Leased Mixed-Use Income
360 S LAKEVIEW DRIVE Lake Helen, FL 32744
New
For Sale
$1,250,000
Mixed-use property with 2 commercial units and 4 residential rentals, all currently occupied.
Property Size3,684 SF
Lot Size1.00 Acre
Price / SF$339.31
Days on Market4
Property Features for 360 S LAKEVIEW DRIVE
General Information
- Standard status
- Active
- Size
- 3,684 SF
- Lot size
- 1.00 Acre
- Property subtype
- Condo - Hotel
Building Details
- Year Built
- 1988
Listing Agency:
NEXTHOME REALTY PROS
(386) 668-2626
Listed By:
"Ron" Hadd · License #3195406
Source:
Dennisrealty
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 2:29AM
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 NEXTHOME REALTY PROS
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.
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 For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.6k | $21.60 |
| − Vacancy | −$6.8k | −$1.84 |
| EGI | $72.8k | $19.76 |
| − OpEx | −$27.3k | −$7.41 |
| NOI | $45.5k | $12.35 |
3,684 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$650.1K
$568.8K – $758.5K
NOI $45,507 @ 7.0% cap · market cap 3.64%
Second Best
Retail
$495.7K
$433.7K – $578.3K
NOI $34,698 @ 7.0% cap · market cap 2.78%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,038 @ 7.0% cap · market cap 6.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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
FAQs
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 $1,250,000.
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
