Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1299 S Duncan Dr Tavares, FL

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $650,000

    1.04 AC vacant land with high visibility in Tavares, FL.

    Type:LAND
    Lot size:
    1.04 Acres
    Added:
    Jan 8, 2024
    Days on Market:
    814
    Last Refresh:
    Mar 29 at 8:46 pm

    Property Features for 1299 S Duncan Dr

    General Information

    Standard status
    Active
    Lot size
    1.04 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    J. R. Long, CCIM

    Listing agent J. R. Long, CCIM

    Listing office Ciminelli Real Estate Services - Proctor & Long Group

    Listing date Jan 8, 2024

    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 Ciminelli Real Estate Services - Proctor & Long Group

    Overview

    Vacant Land For Sale

    This 1.04 +/- acre vacant land is available for sale or ground lease. It is located on the corner of S Duncan Drive and County Road in Tavares, Florida, offering excellent street visibility and heavy traffic counts. The property benefits from service road access and is situated near co-retailers, including a newly constructed O'Reilly Auto Parts and Wash City Car Wash. The lot is entitled for 2,500 +/- square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.745
    Latitude
    28.7906

    Nearby Similar for Sale

    • $1,300,000
      5,124 SF

      Tavares Office Buildings For Sale

      Two office buildings totaling over 5,100 SF on 1.25 acres.
      915 E ALFRED STREET, TAVARES, FL 32778
      View Details
    • $374,900
      2,549 SF

      TAVARES Triplex: Investment Opportunity

      Income-producing triplex in Tavares with upside potential.
      708 N SAINT CLAIR ABRAMS AVENUE, TAVARES, FL 32778
      View Details
    • $1,200,000

      Downtown Tavares Office Building For Sale

      8,500 sq ft office building in downtown Tavares.
      131 W MAIN STREET, TAVARES, FL 32778
      View Details
    • $1,150,000
      3,896 SF

      Waterfront Investment Property on Canal

      Waterfront multi-unit property with income potential and boat slip rentals.
      26645 COUNTY ROAD 561, TAVARES, FL 32778
      View Details
    • $979,000

      Lake Harris Waterfront Land Opportunity

      2.79 acres with 230 feet of direct waterfront.
      31035 COVE ROAD, TAVARES, FL 32778
      View Details
    • $280,000
      1,350 SF

      TAVARES Income-Producing Duplex For Sale

      Turnkey Tavares duplex generating $24,000 annual rental income.
      545 OAK DRIVE, TAVARES, FL 32778
      View Details
    • $255,000

      Lake Eustis Buildable Homesite

      Rare homesite with deeded lakefront access on Lake Eustis.
      3231 LANDING VIEW, TAVARES, FL 32778
      View Details
    • $255,000

      Lake Eustis Buildable Homesite

      Rare homesite with deeded lakefront access on Lake Eustis.
      3225 LANDING VIEW, TAVARES, FL 32778
      View Details
    • $994,000

      Lakefront Land on Deer Island

      2.33 acre lakefront homesite on Lake Dora.
      17707 SAWGRASS RUN, TAVARES, FL 32778
      View Details
    • $1,150,000
      3,896 SF

      Waterfront Quadruplex Investment Opportunity

      Waterfront multi-unit property on Little Lake Harris Canal.
      26645 COUNTY ROAD 561, TAVARES, FL 32778
      View Details
    • $155,000

      Lakefront Buildable Lot Opportunity

      0.36-acre lot on canal to Lake Harris, Tavares, FL
      COVE ROAD, TAVARES, FL 32778
      View Details
    • $310,000

      Lakefront Homesite on Lake Dora

      Waterfront lot on Lake Dora, minutes from downtown Tavares.
      1629 SUNSHINE LANE, TAVARES, FL 32778
      View Details

    FAQs

    What type of property is this?
    Land - 1.04 AC vacant land with high visibility in Tavares, FL.
    Where is this land located?
    The property is located at 1299 S Duncan Dr Tavares, FL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: Excellent street visibility due to corner lot location.; Heavy traffic counts, increasing exposure.; Located on S Duncan Drive and County Road in Tavares, Florida.
    (850) 509-2137
    We can help!
    Listing Contact
    J. R. Long, CCIM
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!