Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1006 W Burleigh Blvd Tavares, FL 32778

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $850,000

    Prime waterfront property with two thriving businesses on Chain of Lakes.

    Property size:
    1,890 SF
    Lot size:
    14.75 Acres

    Property Features for 1006 W Burleigh Blvd

    General Information

    Standard status
    Active
    Size
    1,890 SF
    Lot size
    14.75 Acres

    Building Details

    Year built
    1963

    We can help!

    Listing Contact
    Scott Strem
    Source: Corcoran

    Listing Agency: MORRIS REALTY AND INVESTMENTS Listing Agent: Scott Strem

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Waterfront Property with Two Businesses

    This is a unique opportunity to acquire a prime waterfront property featuring two established businesses: a jet ski/boat rental and a bait and tackle shop. The property is located on Lake Eustis, the central hub of the Harris Chain of Lakes, and directly on US HWY 441, which sees over 47,000 vehicles per day. The landmark nautical-design building, currently a profitable bait shop with boat drive-up service, has a history of versatility, previously serving as a real estate office and chiropractor's office since its construction in 1963. The sale includes the jet ski/boat rental business, complete with its inventory of 7 pontoon boats, 4 jet skis, 1 CraigCat, 9 floating docks, and a service lift. All boats, jet skis, furniture, fixtures, and equipment are included in the sale. Also included are 13+ acres directly across from the parent parcel on US HWY 441, which features an income-producing billboard. The property size is 1890 square feet. The owners are willing to assist in the transition to new ownership.
    Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.7376507
    Latitude
    28.8107599

    Nearby Similar for Sale

    • $1,200,000
      8,500 SF

      Downtown Tavares Office Building For Sale

      8,500 sq ft office building in downtown Tavares.
      131 W Main St, Tavares, FL 32778
      View Details
    • New
      $410,000
      2,549 SF

      Tavares Triplex: Investment Opportunity

      Income-producing triplex in Tavares, Florida with strong rental demand.
      708 N Saint Clair Abrams Ave, Tavares, FL 32778
      View Details
    • $1,300,000
      5,124 SF

      Tavares Office Buildings For Sale

      Two office buildings totaling over 5,100 SF on 1.25 acres.
      915 E Alfred St, Tavares, FL 32778
      View Details
    • $280,000
      1,350 SF

      TAVARES Income-Producing Duplex For Sale

      Turnkey Tavares duplex generating $24,000 annual rental income.
      545 Oak Dr, Tavares, FL 32778
      View Details
    • $1,250,000
      3,896 SF

      Waterfront Quadruplex Investment Opportunity

      Waterfront multi-unit property on Little Lake Harris Canal.
      26645 County Road 561, Tavares, FL 32778
      View Details
    • $1,250,000
      3,896 SF

      Waterfront Investment Property on Canal

      Waterfront multi-unit property with income potential and boat slip rentals.
      26645 County Road 561, Tavares, FL 32778
      View Details
    • $799,000

      Retail Buildings on Highway 441

      Two retail buildings on a high-traffic highway, ideal for investment.
      11145 Us Highway 441, Tavares, FL 32778
      View Details
    • $450,000

      Downtown Tavares Office Investment Opportunity

      Two-unit office building with high visibility in downtown Tavares.
      407 E Alfred St, Tavares, FL 32778
      View Details
    • Contact for pricing
      6,183 SF

      Retail and Office Investment Property

      Retail and office property on 0.90 acres in Lake County.
      100 W Burleigh Blvd, Tavares, FL 32778
      View Details
    • $500,000
      2,070 SF

      Waterfront Commercial Property on Chain

      Waterfront commercial property with redevelopment potential on the Chain of Lakes.
      1050 W Burleigh Blvd, Tavares, FL 32778
      View Details
    • $130,000

      Tavares Multifamily Property for Sale

      Multifamily property available in Tavares, Florida.
      662 Sinclair Cir, Tavares, FL 32778
      View Details
    • $799,000
      4,384 SF

      Downtown Tavares Mixed-Use Opportunity

      Versatile mixed-use property in downtown Tavares, Florida.
      227 E Main St, Tavares, FL 32778
      View Details

    FAQs

    What type of property is this?
    Marina - Prime waterfront property with two thriving businesses on Chain of Lakes.
    Where is this marina located?
    The property is located at 1006 W Burleigh Blvd Tavares, FL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime Chain of Lakes waterfront property on Lake Eustis.; - Includes two established, turn-key businesses: a jet ski/boat rental and a bait and tackle shop.; - All boats, jet skis, furniture, fixtures, equipment, and inventory are included in the sale.
    (352) 978-3428
    Request Owner's contact information
    1006 W Burleigh Blvd Tavares, FL 32778
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1006 W Burleigh Blvd
    Tavares, FL 32778
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    1006 W Burleigh Blvd Tavares, FL 32778
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Strem
    Real Estate License ID: FLORIDABK3106245
    (352) 978-3428 352435 (352) 435-4663
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!