Building Details

Year Built 1988

Tenancy Multi

Listing Agency: NEXTHOME REALTY PROS Show Phone

Listed By: "Ron" Hadd · License #3195406 Show Phone

Source: Dennisrealty

Added: Jul 21 Changed: Oct 21 Last Checked: Oct 20 at 10:19PM

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Investment Insights

Based on property information with market context.

This mixed-use income property includes 2 commercial units and 4 residential rental units, with all units currently occupied. The residential component features a 4-bedroom setup and 6 total bathrooms across the property, including 4 full and 2 half bathrooms. Recent improvements include a new metal roof and fresh exterior paint.

The offering consists of approximately one acre across three parcels, providing flexibility within a compact footprint. The property is positioned near Lake Helen’s downtown district and local recreational areas, supporting both commercial and residential demand.

The asset is presented for sale as a fully leased package, with established in-place occupancy across both the commercial and residential components.

Key Highlights

• Mixed‑use income property on approximately 1 acre across 3 parcels
• Includes 2 commercial units and 4 residential rental units, all currently occupied
• Average monthly income of approximately $6,500

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,507

Cap Rate

3.96%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$910,140 $910.1K

Cap Rate 7%

$650,100 $650.1K

Cap Rate 9%

$505,633 $505.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,684 SF

Gross rent

$79.6K $21.60/SF

− Vacancy

−$6.8K −$1.84/SF

EGI

$72.8K $19.76/SF

− OpEx

−$27.3K −$7.41/SF

NOI

$45.5K $12.35/SF

Area

Volusia County, FL

Vacancy

8.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$910,140

Cap Rate 7%

$650,100

Cap Rate 9%

$505,633

Alternative Uses

Best Use

Mixed Use

$650.1K

$568.8K – $758.5K (±1% cap)

NOI $45,507 @ 7.0% cap · market cap 3.96%

Second Best

Retail

$495.7K

$433.7K – $578.3K (±1% cap)

NOI $34,698 @ 7.0% cap · market cap 3.02%

Theoretical Best

Office A

$1.09M

$950.5K – $1.27M (±1% cap)

NOI $76,038 @ 7.0% cap · market cap 6.61%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Florida Rodeo, Inc Pet Store & Service Helen Behind The Chair Hair Salon SuperStar Salon Hair Salon Portia's Family Hair ... Hair Salon Hairstylist Monica Hair Salon

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Kitchen & Bath Showroom Nail Salon Storage Facility (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Residential units

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

171

Businesses Nearby

Explore this area Business Placement

Demographics for 32744, FL

3,789

Population

1,411

Households

2.7

Avg Household Size

51

Median Age

25%

College-Educated

89%

High-School Grad

13.6 sq mi

ZIP Area

279

Density / Sq Mi

$95,096

Median Household Income

$48,500

Median Earnings

$1,150

Median Rent

$371,100

Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - Mixed-use property with 2 commercial units and 4 residential rentals, all currently occupied.

Where is this mixed-use property located?

The property is located at 360 S LAKEVIEW DRIVE Lake Helen, FL.

What is the asking price?

The asking price for this property is $1,150,000.

What are key features of this property?

This property features: Mixed‑use income property on approximately 1 acre across 3 parcels; Includes 2 commercial units and 4 residential rental units, all currently occupied; Average monthly income of approximately $6,500