Tavares Office Buildings For
For Sale
$1,300,000
915 E ALFRED STREET, Tavares, FL 32778
Two office buildings with development potential in Tavares, Florida.
Property Size5,124 SF
Lot Size1.25 Acres
Price / SF$253.71
Days on Market296
Property Features for 915 E ALFRED STREET
General Information
Standard status
Active
Size
5,124 SF
Lot size
1.25 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,467
Amenities
Central air
Metal Roof
Pool
Public Pool
Central Air Cooling
Central Business District
Central Heating
Parking Spaces - 19 to 30
Paved
Shingle Roof
Building Details
Year Built
1983
Listing Agency:
EXIT REALTY TRI-COUNTY
(352) 385-3948
Listed By:
JARET WHITNEY · License #682072
Source:
Corcoran
Added: Oct 31, 2025
Changed: Aug 21
Last Checked: Aug 21 at 8:20AM
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 EXIT REALTY TRI-COUNTY
Investment Insights
Based on property information with market context.
This commercial property in Tavares, Florida, features two professional office buildings totaling over 5,100 square feet. The property offers visibility and frontage on E Alfred Street. The first building, approximately 2,940 square feet, currently houses a chiropractic office with a reception and waiting area, multiple exam and treatment rooms, private offices, and restrooms. This building is suitable for medical, wellness, or other professional uses. The second building, approximately 2,184 square feet, is divided into six individual office suites, each with its own entry, making it suitable for rental income or a multi-tenant professional setup. The property includes a large paved parking lot and a spacious adjacent buildable lot, offering room for future expansion or additional development. Two street-front marquees provide exposure. Located in the growing business district of Tavares, the property is close to government offices, medical centers, and major thoroughfares. This property is suitable for an owner-occupant or investor seeking a commercial site with room to grow.
Key Highlights
- High‑visibility location on E Alfred Street in the heart of Tavares' growing business district.
- Two buildings totaling over 5,100 sq ft: one suitable for owner‑occupancy (e.g., medical/wellness) and one with six individual rental suites.
- Potential for rental income from the six individual office suites.
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
$76,553
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
5.89%
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%
$1,531,060
$1.5M
Cap Rate 7%
$1,093,614
$1.1M
Cap Rate 9%
$850,589
$850.6K
Market Conditions
NOI Build-Up for 5,124 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
$123.0K $24.00/SF
− Vacancy
−$20.9K −$4.08/SF
EGI
$102.1K $19.92/SF
− OpEx
−$25.5K −$4.98/SF
NOI
$76.6K $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 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%
$1,531,060
Cap Rate 7%
$1,093,614
Cap Rate 9%
$850,589
Alternative Uses
Best Use
Office B
$1.09M
$956.9K – $1.28M
NOI $76,553 @ 7.0% cap · market cap 5.89%
Second Best
Healthcare Medical
$1.04M
$913.1K – $1.22M
NOI $73,048 @ 7.0% cap · market cap 5.62%
Theoretical Best
Office A
$1.46M
$1.28M – $1.70M
NOI $102,070 @ 7.0% cap · market cap 7.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32778, FL
23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Two office buildings with development potential in Tavares, Florida.
Where is this medical office space located?
The property is located at 915 E ALFRED STREET Tavares, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: High‑visibility location on E Alfred Street in the heart of Tavares' growing business district.; Two buildings totaling over 5,100 sq ft: **one suitable for owner‑occupancy** (e.g., medical/wellness) and one with six individual rental suites.; Potential for rental income from the six individual office suites.
