Retail and Office Investment
For Sale
Contact for pricing
100 W Burleigh Blvd, Tavares, FL
Retail and office property on 0.90 acres in Lake County.
Property Size6,183 SF
Lot Size0.90 Acres
Price / SF$160.12
Days on Market523
Property Features for 100 W Burleigh Blvd
General Information
Standard status
Active
Size
6,183 SF
Lot size
0.90 Acres
Property subtype
RETAIL
Listing Agency:
Foundry Commercial - Corporate
(407) 540-7700
Listed By:
Lawson Dann
(407) 342-4698
Source:
Moodyscre
Added: Apr 9, 2025
Changed: Aug 16
Last Checked: Sep 12 at 9:00AM
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 Foundry Commercial - Corporate
Investment Insights
Based on property information with market context.
This property is situated on approximately 0.90 acres in Lake County and includes two tenants occupying a total of approximately 6,183 square feet of retail space. Originally designed as three separate spaces, the property currently houses Simcon Concrete in a 2,160-square-foot office and David’s World Cycle, a bike retail space, in the remaining 4,023 square feet. The property benefits from visibility on 441 and has been well maintained.
Key Highlights
- Located on ±0.90 acres in Lake County.
- Features two tenants: Simcon Concrete and David’s World Cycle totaling ±6,183 SF of retail space.
- Good exposure on 441.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,154
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,463,080
$1.5M
Cap Rate 7%
$1,045,057
$1.0M
Cap Rate 9%
$812,822
$812.8K
Market Conditions
NOI Build-Up for 6,183 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$111.3K $18.00/SF
− Vacancy
−$6.8K −$1.10/SF
EGI
$104.5K $16.90/SF
− OpEx
−$31.4K −$5.07/SF
NOI
$73.2K $11.83/SF
Area
Lake County, FL
Vacancy
6.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,463,080
Cap Rate 7%
$1,045,057
Cap Rate 9%
$812,822
Alternative Uses
Best Use
Office B
$1.32M
$1.15M – $1.54M
NOI $92,374 @ 7.0% cap · market cap 9.33%
Second Best
Retail
$1.05M
$914.4K – $1.22M
NOI $73,154 @ 7.0% cap · market cap 7.39%
Theoretical Best
Office A
$1.76M
$1.54M – $2.05M
NOI $123,165 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
359
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Retail space - Retail and office property on 0.90 acres in Lake County.
Where is this retail space located?
The property is located at 100 W Burleigh Blvd Tavares, FL.
What is the asking price?
The asking price for this property is $990,000.
What are key features of this property?
This property features: Located on ±0.90 acres in Lake County.; Features **two tenants: Simcon Concrete and David’s World Cycle** totaling ±6,183 SF of retail space.; Good exposure on 441.
