Downtown Mixed-Use Office
305 N SINCLAIR Avenue, Tavares, FL 32778
For Sale
$449,900
Commercial Sale, TAVARES, FL
Property Size2,412 SF
Lot Size0.30 Acres
Price / SF$186.53
Days on Market90
Property Features for 305 N SINCLAIR Avenue
General Information
Property type
Property subtype
Zoning
Security features
Window features
Basement
Accessibility
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
lobby
reception office
conference rooms
ADA-compliant restroom
full bathroom
break room with kitchen area
private rear entrance
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Monica McDonald · License #3378363
(352) 250-8681
Added: Aug 10
Changed: Oct 24
Last Checked: Nov 7 at 12:06PM
MLS# G5118144
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 2,412-square-foot mixed-use property in downtown Tavares combines a professional office layout on the first floor with a residential studio-style level above. The office area includes a lobby, reception office, four conference rooms, an ADA-compliant restroom, an additional full bathroom, and a break room with kitchen area. The upper level includes a sleeping alcove, living area, office area, storage, full bathroom, and kitchen, with a private rear entrance separating it from the business space.
The 0.3-acre property is zoned MU for commercial and residential use and provides 12 off-street parking spaces. Built in 1930, the building features block and frame construction, ceramic tile and carpet flooring, central air, electric heat, public water, public sewer, and a shingle roof. Its downtown setting places the property near government offices, professional services, local businesses, and district amenities.
The 0.3-acre property is zoned MU for commercial and residential use and provides 12 off-street parking spaces. Built in 1930, the building features block and frame construction, ceramic tile and carpet flooring, central air, electric heat, public water, public sewer, and a shingle roof. Its downtown setting places the property near government offices, professional services, local businesses, and district amenities.
Key Highlights
- 2,412‑square‑foot mixed‑use building on 0.3 acres
- MU zoning supports commercial and residential use
- First‑floor office layout includes four conference rooms and multiple bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,035
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,700
$720.7K
Cap Rate 7%
$514,786
$514.8K
Cap Rate 9%
$400,389
$400.4K
Market Conditions
NOI Build-Up for 2,412 SF
Gross rent
$57.9K $24.00/SF
− Vacancy
−$9.8K −$4.08/SF
EGI
$48.0K $19.92/SF
− OpEx
−$12.0K −$4.98/SF
NOI
$36.0K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$720,700
Cap Rate 7%
$514,786
Cap Rate 9%
$400,389
Alternative Uses
Best Use
Office B
$514.8K
$450.4K – $600.6K
NOI $36,035 @ 7.0% cap · market cap 8.01%
Second Best
Mixed Use
$454.8K
$398.0K – $530.6K
NOI $31,838 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$686.4K
$600.6K – $800.8K
NOI $48,047 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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 - MU-zoned building combines professional office space with a separately accessed residential level and off-street parking.
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: 2,412‑square‑foot mixed‑use building on 0.3 acres; MU zoning supports commercial and residential use; First‑floor office layout includes four conference rooms and multiple bathrooms
