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    1010 State Road 44 Leesburg, FL 34748

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    For Sale
    $699,000

    3.56 acre light industrial site near The Villages.

    Property Features for 1010 State Road 44

    General Information

    Standard status
    Active

    Source: GRIZZARD COMMERCIAL REALESTATE Agent MICHAEL PEDERSON

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

    Overview

    3.56 Acre Light Industrial Site

    This 3.56-acre site, with approximately 3.24 acres usable, features 890 feet of frontage on State Road 44 and a median cut at the intersection of State Road 44 and Whitney Road. Zoned LM (Light Industrial), the property is located less than 2 miles from The Villages and less than 2.5 miles from the intersection of State Road 44 and Morse Boulevard, a north/south corridor through The Villages. While the property is currently in the County, annexation into the City of Leesburg is possible, with City water available 250 feet to the east and City sewer approximately 1,400 feet to the east. A billboard is located on the site and is currently leased, generating approximately $2,500 per year.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Department Store Kitchen & Bath Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.9361588
    Latitude
    28.8144914

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    FAQs

    What type of property is this?
    Commercial land - 3.56 acre light industrial site near The Villages.
    Where is this commercial land located?
    The property is located at 1010 State Road 44 Leesburg, FL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Excellent visibility with **890' of frontage on SR 44** and a median cut at Whitney Road intersection.; - The **3.56 acre site** (approximately 3.24 acres usable) is zoned LM (Light Industrial).; - Located less than 2 miles from The Villages.
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    Leesburg, FL 34748
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    Realmo Value Estimation

    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.

    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.

    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
    1010 State Road 44 Leesburg, FL 34748
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