Manufacturing Building with Paint
111 Weber Avenue, Leesburg, FL 34748
For Sale
New
Contact for pricing
Three-phase power, multiple loading doors, and dedicated office space support a range of manufacturing operations.
Property Size17,250 SF
Lot Size2.42 Acres
Price / SF$114.20
Days on Market7
Property Features for 111 Weber Avenue
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Road Frontage
Traffic Count
Highway Access
Road Access
Outdoor Storage
Utilities to Site
Warehouse & Industrial
Warehouse Space
Office Build-Out
Dock-High Doors
Drive-In Doors
Three-Phase Power
Additional Details
Land Use
Amenities
paint booths
high-pressure air system
Building Details
Year Built
Buildings
Building Size
Construction
Listing Agency:
Saunders Real Estate
Listed By:
Marvin Puryear · License FL #3163836
(352) 267-5900
Source:
Crexi
Added: Nov 5
Changed: Nov 10
Last Checked: Nov 10 at 6:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Saunders Real Estate
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Investment Insights
Based on property information with market context.
The 1984 steel-frame facility contains approximately 15,500 SF of enclosed space, divided between 13,160 SF of warehouse area and 2,340 SF of finished offices, plus a 1,750 SF canopy. Office improvements include a reception area, conference room, executive and private offices, open workstations, and two restrooms; a third restroom serves the warehouse. Equipment includes two paint booths, a rotary screw compressor with high-pressure air, and three-phase power on three meters. Loading is served by two dock-high doors, five grade-level doors, and a two-bay area. The building has a 17-foot eave and six paved parking spaces.
The property combines two parcels totaling approximately 2.42 acres, zoned M-1. The adjoining 0.92-acre lot is used for overflow parking and may accommodate outdoor storage, additional parking, or a future building subject to City of Leesburg site plan approval. The site fronts Weber Avenue near SR 44, which carries 25,000 vehicles daily, including 15.1 percent trucks and buses. US 27 is approximately 2.6 miles away, and I-75 and the Turnpike’s northern terminus are about 11.8 miles west.
The property combines two parcels totaling approximately 2.42 acres, zoned M-1. The adjoining 0.92-acre lot is used for overflow parking and may accommodate outdoor storage, additional parking, or a future building subject to City of Leesburg site plan approval. The site fronts Weber Avenue near SR 44, which carries 25,000 vehicles daily, including 15.1 percent trucks and buses. US 27 is approximately 2.6 miles away, and I-75 and the Turnpike’s northern terminus are about 11.8 miles west.
Key Highlights
- Approximately 17,250 SF building on 2.42 acres across two parcels
- Enclosed area includes approximately 2,340 SF of offices and 13,160 SF of warehouse space
- Two dock‑high doors, five grade‑level doors, and a two‑bay loading area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,810
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,200
$2.4M
Cap Rate 7%
$1,697,286
$1.7M
Cap Rate 9%
$1,320,111
$1.3M
Market Conditions
NOI Build-Up for 17,250 SF
Gross rent
$151.1K $8.76/SF
− Vacancy
−$11.3K −$0.66/SF
EGI
$139.8K $8.10/SF
− OpEx
−$21.0K −$1.22/SF
NOI
$118.8K $6.89/SF
Area
Lake County, FL
Vacancy
7.50%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,376,200
Cap Rate 7%
$1,697,286
Cap Rate 9%
$1,320,111
Alternative Uses
Best Use
Warehouse
$1.70M
$1.49M – $1.98M
NOI $118,810 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$1.38M
$1.20M – $1.61M
NOI $96,363 @ 7.0% cap · market cap 4.89%
Theoretical Best
Office A
$5.56M
$4.87M – $6.49M
NOI $389,367 @ 7.0% cap · market cap 19.76%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Dock-high doors
5
Drive-in doors
25,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
200
Businesses Nearby
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Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Three-phase power, multiple loading doors, and dedicated office space support a range of manufacturing operations.
Where is this manufacturing property located?
The property is located at 111 Weber Avenue Leesburg, FL.
What is the asking price?
The asking price for this property is $1,970,000.
What are key features of this property?
This property features: Approximately 17,250 SF building on 2.42 acres across two parcels; Enclosed area includes approximately 2,340 SF of offices and 13,160 SF of warehouse space; Two dock‑high doors, five grade‑level doors, and a two‑bay loading area
