Two-Building Office
915 E ALFRED Street, Tavares, FL 32778
For Sale
$1,300,000
Commercial Sale, TAVARES, FL
Property Size5,124 SF
Lot Size1.25 Acres
Price / SF$253.71
Days on Market378
Property Features for 915 E ALFRED Street
General Information
Property type
Property subtype
Zoning
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Property Use
Medical Specialty
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
street-front marquees
Building Details
Year built
Building materials
Roof type
Buildings
Listing Agency:
EXIT REALTY TRI-COUNTY
Listed By:
Jaret Whitney · License FL #682072
(352) 385-3948
Added: Oct 31, 2025
Changed: Nov 4
Last Checked: Nov 12 at 6:06AM
MLS# G5103987
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 5,124-square-foot office property consists of two separate buildings on a 1.25-acre site. The 2,940-square-foot building includes a reception and waiting area, several treatment rooms, private offices, and restrooms, and is occupied by a chiropractic practice. A second 2,184-square-foot building contains six separately accessed office suites, supporting a multi-occupant configuration.
The site includes a paved parking area, two street-facing marquees, and an adjacent buildable lot. Located at 915 E ALFRED Street in Tavares, the property is near government offices, medical centers, and major thoroughfares. Improvements include block and stucco construction, central heating, central air, public water, public sewer, and metal and shingle roofing. The building was constructed in 1983 and is zoned RMF-3.
The site includes a paved parking area, two street-facing marquees, and an adjacent buildable lot. Located at 915 E ALFRED Street in Tavares, the property is near government offices, medical centers, and major thoroughfares. Improvements include block and stucco construction, central heating, central air, public water, public sewer, and metal and shingle roofing. The building was constructed in 1983 and is zoned RMF-3.
Key Highlights
- Two office buildings totaling 5,124 square feet on 1.25 acres
- 2,940‑square‑foot building with reception, treatment rooms, private offices, and restrooms
- 2,184‑square‑foot building configured as six individual office suites
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,347
Cap Rate
5.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,940
$1.4M
Cap Rate 7%
$1,004,957
$1.0M
Cap Rate 9%
$781,633
$781.6K
Market Conditions
NOI Build-Up for 5,124 SF
Gross rent
$129.1K $25.20/SF
− Vacancy
−$11.9K −$2.32/SF
EGI
$117.2K $22.88/SF
− OpEx
−$46.9K −$9.15/SF
NOI
$70.3K $13.73/SF
Area
Lake County, FL
Vacancy
9.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,406,940
Cap Rate 7%
$1,004,957
Cap Rate 9%
$781,633
Alternative Uses
Best Use
Healthcare Medical
$1.00M
$879.3K – $1.17M
NOI $70,347 @ 7.0% cap · market cap 5.41%
Second Best
Office B
$986.2K
$862.9K – $1.15M
NOI $69,033 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,659 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
7
Office units
Multi-tenant
Tenancy
Yes
Paved road access
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
$241,500
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Lake County, FL
Properties on Market for Office buildings in Lake County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Flexible professional campus with medical improvements, multi-suite space, dedicated parking, and an adjoining development parcel.
Where is this office building 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: Two office buildings totaling 5,124 square feet on 1.25 acres; 2,940‑square‑foot building with reception, treatment rooms, private offices, and restrooms; 2,184‑square‑foot building configured as six individual office suites
