Add Listing
    For Lease
    • 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

    27900 Us Hwy 27 Hwy Leesburg, FL 34748

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22,500

    Retail space for lease in a high-traffic area.

    Lot size:
    3.20 Acres

    Property Features for 27900 Us Hwy 27 Hwy

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    3.20 Acres

    Building Details

    Year built
    2008

    We can help!

    Listing Contact
    Daniel Tatro
    Source: Elliman

    Listing Agency: GRIZZARD COMMERCIAL REALESTATE Listing Agent: Daniel Tatro

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space on US Hwy 27

    A retail space is available for lease in a well-located retail strip center on US Hwy 27. The available space is 1,250 square feet. The location experiences high retail traffic with 29,500 FDOT average trips per day. The center is located in the heart of Central Florida on US Hwy 27, south of Leesburg, close to The Villages, one hour from Orlando, and minutes from the Florida Turnpike, I-75, and US 441. Nearby businesses include Publix, Perkins, Dollar General, Oakwood Smokehouse, McDonalds, and auto parts stores. The center is currently home to the Sheriffs Youth Ranch Thrift Store, Domino's, and Anytime Fitness. Flexible lease terms are available.
    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

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.8939
    Latitude
    28.8097

    Nearby Similar for Lease

    • $26 SF/Yr
      8,642 SF

      Medical Office Near UF Health

      Medical office space for lease near UF Health Leesburg Hospital.
      640 S Lake St, Leesburg, FL 34748
      View Details
    • $2,400 /Mo
      1,976 SF

      Leesburg Mixed-Use Office/Warehouse Facility

      Office/warehouse with mixed-use potential in Leesburg Commerce Park.
      2848 W Main St, 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
    • $4,800 /Mo

      Downtown Leesburg Business Center Suites

      Suites available in downtown Leesburg business center.
      711 W Main St, Leesburg, FL 34748
      View Details
    • $4,800 /Mo

      Downtown Leesburg Office Suites

      Office suites available in historic downtown Leesburg.
      711 W Main St, Leesburg, FL 34748
      View Details
    • $57,600

      Medical Professional Building on US Hwy

      3,600+/- SF medical professional building for lease on US Hwy.
      9846 Us Highway 441, Leesburg, FL 34788
      View Details
    • $27,000

      Turnkey Medical/Professional Office Space

      Turnkey medical/professional office space for lease in Leesburg, Florida.
      33049 Professional Dr, Leesburg, FL 34788
      View Details
    • $21,000

      Medical Suite Across From Hospital

      Medical suite available for lease directly across from UF Health.
      601 E Dixie Ave, Leesburg, FL 34748
      View Details
    • $23,940

      Downtown Leesburg Office Space

      1,600 SF office space in historic downtown Leesburg.
      2017 W Main St, Leesburg, FL 34748
      View Details
    • $10,080 /Mo

      Retail Plaza on Hwy 441/27

      Retail spaces available in Leesburg with high traffic visibility.
      2111-2199 Citrus Blvd, Leesburg, FL 34748
      View Details
    • $48,000

      Leesburg Industrial Park Warehouse/Office Space

      Warehouse and office space available in Leesburg Industrial Park.
      3601 Parkway Blvd, Leesburg, FL 34748
      View Details
    • $60,000

      Leesburg Industrial Space with Yard

      10,608 SF industrial building with fenced yard for lease.
      2206 Griffin Rd, Leesburg, FL 34748
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail space for lease in a high-traffic area.
    Where is this strip mall located?
    The property is located at 27900 Us Hwy 27 Hwy Leesburg, FL.
    What is the lease rate?
    The lease rate is $22,500.
    What are key features of this property?
    This property features: - High-traffic location on US Hwy 27 with 29,500 FDOT average daily trips; - Located in a high-retail area near Publix, Perkins, Dollar General, Oakwood Smokehouse, McDonalds, and Auto Parts stores; - Join established tenants Sheriffs Youth Ranch Thrift Store, Domino's, and Anytime Fitness
    (352) 396-9136
    Request Owner's contact information
    27900 Us Hwy 27 Hwy Leesburg, FL 34748
    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.
    27900 Us Hwy 27 Hwy
    Leesburg, FL 34748
    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
    27900 Us Hwy 27 Hwy Leesburg, FL 34748
    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

    We can help!
    Listing Contact
    Daniel Tatro
    Real Estate License ID: 3190991
    (352) 396-9136 (352) 787-6966
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!