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Leesburg Self-Storage Value-Add Opportunity

1003 & 1007 WAREHOUSE Dr Leesburg, FL 34748

1003 & 1007 WAREHOUSE Dr, Leesburg, FL, 34748

$2,200,000

For Sale

$2,200,000

197-unit self-storage facility with outdoor storage and value-add potential.

Property Size32,000 SF

Price / SF$68.75

AddedApr 24

Days on Market84

Last RefreshJul 15 at 6:27 pm

Property Features for 1003 & 1007 WAREHOUSE Dr

General Information

Standard status: Active
Size: 32,000 SF
Property subtype: Industrial

Building Details

Year Built: 1979

Listing office GRIZZARD COMMERCIAL REALESTATE

Listing date Apr 24, 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 GRIZZARD COMMERCIAL REALESTATE

Investment Insights

Based on property information with market context.

This self-storage facility, known as Flamingo Mini Storage, presents a value-add opportunity. Located in Leesburg and close to The Villages, the property features 197 units and approximately 15 outdoor storage spaces. The facility has never been marketed or advertised, and all current rentals are month-to-month. The buildings comprise approximately 32,000 square feet. The site includes an additional parcel at the entrance, suitable for ample signage, and features a gated entry.

Key Highlights

Rare value‑add opportunity with month‑to‑month rentals allowing for immediate revenue optimization
Priced well below replacement cost due to its substantial 32,000 +/- Sq. Ft. building size
Features 197 self‑storage units plus 15 +/- outdoor storage spaces

Local Financial Insights For Industrial

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$280.3k	$8.76
− Vacancy	−$24.9k	−$0.78
EGI	$255.4k	$7.98
− OpEx	−$76.6k	−$2.39
NOI	$178.8k	$5.59

32,000 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 30.00%

Alternative Uses

Best Use

Self Storage

$4.29M

$3.75M – $5.00M (±1% cap)

NOI $299,981 @ 7.0% cap · market cap 13.64%

Second Best

Industrial

$2.55M

$2.23M – $2.98M (±1% cap)

NOI $178,760 @ 7.0% cap · market cap 8.13%

Theoretical Best

Office A

$9.11M

$7.97M – $10.62M (±1% cap)

NOI $637,440 @ 7.0% cap · market cap 28.97%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

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For sale
Self storage facilities
FL
Leesburg
34748
1003 & 1007 WAREHOUSE Dr

What type of property is this?

Self storage facility - 197-unit self-storage facility with outdoor storage and value-add potential.

Where is this self storage facility located?

The property is located at 1003 & 1007 WAREHOUSE Dr Leesburg, FL.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Rare value‑add opportunity with month‑to‑month rentals allowing for immediate revenue optimization; Priced well below replacement cost due to its substantial 32,000 +/- Sq. Ft. building size; Features 197 self‑storage units plus 15 +/- outdoor storage spaces