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    Industrial Land Along Florida Turnpike Title is generated by Realmo AI

    13415 SULLIVAN ROAD, Minneola, FL 34715

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    Claim this Listing
    For Sale
    $5,000,000

    Land - MINNEOLA, FL

    Lot size:
    10.75 Acres
    Added:
    Oct 6, 2025
    Days on Market:
    223
    Last Refresh:
    May 16 at 1:06 am

    Property Features for 13415 SULLIVAN ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    IND
    Exterior features
    Sloped, Unpaved
    Standard status
    Active
    APN
    32-21-26-0003-000-01100
    Lot size
    10.75 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    7811.82

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Barrett Spray
    Barrett Spray

    Listing agent Barrett Spray License #590021

    Listing office KELLER WILLIAMS ADVANTAGE REALTY 59 Alafaya Woods Blvd, Oviedo, FL

    Listing date Oct 6, 2025

    MLS# O6352116 Listing URL

    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.

    HighLights

    • True industrial zoning on 10.5± acres directly along the Florida Turnpike.
    • Immediate adjacency to the $1B+ Hills City Center mixed‑use project.
    • Strategically positioned for Orlando MSA logistics and manufacturing connectivity.
    • Part of the high‑growth Hancock Road / Turnpike corridor.
    • Excellent visibility and potential signage opportunities on the Florida Turnpike.
    • City utilities available nearby.

    Overview

    This property offers an opportunity to acquire approximately 10.5 acres of industrial-zoned development land in Minneola, Lake County. The site is part of a larger 13-acre tract. A 2.23± acre portion will be sold to an existing tenant, who will retain a shared driveway easement for access. The remaining acreage provides visibility and adjacency to the Hills City Center mixed-use project. The property backs to the Florida Turnpike, offering potential signage visibility. City services are available nearby. The location provides access to SR 50 and US 27, with immediate Turnpike access. The property is part of the Hancock Road / Turnpike corridor. It is positioned for Orlando MSA logistics and manufacturing connectivity. The surrounding area includes the Hills City Center with 1.4M square feet of industrial space, 600K square feet of retail, 500K square feet of medical facilities, and over 1,000 multifamily units. The AdventHealth Minneola Hospital Campus is also underway. New Horizon Academy K–8, new residential communities, and over 13,000 approved housing units are located within 5 miles. The property is zoned Industrial in the City of Minneola, making it suitable for distribution, flex, or build-to-suit industrial users.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Law Firm Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom Daycare Center Carpet & Flooring Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minneola
    County
    Lake
    State
    Florida
    Longitude
    -81.731786
    Latitude
    28.609218

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    FAQs

    What type of property is this?
    Industrial land - 10.5 acres of industrial-zoned land with Turnpike frontage.
    Where is this industrial land located?
    The property is located at 13415 SULLIVAN ROAD Minneola, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: True industrial zoning on 10.5± acres directly along the Florida Turnpike.; Immediate adjacency to the $1B+ Hills City Center mixed‑use project.; Strategically positioned for Orlando MSA logistics and manufacturing connectivity.
    (407) 977-7600
    We can help!
    Listing Contact
    Barrett Spray
    Barrett Spray
    Real Estate License ID: 590021
    Learn More
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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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