Flex Space with Roll-Up
New
For Sale
$699,900
113 N 7TH Street, Leesburg, FL 34748
Commercial Sale, LEESBURG, FL
Property Size7,000 SF
Lot Size0.17 Acres
Price / SF$100
Days on Market3
Property Features for 113 N 7TH Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CBD
Subdivision
LEESBURG CITRUS PARK
Directions
HWY 27, TURN EAST ONTO W MAIN ST, N 7TH ST ON LEFT
Standard status
Active
APN
26-19-24-0600-00B-00100
Size
6,930 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LEESBURG CITRUS PARK LOT 1 BLK B N 1/2 OF ALLEY LYING BETWEEN E 1/2 OF LOT 1 BLK B & LOTS 1 & 2 BLK A PB 2 PG 21 ORB 5860 PG 490
Tax Annual Amount
5570
Legal Description
LEESBURG CITRUS PARK LOT 1 BLK B N 1/2 OF ALLEY LYING BETWEEN E 1/2 OF LOT 1 BLK B & LOTS 1 & 2 BLK A PB 2 PG 21 ORB 5860 PG 490
Utilities
Cooling system
Central Air
Amenities
9-foot roll-up door
double glass entry doors
abundant window space
two single-door entrances
Building Details
Year built
1926
Building materials
Block, Brick
Listing Agency:
WHEATLEY REALTY GROUP
(352) 227-3834
Listed By:
Alison Wheatley
(352) 396-1653
Added: Oct 21
Changed: Oct 23
Last Checked: Oct 23 at 1:06PM
MLS# G5119298
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.
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Investment Insights
Based on property information with market context.
This 6,930-square-foot flex space in a 1926 block-and-brick building is offered as an open shell. Approximately two-thirds of the floor is concrete, with the balance unfinished. Electrical service is in place, and plumbing has been started for a potential bathroom. The building has received a new roof and underpinning; it does not currently have air conditioning. The parcel measures 0.17 acres and is zoned CBD.
Access is provided from both N 7th Street and Orange Avenue. The Orange Avenue side includes a 9-foot roll-up door, double glass entry doors, and windows. Two single-door entrances and additional window area face N 7th Street.
Access is provided from both N 7th Street and Orange Avenue. The Orange Avenue side includes a 9-foot roll-up door, double glass entry doors, and windows. Two single-door entrances and additional window area face N 7th Street.
Key Highlights
- 6,930‑square‑foot flex space on a 0.17‑acre parcel
- CBD zoning
- 9‑foot roll‑up door on Orange Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,713
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,260
$774.3K
Cap Rate 7%
$553,043
$553.0K
Cap Rate 9%
$430,144
$430.1K
Market Conditions
NOI Build-Up for 6,930 SF
Gross rent
$60.7K $8.76/SF
− Vacancy
−$5.4K −$0.78/SF
EGI
$55.3K $7.98/SF
− OpEx
−$16.6K −$2.39/SF
NOI
$38.7K $5.59/SF
Area
Lake County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$774,260
Cap Rate 7%
$553,043
Cap Rate 9%
$430,144
Alternative Uses
Best Use
Retail
$1.17M
$1.02M – $1.37M
NOI $81,992 @ 7.0% cap · market cap 11.71%
Second Best
Industrial
$553.0K
$483.9K – $645.2K
NOI $38,713 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$1.97M
$1.73M – $2.30M
NOI $138,046 @ 7.0% cap · market cap 19.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,740
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Similar Off Market Nearby
- Debra Davis Catering — 1 Dozier Cir, Leesburg, FL 34748
- Debra Davis Catering — 509 E Main St, Leesburg, FL 34748
Frequently Asked Questions
What type of property is this?
Flex space - An unfinished commercial interior offers a roll-up entrance, existing electrical service, and room for a buyer-designed layout.
Where is this flex space located?
The property is located at 113 N 7TH Street Leesburg, FL.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 6,930‑square‑foot flex space on a 0.17‑acre parcel; CBD zoning; 9‑foot roll‑up door on Orange Avenue
