Mixed-Use Building With
For Sale
$475,000
697 E Anderson Rd, Groveland, FL 34736
Flexible commercial layout with merchandising improvements, paved parking, and a secured rear yard.
Property Size1,677 SF
Price / SF$283.24
Days on Market58
Property Features for 697 E Anderson Rd
General Information
Standard status
Active
Size
1,677 SF
Building Details
Year Built
1987
Listing Agency:
RE/MAX TITANIUM GROUP
Listed By:
Stephen Misciagno · License #3117607
(352) 874-6638
Source:
Afgflorida
Added: Aug 28
Changed: Oct 2
Last Checked: Oct 7 at 4:01PM
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 RE/MAX TITANIUM GROUP
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Investment Insights
Based on property information with market context.
This mixed-use commercial property includes a 1,677-square-foot building on a .44-acre corner parcel. The interior offers an open layout with slatwall merchandising panels, updated flooring, and multiple electrical outlets. A separate garage and storage area with a roll-up door provides additional functional space for deliveries, workspace, or inventory. The site also includes a fully fenced backyard and paved parking.
Located at 697 E Anderson Road in Groveland, the property fronts Hwy 33 and sits 0.5 miles south of Hwy 50. Dual road access supports convenient ingress and egress, while the corner position provides signage exposure. The building was constructed in 1987 and can accommodate retail, office, showroom, or service-oriented operations.
Located at 697 E Anderson Road in Groveland, the property fronts Hwy 33 and sits 0.5 miles south of Hwy 50. Dual road access supports convenient ingress and egress, while the corner position provides signage exposure. The building was constructed in 1987 and can accommodate retail, office, showroom, or service-oriented operations.
Key Highlights
- 1,677‑square‑foot commercial building on a .44‑acre corner parcel
- Frontage on Hwy 33, 0.5 miles south of Hwy 50
- Open interior with slatwall panels, updated flooring, and multiple electrical outlets
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,136
Cap Rate
4.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,720
$442.7K
Cap Rate 7%
$316,229
$316.2K
Cap Rate 9%
$245,956
$246.0K
Market Conditions
NOI Build-Up for 1,677 SF
Gross rent
$40.2K $24.00/SF
− Vacancy
−$4.8K −$2.88/SF
EGI
$35.4K $21.12/SF
− OpEx
−$13.3K −$7.92/SF
NOI
$22.1K $13.20/SF
Area
Lake County, FL
Vacancy
12.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$442,720
Cap Rate 7%
$316,229
Cap Rate 9%
$245,956
Alternative Uses
Best Use
Mixed Use
$316.2K
$276.7K – $368.9K
NOI $22,136 @ 7.0% cap · market cap 4.66%
Second Best
Retail
$283.4K
$248.0K – $330.7K
NOI $19,841 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$477.2K
$417.6K – $556.8K
NOI $33,406 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
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Business Placement
Demographics for 34736, FL
24,679
Population
10,029
Households
2.5
Avg Household Size
41
Median Age
32%
College-Educated
87%
High-School Grad
115.0 sq mi
ZIP Area
215
Density / Sq Mi
$82,478
Median Household Income
$42,322
Median Earnings
$1,535
Median Rent
$335,300
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial layout with merchandising improvements, paved parking, and a secured rear yard.
Where is this mixed-use property located?
The property is located at 697 E Anderson Rd Groveland, FL.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,677‑square‑foot commercial building on a .44‑acre corner parcel; Frontage on Hwy 33, 0.5 miles south of Hwy 50; Open interior with slatwall panels, updated flooring, and multiple electrical outlets
