711 N 3RD ST Leesburg, FL 34748
Turnkey, income-producing mixed-use property in a high-growth Central Florida market.
- Added:
- Mar 10, 2026
- Days on Market:
- 124
- Last Refresh:
- Jul 2 at 2:25 pm
Property Features for 711 N 3RD ST
General Information
- Standard status
- Active
- Size
- 15,300 SF
- Lot size
- 0.87 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2005
Listing office Olympus Executive Realty INC. (407) 334-7545
Listing date Mar 10, 2026
Source Elliman
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 Olympus Executive Realty INC.
Investment Insights
Based on property information with market context.
Key Highlights
- Turnkey and stabilized self‑storage facility with immediate cash flow.
- High‑performing mixed‑use property with fully leased medical office suites and climate‑controlled self‑storage units.
- Strategically located near major highways and a hub of medical and financial offices.
Local Financial Insights For Self Storage
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $220.3k | $14.40 |
| − Vacancy | −$15.4k | −$1.01 |
| EGI | $204.9k | $13.39 |
| − OpEx | −$61.5k | −$4.02 |
| NOI | $143.4k | $9.37 |
