Professional Office Building with
1904 Thomas Avenue LEESBURG, Leesburg, FL 34748
New
Three-unit office building with new HVAC and a mezzanine suited for expansion or tenant use.
Property size:
16,194 SFPrice / SF:
$179/SF- Added:
- Jul 7, 2026
- Days on Market:
- 2
- Last Refresh:
- Jul 7 at 6:21 am
Property Features for 1904 Thomas Avenue LEESBURG
General Information
- Standard status
- Active
- Size
- 16,194 SF
Building Details
- Year Built
- 2009
Listing office (904) 569-5862
Listing date Jul 7, 2026
Source Movetojacksonville
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 Kelly Regan
HighLights
- 19,278 SF professional office building built in 2009 on a 2.74‑acre lot with 1 building and 3 office units
- Parking for 90+ vehicles with asphalt/paved access on a city street
- Value‑add potential with 3,000 SF mezzanine that could be finished and leased for additional income
- Unit 1 is approximately 5,300 +/- SF and currently vacant, featuring a lobby with floor‑to‑ceiling glass and a kitchen/breakroom
- Upgrades include brand new A/C units for units 2 & 3, plus high‑speed data lines, LED lighting, and a PA system
- Building is fully sprinkled and includes security/fire alarms; flooring includes carpet, concrete, and tile
Overview
This is a professional office building offering approximately 19,278 SF across three units, with two of the units currently tenant occupied under NNN leases. A vacant Unit 1 is laid out as a showpiece space of approximately 5,300 +/- SF, with an impressive lobby featuring floor-to-ceiling glass, a beautiful entrance, and multiple large rooms that could support offices, classrooms, or conference use. The building includes a spacious kitchen/breakroom in Unit 1 and a partially finished 3,000 SF mezzanine that could be finished out and leased. Building upgrades include brand new A/C units for Units 2 and 3, high-speed data lines, LED lighting, a PA system with white noise, security/fire alarms, and a fully sprinkled setup.
Access is described as easy along a main road, and the property has 90+ parking spaces. The building is located in Leesburg, identified as in the heart of Central Florida, and is minutes to I-75, FL Turnpike, US Hwy 441 and 27. The remarks also note more than 500 new residential units under construction across the street.
For tenants, the combination of a turnkey-ready vacant unit plus flexible rooming in multiple configurations may support customer service, call center, healthcare, institutional, school, church, or corporate office use. For owner-users or investors, the current partially occupied structure with NNN leases and the expandable mezzanine configuration provide a practical platform to operate and manage a multi-unit professional office asset.
Access is described as easy along a main road, and the property has 90+ parking spaces. The building is located in Leesburg, identified as in the heart of Central Florida, and is minutes to I-75, FL Turnpike, US Hwy 441 and 27. The remarks also note more than 500 new residential units under construction across the street.
For tenants, the combination of a turnkey-ready vacant unit plus flexible rooming in multiple configurations may support customer service, call center, healthcare, institutional, school, church, or corporate office use. For owner-users or investors, the current partially occupied structure with NNN leases and the expandable mezzanine configuration provide a practical platform to operate and manage a multi-unit professional office asset.
Local Financial Insights For Office B
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 | $388.7k | $24.00 |
| − Vacancy | −$66.1k | −$4.08 |
| EGI | $322.6k | $19.92 |
| − OpEx | −$80.6k | −$4.98 |
| NOI | $241.9k | $14.94 |
16,194 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.46M
$3.02M – $4.03M
NOI $241,938 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.61M
$4.03M – $5.38M
NOI $322,584 @ 7.0% cap · market cap 11.12%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Trial AI
Corporate Office
SocialGainsAgency
Association / Organization
AMAC Action
Association Or Organization
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.9016046
- Latitude
- 28.8382556
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Three-unit office building with new HVAC and a mezzanine suited for expansion or tenant use.
Where is this office building located?
The property is located at 1904 Thomas Avenue LEESBURG Leesburg, FL.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 19,278 SF professional office building built in 2009 on a 2.74‑acre lot with 1 building and 3 office units; Parking for 90+ vehicles with asphalt/paved access on a city street; Value‑add potential with 3,000 SF mezzanine that could be finished and leased for additional income
