Independent Motel with 13
For Sale
$699,000
1306 S 14th St, Leesburg, FL 34748
Independent 13-room motel with on-site parking and an owner/manager apartment, offered with FF&E and operating assets.
Property Size5,603 SF
Lot Size0.60 Acres
Price / SF$124.75
Days on Market117
Property Features for 1306 S 14th St
General Information
Standard status
Active
Size
5,603 SF
Lot size
0.60 Acres
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$4,298
Listing Agency:
FLORIDA HOMES REALTY & MORTGAGE
(904) 996-9144
Listed By:
Safal Desai
(352) 328-7896
Source:
Exprealty
Added: May 12
Changed: Aug 21
Last Checked: Sep 4 at 10:46AM
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 FLORIDA HOMES REALTY & MORTGAGE
Investment Insights
Based on property information with market context.
This independent motel property includes 13 rooms and approximately 5,603 SF of accommodation on about 0.60 acres. The offering includes an owner/manager apartment on-site, along with on-site parking. Multiple larger units are part of the room mix, and the sale is structured to include the real estate plus FF&E, motel name, goodwill, and operating assets. The property is sold AS-IS, and buyers are instructed to independently verify financials, zoning, licensing, occupancy, room count, and other due diligence items.
Located on the high-visibility US-27 / S 14th St corridor, the property is described as having strong frontage exposure and excellent accessibility. It is positioned near Downtown Leesburg and within the broader Leesburg area, including proximity to Lake Harris, UF Health Leesburg Hospital, retail corridors, restaurants, and major Central Florida travel routes.
Showings are by appointment only, and the owner or guests are not to be disturbed.
Located on the high-visibility US-27 / S 14th St corridor, the property is described as having strong frontage exposure and excellent accessibility. It is positioned near Downtown Leesburg and within the broader Leesburg area, including proximity to Lake Harris, UF Health Leesburg Hospital, retail corridors, restaurants, and major Central Florida travel routes.
Showings are by appointment only, and the owner or guests are not to be disturbed.
Key Highlights
- 13‑room independent motel (Candlelight Motel) with on‑site parking and an owner/manager apartment included
- Approximately 5,603 SF on ~0.60 acres, located on the US‑27 / S 14th St corridor
- Sale includes real estate, FF&E, motel name, goodwill, and operating assets
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,115
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,300
$862.3K
Cap Rate 7%
$615,929
$615.9K
Cap Rate 9%
$479,056
$479.1K
Market Conditions
NOI Build-Up for 5,603 SF
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.
Gross rent
$100.9K $18.00/SF
− Vacancy
−$10.1K −$1.80/SF
EGI
$90.8K $16.20/SF
− OpEx
−$47.7K −$8.51/SF
NOI
$43.1K $7.69/SF
Area
Lake County, FL
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$862,300
Cap Rate 7%
$615,929
Cap Rate 9%
$479,056
Alternative Uses
Best Use
Hotel Hospitality
$615.9K
$538.9K – $718.6K
NOI $43,115 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.59M
$1.40M – $1.86M
NOI $111,612 @ 7.0% cap · market cap 15.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
383
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 34748, FL
45,481
Population
25,740
Households
1.8
Avg Household Size
60
Median Age
24%
College-Educated
90%
High-School Grad
39.4 sq mi
ZIP Area
1,154
Density / Sq Mi
$53,768
Median Household Income
$30,762
Median Earnings
$1,181
Median Rent
$226,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Town Place Suites — 238 eagles watch street, leesburg, fl 34748
- Candlelight Motel — 1306 S 14th St, Leesburg, FL 34748
- Best Value Inn Hospitality — 1412 S 14th St, Leesburg, FL 34748
- Made In America — 712 S 14th St, Leesburg, FL 34748
- The Venetian Center — 1 Dozier Cir, Leesburg, FL 34748
Frequently Asked Questions
What type of property is this?
Motel - Independent 13-room motel with on-site parking and an owner/manager apartment, offered with FF&E and operating assets.
Where is this motel located?
The property is located at 1306 S 14th St Leesburg, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 13‑room independent motel (Candlelight Motel) with on‑site parking and an owner/manager apartment included; Approximately 5,603 SF on ~0.60 acres, located on the US‑27 / S 14th St corridor; Sale includes real estate, FF&E, motel name, goodwill, and operating assets
