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

    32900 Radio Rd Leesburg, FL 34788

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $950,000

    17.14 acres for mixed-use development, Leesburg, Florida.

    Lot size:
    17.14 Acres

    Property Features for 32900 Radio Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    17.14 Acres

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Mary Baker
    Mary Baker
    Source: Elliman

    Listing Agent: Mary Baker

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

    Learn more

    Overview

    Mixed-Use Development Opportunity

    This mixed-use property offers a development opportunity spanning 17.14 acres. Approximately 6 acres are available for a planned unit development (PUD) that could accommodate up to 27 residential units. Located in a prime area near a mall, restaurants, and Leesburg Airport, the property's value is primarily in the land. The owner is open to a partnership or joint venture with an experienced developer, in addition to an outright sale, making it an attractive opportunity for investors or developers. A recent environmental assessment has been completed, and a survey is available.
    Location Intelligence

    Current Use by Public Records

    Pull My Finger Radio Station

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.786827
    Latitude
    28.8287692

    Nearby Similar for Sale

    • $599,000
      2,968 SF

      Downtown Leesburg Professional Office Building

      Well-maintained office building in downtown Leesburg with tenant in place.
      1029 W Magnolia St, Leesburg, FL 34748
      View Details
    • $1,250,000
      9,800 SF

      Leesburg Office Building on Highway 441

      9,800 SF medical/professional office building with highway frontage.
      401 E North Blvd, Leesburg, FL 34748
      View Details
    • $299,900
      1,242 SF

      Leesburg Commercial Building on US-441

      Rehabilitated 1,242 SF building on high-traffic corridor.
      1821 Us Highway 441, Leesburg, FL 34748
      View Details
    • $750,000
      3,956 SF

      Leesburg Retail Building For Sale

      Two-unit retail building with billboard on Highway 27.
      107 S 14Th St, Leesburg, FL 34748
      View Details
    • New
      $480,000
      2,622 SF

      New Leesburg Duplex Under Construction

      New construction duplex near schools, designed for low maintenance.
      2108 South St, Leesburg, FL 34748
      View Details
    • $1,600,000
      15,300 SF

      Leesburg Mixed-Use Commercial Property

      Mixed-use commercial property with medical suites and self-storage units.
      711 N 3Rd St, Leesburg, FL 34748
      View Details
    • $500,000
      4,356 SF

      Leesburg Quadruplex Investment Opportunity

      Income-producing quadruplex near downtown Leesburg and UF Hospital.
      643 W Oak Terrace Dr, Leesburg, FL 34748
      View Details
    • $950,000
      22.50 Acres

      Equestrian Estate on 22.5 Acres

      22.5 acre Leesburg estate ideal for horse enthusiasts or investors.
      41204 Emeralda Island Rd, Leesburg, FL 34788
      View Details
    • $425,000
      1,454 SF

      Leesburg Triplex Investment Opportunity

      Fully rented triplex in Leesburg, Florida, with immediate rental income.
      1611 Indian Trl, Leesburg, FL 34748
      View Details
    • $2,500,000
      Pending

      Leesburg Multi-Family Investment Opportunity

      41-unit mobile home/RV park with expansion potential.
      28313 Us Highway 27, Leesburg, FL 34748
      View Details
    • $670,000
      3,465 SF

      Former Assisted Living Facility

      20-bed facility in Downtown Leesburg, FL, ready for boarding house.
      201 Rosefield Ave, Leesburg, FL 34748
      View Details
    • $599,000
      2,968 SF

      Downtown Leesburg Professional Office Building

      Well-maintained office building in downtown Leesburg with tenant in place.
      1029 W Magnolia St, Leesburg, FL 34748
      View Details

    FAQs

    What type of property is this?
    Commercial land - 17.14 acres for mixed-use development, Leesburg, Florida.
    Where is this commercial land located?
    The property is located at 32900 Radio Rd Leesburg, FL.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - 17.14 acre Mixed Use property with 6 acres for a Planned Unit Development (PUD).; - PUD capable of accommodating **27 residential units**.; - Opportunity for partnership or joint venture with the owner.
    (352) 636-2733
    Request Owner's contact information
    32900 Radio Rd Leesburg, FL 34788
    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.
    32900 Radio Rd
    Leesburg, FL 34788
    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
    32900 Radio Rd Leesburg, FL 34788
    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
    Mary Baker
    Mary Baker
    (352) 636-2733
    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!