%
High-School Grad
39.0 sq mi
ZIP Area
1,673
Density / Sq Mi
$99,161
Median Household Income
$48,595
Median Earnings
$1,870
Median Rent
$418,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant upper-level residence offers a separate space alongside ground-floor pizzeria income.
Where is this mixed-use property located?
The property is located at 254 N DIVISION Street Oviedo, FL.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Ground‑floor pizzeria with existing income; Renovated upstairs apartment is vacant; 13 parking spaces
