Multi-Tenant Office
1314 SUMTER STREET, Leesburg, FL 34748
For Sale
$1,100,000
C-3-zoned property supports separate occupancy or an owner-user configuration with individually metered areas.
Property Size7,480 SF
Price / SF$147.06
Days on Market97
Property Features for 1314 SUMTER STREET
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Amenities
0.85 acres, Dimensions: 102x333
Metal
Additional parcels description:, Parcel Number: 26-19-24-0003-000-01400, Public Survey Range: 24E, Public Survey Section: 26, Annual Amount: $10,576, Tax Block: D, Legal Description: BEG 303.24 FT E & 152.92 FT S OF NW COR OF SW 1/4 & RUN E 54.01 FT N 20.69 FT E TO A PT 107.3 FT W OF SE COR OF LOT 8 BLK D SCHOOLVIEW SUB S 343 FT TO N R/W OF SUMTER ST W TO A POINT S 00DEG 11MIN 30SEC W OF POB N 00DEG 11MIN 30SEC E TO POB ORB 5795 PG 385, Lot: 8, Year: 2025, Zoning: C-3
Carpet, Ceramic Tile
Central Air
Central
Listing ID: MFRG5116086, Standard Status: Active, MLS Status: Active, Property Subtype: Office, On market as of 2026-08-05, 26 days on market, Special Conditions: None
Built in 2001, Living area: 7480, Living area units: Square Feet, 1 storey, Construction Materials: Block, Metal Siding, Stucco
Subdivision: SCHOOLVIEW SUB, MLS Area (Major): 34748 - Leesburg, County/Parish: Lake
Slab
Close Of Escrow
Frontage Type: City Street, Road Surface: Asphalt, Paved
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
(352) 787-6966
Listed By:
Daniel Tatro · License #3190991
(352) 396-9136
Source:
Miharaandassociates
Added: Aug 5
Changed: Nov 8
Last Checked: Nov 8 at 6:18AM
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
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Investment Insights
Based on property information with market context.
Built in 2001, this 7,480 +/- Sq. Ft. office building is configured for multiple occupants with separate meters. A Home Health tenant currently leases 2,960 +/- Sq. Ft., while the remaining 4,520 Sq. Ft. was recently vacated and can accommodate additional occupancy or an owner-user arrangement. The property is well maintained and in good condition.
Located within the City of Leesburg, the building sits one block from U.S. Hwy. 27 and a signal light. It is minutes from I-75, the Florida Turnpike, U.S. Hwy. 441, U.S. Hwy. 27, and U.S. Hwy. 301, with proximity to The Villages and its major growth area. Ocala and Orlando are each approximately an hour away.
Located within the City of Leesburg, the building sits one block from U.S. Hwy. 27 and a signal light. It is minutes from I-75, the Florida Turnpike, U.S. Hwy. 441, U.S. Hwy. 27, and U.S. Hwy. 301, with proximity to The Villages and its major growth area. Ocala and Orlando are each approximately an hour away.
Key Highlights
- 7,480 +/- Sq. Ft. office building built in 2001
- 2,960 +/- Sq. Ft. occupied by a Home Health tenant
- 4,520 Sq. Ft. recently vacated for additional occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,774
Cap Rate
9.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,015,480
$2.0M
Cap Rate 7%
$1,439,629
$1.4M
Cap Rate 9%
$1,119,711
$1.1M
Market Conditions
NOI Build-Up for 7,480 SF
Gross rent
$164.3K $21.96/SF
− Vacancy
−$29.9K −$4.00/SF
EGI
$134.4K $17.96/SF
− OpEx
−$33.6K −$4.49/SF
NOI
$100.8K $13.47/SF
Area
Lake County, FL
Vacancy
18.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,015,480
Cap Rate 7%
$1,439,629
Cap Rate 9%
$1,119,711
Alternative Uses
Best Use
Office B
$1.44M
$1.26M – $1.68M
NOI $100,774 @ 7.0% cap · market cap 9.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,839 @ 7.0% cap · market cap 15.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
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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
$226,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Lake County, FL
Properties on Market for Office buildings in Lake County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - C-3-zoned property supports separate occupancy or an owner-user configuration with individually metered areas.
Where is this office building located?
The property is located at 1314 SUMTER STREET Leesburg, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7,480 +/- Sq. Ft. office building built in 2001; 2,960 +/- Sq. Ft. occupied by a Home Health tenant; 4,520 Sq. Ft. recently vacated for additional occupancy
