Retail Building on Highway
107 S 14TH St Leesburg, FL 34748
For Sale
$750,000
Two-unit retail building with billboard on Highway 27.
Property Size3,956 SF
Price / SF$189.59
Days on Market96
Property Features for 107 S 14TH St
General Information
Standard status
Active
Size
3,956 SF
Property subtype
Commercial
Building Details
Year Built
1958
Listing Agency:
RW Realty of Clermont Inc DBA ENGEL & VÖLKERS
(407) 432-8612
Listed By:
John Hart, PLLC
(407) 432-8612
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 11:09AM
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 RW Realty of Clermont Inc DBA ENGEL & VÖLKERS
Investment Insights
Based on property information with market context.
This 3956 square foot retail building is divided into two units and is located on Highway 27. The property includes a billboard on site. The location has a walk score of 65, indicating it is somewhat walkable, and a bike score of 59, indicating it is bikeable. The property is zoned C-3, making it suitable for a wide range of businesses.
Key Highlights
- Highly visible location on Highway 27.
- Two‑unit retail building suitable for various businesses (C‑3 Zoning).
- Billboard on site for advertising.
Financial Insights For Retail
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 | $71.2k | $18.00 |
| − Vacancy | −$4.3k | −$1.10 |
| EGI | $66.9k | $16.90 |
| − OpEx | −$20.1k | −$5.07 |
| NOI | $46.8k | $11.83 |
3,956 SF · lease $18.00/SF/yr · vacancy 6.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$668.6K
$585.1K – $780.1K
NOI $46,805 @ 7.0% cap · market cap 6.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$985.1K – $1.31M
NOI $78,804 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Two-unit retail building with billboard on Highway 27.
Where is this retail space located?
The property is located at 107 S 14TH St Leesburg, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Highly visible location on Highway 27.; Two‑unit retail building suitable for various businesses (C‑3 Zoning).; Billboard on site for advertising.
