Two-Building Mixed-Use Income
37415 State Road 19 UMATILLA, Umatilla, FL 32784
New
Remodeled 7-unit apartments plus 1,920 SF pole barn/covered carport commercial space on SR 19.
Property size:
4,721 SFPrice / SF:
$190/SF- Added:
- Jul 3, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 5 at 2:12 am
Property Features for 37415 State Road 19 UMATILLA
General Information
- Standard status
- Active
- Size
- 4,721 SF
Building Details
- Year Built
- 1953
Listing office (407) 890-1354
Listing date Jul 3, 2026
Source Therealestatecollection
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 Lisa Mahjoub
HighLights
- 7‑unit apartment complex, all 1BR/1BA, recently remodeled
- 2 buildings on a 1.1‑acre lot (400 x 100) with asphalt road surface and slab foundation
- Commercial building includes 1,920 SF pole barn/covered carport fronting SR 19
- Property is almost 100% leased (2 buildings) as an investment and income opportunity
- Zoned C‑2/R‑6 in growing Umatilla, Florida, with road frontage on a divided highway/state road (SR 19)
- Year built 1953; includes air conditioning
Overview
This two-building mixed-use property includes a recently remodeled 7-unit apartment complex and a separate commercial structure. The apartments are configured as 1BR/1BA units, providing a straightforward residential income component within the same ownership. The second building is described as a 1,920 SF pole barn/covered carport area, offering covered space in a simple, functional format that can support a range of commercial uses.
The property is located in Umatilla, Florida, fronting SR 19, according to the provided information. It sits on 1.17 +/- acres and is located in Lake County. The property is currently zoned C-2/R-6, which supports both commercial and residential considerations under the stated classification.
As presented, the offering is an investment and income opportunity, with the two buildings described as almost 100% leased. For tenants and operators, the combination of on-site residential units and a dedicated covered commercial space can support users seeking an income-producing setup where both components are under one roofline. For buyers, the zoning, acreage, and frontage described here may be especially relevant when evaluating flexibility and day-to-day operational continuity across both buildings.
The property is located in Umatilla, Florida, fronting SR 19, according to the provided information. It sits on 1.17 +/- acres and is located in Lake County. The property is currently zoned C-2/R-6, which supports both commercial and residential considerations under the stated classification.
As presented, the offering is an investment and income opportunity, with the two buildings described as almost 100% leased. For tenants and operators, the combination of on-site residential units and a dedicated covered commercial space can support users seeking an income-producing setup where both components are under one roofline. For buyers, the zoning, acreage, and frontage described here may be especially relevant when evaluating flexibility and day-to-day operational continuity across both buildings.
Local Financial Insights For Apartment 5plus
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 | $112.7k | $23.88 |
| − Vacancy | −$7.3k | −$1.55 |
| EGI | $105.4k | $22.33 |
| − OpEx | −$47.4k | −$10.05 |
| NOI | $58.0k | $12.28 |
4,721 SF · lease $23.88/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$828.2K
$724.7K – $966.3K
NOI $57,975 @ 7.0% cap · market cap 6.45%
Second Best
Warehouse
$457.5K
$400.3K – $533.7K
NOI $32,024 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,042 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Umatilla
- County
- Lake
- State
- Florida
- Longitude
- -81.6854
- Latitude
- 28.9435
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Remodeled 7-unit apartments plus 1,920 SF pole barn/covered carport commercial space on SR 19.
Where is this apartment building located?
The property is located at 37415 State Road 19 UMATILLA Umatilla, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 7‑unit apartment complex, all 1BR/1BA, recently remodeled; 2 buildings on a 1.1‑acre lot (400 x 100) with asphalt road surface and slab foundation; Commercial building includes 1,920 SF pole barn/covered carport fronting SR 19
