Mixed-Use Property with Income
360 South Lakeview Drive Lake Helen, FL 32744
360 South Lakeview Drive, Lake Helen, FL, 32744
$1,150,000
For Sale
$1,150,000
Commercial Sale, Other - Lake Helen, FL
Property Size3,684 SF
Lot Size1.00 Acre
Price / SF$312.16
Days on Market85
Property Features for 360 South Lakeview Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 3,684 SF
- Lot size
- 1.00 Acre
Building Details
- Year built
- 1988
- Architectural style
- Other
Listing Agency
NextHome Realty Pros
(386) 668-2626
301 N Pine Meadow Drive, FL
Listed by
Ron Hadd · License #SL3195406,PersonLicenseNumber
(386) 717-1375
Added: Apr 23 Checked: Jul 16 at 11:06 pm
MLS# V4948679
Listing URL
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Investment Insights
Based on property information with market context.
This mixed-use property includes two commercial units located at the front of the building and four residential rental units. The property is described as spanning approximately one acre across three parcels, with all units currently occupied. Updates noted in the remarks include a new metal roof and that the property has been freshly painted.
The address is 360 South Lakeview Drive in Lake Helen, Florida. The seller notes the property is located near a park, a horse arena, and downtown.
The building’s current configuration supports both storefront-style commercial occupancy and residential rental income, with the existing tenant occupancy providing immediate revenue as stated in the remarks.
The address is 360 South Lakeview Drive in Lake Helen, Florida. The seller notes the property is located near a park, a horse arena, and downtown.
The building’s current configuration supports both storefront-style commercial occupancy and residential rental income, with the existing tenant occupancy providing immediate revenue as stated in the remarks.
Key Highlights
- Mixed‑use property on approx. 1 acre across three parcels with 2 commercial units and 4 residential rental units
- All 6 units are currently occupied, providing immediate rental income
- New metal roof and recently painted interior/exterior as noted
Local 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 3.96%
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 local authorities.
Property Analytics
Property Profile
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 two front commercial units and four occupied residential rentals across three parcels.
Where is this mixed-use property located?
The property is located at 360 South 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 property on approx. 1 acre across three parcels with 2 commercial units and 4 residential rental units; All 6 units are currently occupied, providing immediate rental income; New metal roof and recently painted interior/exterior as noted
