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    Scott Strem, Leesburg, FL

    License ID: 3106245
    Years of Experience
    17
    Association
    Realtors Association Of Lake & Sumter Counties Inc

    Service Locations

    Contact details

    Phone:
    (352) 978-3428
    Office Address:
    10135 Us Hwy 441 Ste 3, Leesburg, FL, 34788

    Performance

    Listings
    12
    Total transactions
    42
    Total transactions amount
    $14M
    Price range
    $222k - 500k
    Average price
    $333k

    Listings

    For Sale (7)

    View map
    • Contact for pricing
      Pending

      Prime Development Site in Summerfield

      Corner lot near The Villages, ideal for various commercial uses.
      9520 SE 156Th Pl, Summerfield, FL 34491
      View Details
    • $1,000,000
      6,470 SF

      Leesburg Landmark Bar & Restaurant

      Historic Downtown Leesburg Investment Opportunity
      201 1St St, Leesburg, FL 34748
      View Details
    • Contact for pricing
      16,194 SF

      Professional Office Building For Sale

      First-class professional office building with established income and value-add opportunity.
      1904 Thomas Ave, Leesburg, FL 34748
      View Details
    • Contact for pricing
      1,890 SF

      Waterfront Property with Two Businesses

      Prime waterfront property with two thriving businesses on Chain of Lakes.
      1006 W Burleigh Blvd, Tavares, FL 32778
      View Details
    • Contact for pricing

      26.10 Acres on Signalized Corner

      26.10 acres on a signalized corner with highway frontage.
      4411 N Orange Blossom Trl, Mount Dora, FL 32757
      View Details
    • $749,900

      Corner Land Parcel on US HWY

      2.5-acre corner lot on US HWY 441 near The Villages.
      441-9520 Southeast 156Th Place Rd, Summerfield, FL 34491
      View Details
    • $799,000
      Pending

      Downtown Tavares Mixed-Use Opportunity

      Versatile mixed-use building in downtown Tavares, suitable for various uses.
      227 E Main St, Tavares, FL 32778
      View Details

    For Lease (5)

    View map
    • $80,400

      Leesburg Warehouse with Air Conditioning

      8,040 sq ft fully air conditioned warehouse for lease.
      125 Montclair Rd, Leesburg, FL 34748
      View Details
    • Contact for pricing
      15,000 SF

      Downtown Leesburg Mixed-Use Space

      Lease opportunity in growing downtown Leesburg with high traffic.
      410 West Main St, Leesburg, FL 34748
      View Details
    • $80,400
      14,400 SF

      Leesburg Retail Space For Rent

      Retail space available for lease in Leesburg, Florida.
      125 Montclair Rd, Leesburg, FL 34748
      View Details
    • $19,040 /Mo

      Leesburg Office/Warehouse Flex Space

      Office and warehouse space for lease in Greenleaf Business Center.
      1805 Greenleaf Ln, Leesburg, FL 34748
      View Details
    • Contact for pricing
      8,040 SF

      Leesburg Warehouse with Air Conditioning

      8,040 SF fully air-conditioned warehouse with office space for lease.
      2-125 Montclair Rd, Leesburg, FL 34748
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Scott Strem, Leesburg, FL
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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