Building Details

Year Built 1910

Buildings 3

Listing Agency: COLDWELL BANKER HUBBARD HANSEN

Listed By: Tamara Quilling · License #591111 Show Phone

Source: Realtygroupfl

Added: Jul 26 Changed: Oct 11 Last Checked: Oct 11 at 9:44AM

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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 COLDWELL BANKER HUBBARD HANSEN

Investment Insights

Based on property information with market context.

This office property centers on a historic two-story building constructed in 1910, complemented by two smaller structures that can support storage, office, or workshop functions. The sale also includes an additional lot, creating a multi-building configuration with approximately 0.74± acres in total. The property previously operated as a salon for more than 20 years, providing an established commercial setting for its next use.

Located at 605 S. Main Ave in Minneola, the property offers visibility and access from S. Main Street. The additional lot contributes flexibility for parking, outdoor space, or future expansion. The site’s combination of historic character, multiple buildings, and usable land supports a range of office-oriented commercial applications.

Key Highlights

• Historic two‑story building constructed in 1910
• Approximately 0.74± acres across the property and additional lot
• Two smaller buildings provide separate space for storage, offices, or workshops

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,266

Cap Rate

3.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$565,320 $565.3K

Cap Rate 7%

$403,800 $403.8K

Cap Rate 9%

$314,067 $314.1K

Market Conditions

NOI Build-Up for 1,892 SF

Gross rent

$45.4K $24.00/SF

− Vacancy

−$7.7K −$4.08/SF

EGI

$37.7K $19.92/SF

− OpEx

−$9.4K −$4.98/SF

NOI

$28.3K $14.94/SF

Area

Lake County, FL

Vacancy

17.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$565,320

Cap Rate 7%

$403,800

Cap Rate 9%

$314,067

Alternative Uses

Best Use

Office B

$403.8K

$353.3K – $471.1K (±1% cap)

NOI $28,266 @ 7.0% cap · market cap 3.33%

Second Best

Retail

$319.8K

$279.8K – $373.1K (±1% cap)

NOI $22,385 @ 7.0% cap · market cap 2.63%

Theoretical Best

Office A

$538.4K

$471.1K – $628.2K (±1% cap)

NOI $37,689 @ 7.0% cap · market cap 4.43%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Office Units

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Locksmith Bakery Plumbing Service

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

507

Businesses Nearby

Explore this area Business Placement

Demographics for 34715, FL

22,763

Population

8,877

Households

2.6

Avg Household Size

40

Median Age

27%

College-Educated

89%

High-School Grad

31.5 sq mi

ZIP Area

723

Density / Sq Mi

$97,644

Median Household Income

$46,750

Median Earnings

$2,067

Median Rent

$407,900

Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Questions? Ask Rey

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What type of property is this? Where is this office units located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Office units - Multi-building commercial site with auxiliary structures, an additional lot, and ample parking for business operations.

Where is this office units located?

The property is located at 605 S Main Avenue Minneola, FL.

What is the asking price?

The asking price for this property is $850,000.

What are key features of this property?

This property features: Historic two‑story building constructed in 1910; Approximately 0.74± acres across the property and additional lot; Two smaller buildings provide separate space for storage, offices, or workshops