Office-Residential Mixed-Use
305 N SINCLAIR AVENUE, Tavares, FL 32778
For Sale
$449,900
Commercial and residential zoning supports distinct business and living areas within one building.
Property Size2,488 SF
Price / SF$180.83
Days on Market49
Property Features for 305 N SINCLAIR AVENUE
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Monica McDonald · License FL #3378363
(352) 250-8681
Source:
Endlesssummerrealty
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 8 at 5:53AM
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 EXP REALTY LLC
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Investment Insights
Based on property information with market context.
Built in 1930, this mixed-use property combines a first-floor professional office layout with a residential area upstairs. The office includes a lobby, reception office, four conference rooms, an ADA-compliant restroom, a second full bathroom, and a break room with kitchen area. The upper-level residence has a studio-style plan with a sleeping alcove, living and office areas, storage, a full bathroom, and a kitchen near its entrance. A private rear entrance separates access to the residential space, and both levels are under air.
The property is in downtown Tavares, near government offices, professional services, local businesses, and downtown amenities. Twelve off-street parking spaces serve the building. Its zoning allows commercial and residential use.
The property is in downtown Tavares, near government offices, professional services, local businesses, and downtown amenities. Twelve off-street parking spaces serve the building. Its zoning allows commercial and residential use.
Key Highlights
- First floor configured with a lobby, reception office, and 4 conference rooms
- Upper‑level residence includes a studio layout with sleeping alcove, living area, office area, and storage
- 12 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,519
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,380
$670.4K
Cap Rate 7%
$478,843
$478.8K
Cap Rate 9%
$372,433
$372.4K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$54.6K $21.96/SF
− Vacancy
−$9.9K −$4.00/SF
EGI
$44.7K $17.96/SF
− OpEx
−$11.2K −$4.49/SF
NOI
$33.5K $13.47/SF
Area
Lake County, FL
Vacancy
18.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,380
Cap Rate 7%
$478,843
Cap Rate 9%
$372,433
Alternative Uses
Best Use
Office B
$478.8K
$419.0K – $558.7K
NOI $33,519 @ 7.0% cap · market cap 7.45%
Second Best
Mixed Use
$441.4K
$386.3K – $515.0K
NOI $30,901 @ 7.0% cap · market cap 6.87%
Theoretical Best
Office A
$802.3K
$702.0K – $936.0K
NOI $56,159 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
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Business Placement
Demographics for 32778, FL
23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial and residential zoning supports distinct business and living areas within one building.
Where is this mixed-use property located?
The property is located at 305 N SINCLAIR AVENUE Tavares, FL.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: First floor configured with a lobby, reception office, and 4 conference rooms; Upper‑level residence includes a studio layout with sleeping alcove, living area, office area, and storage; 12 off‑street parking spaces
