Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Space Available Title is generated by Realmo AI

    106 W N Blvd, Leesburg, FL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space for rent with recent renovations and ample parking.

    Type:OFFICE
    Property size:
    2,504 SF
    Lot size:
    3.14 Acres
    Added:
    Mar 21, 2023
    Days on Market:
    1160
    Last Refresh:
    Apr 5 at 10:04 pm

    Property Features for 106 W N Blvd

    General Information

    Standard status
    Active
    Size
    2,504 SF
    Lot size
    3.14 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 106 W N Blvd Contact us

    We can help!

    Listing Contact
    Nick Barbato

    Listing agent Nick Barbato

    Listing office Equity Investment Services, LLC

    Listing date Mar 21, 2023

    Source Moodyscre

    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 Equity Investment Services, LLC

    HighLights

    • High traffic location: Over 33,000 vehicles pass by daily
    • Strategic location: Signalized corner of US Hwy 441 & N 3rd Street
    • Proximity to major routes: Conveniently close to US Hwy 441 & US Hwy 27 interchange
    • Flexible space: Choose from 2,500 sf up to 9,952 sf
    • Ample parking available
    • Newly renovated: Enjoy brand new interior & exterior renovations

    Overview

    This property offers office spaces ranging from 2,500 square feet up to 9,952 square feet. The building has undergone recent interior and exterior renovations. Ample parking is available. The location benefits from high traffic volume, with over 33,000 vehicles passing by daily. Situated at the signalized corner of US Highway 441 and North 3rd Street, the property is also located close to The Villages and the US Highway 441 and US Highway 27 interchange.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.8779
    Latitude
    28.8108

    Nearby Similar for Lease

    • $3,000/Mo
      9,800 SF

      Leesburg Office Space Available

      Two office units available, suitable for various businesses.
      401 E NORTH BOULEVARD, LEESBURG, FL 34748
      View Details
    • $26 SF/Yr
      8,642 SF

      Medical Office Near UF Health

      Medical office space for lease near UF Health Leesburg Hospital.
      640 S LAKE STREET, LEESBURG, FL 34748
      View Details
    • $1,850/Mo
      5,400 SF

      Leesburg Mixed-Use Highway Frontage

      Updated mixed-use building with high visibility on US Highway 441.
      1539 US HIGHWAY 441, LEESBURG, FL 34748
      View Details
    • $60,000 SF/Yr
      5,000 SF

      Leesburg Warehouse with Office Space

      5,000 SF warehouse with office space for lease.
      118 WEBER Ave, Leesburg, FL 34748
      View Details
    • $122,040 SF/Yr
      10,170 SF

      Modern Warehouses with Fenced Land

      Two modern, air-conditioned warehouses totaling 10,170 SF on 0.92 acres.
      1818 GREENLEAF Ln, Leesburg, FL 34748
      View Details
    • $93,800 SF/Yr
      13,400 SF

      Leesburg Industrial/Warehouse Space Available

      Industrial/Warehouse space for lease in Leesburg, Florida.
      2317 GRIFFIN Rd, Leesburg, FL 34748
      View Details
    • $2.00 SF/Yr
      4,520 SF

      Leesburg Commercial Space For Lease

      4,520 sq ft space suitable for various uses.
      1314 SUMTER St, Leesburg, FL 34748
      View Details
    • $21,806 SF/Yr
      1,200 SF

      Downtown Leesburg Corner Unit

      Prime retail/office space in thriving downtown Leesburg.
      200 W MAIN St, Leesburg, FL 34748
      View Details
    • $80,400 SF/Yr
      8,040 SF

      Leesburg Warehouse with Air Conditioning

      8,040 sq ft fully air conditioned warehouse for lease.
      125 MONTCLAIR Rd 2, Leesburg, FL 34748
      View Details
    • $22,200 SF/Yr
      784 SF

      Highway Frontage Retail/Office Space

      Updated retail/office space with high visibility on US Highway 441.
      1539 US HIGHWAY 441, Leesburg, FL 34748
      View Details
    • $53,900 SF/Yr
      8,036 SF

      Leesburg Office Space Available

      Office space for rent in Leesburg, Florida.
      300 RICHEY ROAD 3 & 4, LEESBURG, FL 34748
      View Details
    • $24,000 SF/Yr
      1,500 SF

      Renovated Office Space For Rent

      Newly renovated office space on a high-traffic corridor.
      1130 E NORTH Blvd, Leesburg, FL 34748
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with recent renovations and ample parking.
    Where is this office units located?
    The property is located at 106 W N Blvd Leesburg, FL.
    What are key features of this property?
    This property features: High traffic location: Over 33,000 vehicles pass by daily; Strategic location: Signalized corner of US Hwy 441 & N 3rd Street; Proximity to major routes: Conveniently close to US Hwy 441 & US Hwy 27 interchange
    (407) 573-0711 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nick Barbato
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    106 W N Blvd, Leesburg, FL
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!