Tavares Office Buildings with
For Sale
$1,300,000
915 E ALFRED, Tavares, FL 32778
Two office buildings with expansion potential in Tavares, Florida.
Property Size5,124 SF
Lot Size1.25 Acres
Price / SF$253.71
Days on Market223
Property Features for 915 E ALFRED
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
Building Details
Building Size
5,124 SF
Year Built
1983
Listed By:
Avery Curry · License #3499697
(352) 406-5481
Source:
Elliman
Added: Mar 10
Changed: Oct 10
Last Checked: Oct 16 at 9:28AM
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 Avery Curry
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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 has frontage on E Alfred Street. The first building, approximately 2,940 square feet, is currently used as a chiropractic office, featuring a reception and waiting area, multiple exam and treatment rooms, private offices, and restrooms. It 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 for future expansion or additional development. It also features two street-front marquees for exposure. Located in the growing business district of Tavares, the property is near government offices, medical centers, and major thoroughfares. It is suitable for an owner-occupant or investor seeking a high-visibility commercial site.
Key Highlights
- Two buildings totaling over 5,100 sq ft with high visibility and frontage on E Alfred Street.
- Income‑producing potential with six individual office suites in the second building.
- Large paved parking lot for ample staff and visitor parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,553
Cap Rate
5.89%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Location Intelligence
Trade Area within ½ mile
490
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Two office buildings with expansion potential in Tavares, Florida.
Where is this office building located?
The property is located at 915 E ALFRED 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: Two buildings totaling over 5,100 sq ft with high visibility and frontage on E Alfred Street.; Income‑producing potential with six individual office suites in the second building.; Large paved parking lot for ample staff and visitor parking.
