Mixed-Use Property With Occupied
For Sale
$1,150,000
360 S LAKEVIEW Drive, Lake Helen, FL 32744
COMMERCIAL - LAKE HELEN, FL
Property Size3,684 SF
Lot Size1.00 Acre
Price / SF$312.16
Days on Market106
Property Features for 360 S LAKEVIEW Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BUSINESS
Subdivision
LAKE HELEN BLK 16
Directions
This is on the main street in Lake Helen Diagonally across from City Hall
Standard status
Active
APN
713116010040
Size
3,684 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2025
Tax Description
LOT 5 BLK 16 LAKE HELEN MB 4 PG 94 PER OR 4928 PG 0400 PER OR 6257 PG 0720 PER OR 8098 PG 0582 PER OR 8311 PG 1194
Tax Annual Amount
9787
Legal Description
LOT 5 BLK 16 LAKE HELEN MB 4 PG 94 PER OR 4928 PG 0400 PER OR 6257 PG 0720 PER OR 8098 PG 0582 PER OR 8311 PG 1194
Utilities
Utilities
Electricity Available
Sewer type
Septic Tank, Private Sewer
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1988
Floors in Building
2
Number of units
6
Building materials
Block, Concrete
Roof type
Metal
Listing Agency:
NEXTHOME REALTY PROS
(386) 668-2626
Listed By:
"Ron" Hadd · License #3195406
(386) 717-1375
Added: Apr 23
Changed: Aug 4
Last Checked: Aug 6 at 11:06AM
MLS# V4948679
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.
Investment Insights
Based on property information with market context.
This mixed-use property combines two commercial units at the front of the building with four residential rental units. All units are currently occupied. The building is constructed with block and concrete, features central heating and central air conditioning, and has a metal roof that has been newly installed.
The property sits on approximately one acre across three parcels, totaling 3,684 square feet. Utilities include electricity available, and waste is handled via private sewer and a septic tank. Constructed in 1988, the setup supports both retail-facing space and rental housing in a single, income-producing package.
Located at 360 S Lakeview Drive in Lake Helen (Volusia County), the property is positioned for practical day-to-day access in a mixed-use area near local community uses.
The property sits on approximately one acre across three parcels, totaling 3,684 square feet. Utilities include electricity available, and waste is handled via private sewer and a septic tank. Constructed in 1988, the setup supports both retail-facing space and rental housing in a single, income-producing package.
Located at 360 S Lakeview Drive in Lake Helen (Volusia County), the property is positioned for practical day-to-day access in a mixed-use area near local community uses.
Key Highlights
- Approximately one‑acre site across three parcels
- 3,684 total SF with block and concrete construction
- 2 front commercial units and 4 residential rental units; all currently occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,507
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$910,140
$910.1K
Cap Rate 7%
$650,100
$650.1K
Cap Rate 9%
$505,633
$505.6K
Market Conditions
NOI Build-Up for 3,684 SF
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
NOI $45,507 @ 7.0% cap · market cap 3.96%
Second Best
Retail
$495.7K
$433.7K – $578.3K
NOI $34,698 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.09M
$950.5K – $1.27M
NOI $76,038 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with two commercial units and four residential units, all currently occupied, plus central HVAC and a metal roof.
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: Approximately one‑acre site across three parcels; 3,684 total SF with block and concrete construction; 2 front commercial units and 4 residential rental units; all currently occupied
