Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Professional Office Space For Rent Title is generated by Realmo AI

    1599 TROPICAL COURT, Tavares, FL 32778

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $7,200/Mo $14 SF/Yr (calc)

    Professional office space suitable for solo practitioners or small teams.

    Type:Rental
    Property size:
    6,050 SF
    Lot size:
    0.81 Acres
    Added:
    Aug 5, 2024
    Days on Market:
    656
    Last Refresh:
    May 19 at 11:32 pm

    Property Features for 1599 TROPICAL COURT

    General Information

    Standard status
    Active
    Size
    6,050 SF
    Lot size
    0.81 Acres
    Property subtype
    Rental

    Building Details

    Year Built
    1992

    We can help!

    Listing Contact
    Nancy Simpson Eccles

    Listing agent Nancy Simpson Eccles License #3365885

    Listing office COLDWELL BANKER VANGUARD EDGE

    Listing date Aug 5, 2024

    Source Exitrealty

    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 COLDWELL BANKER VANGUARD EDGE

    HighLights

    • Gross lease simplifies overhead cost management with base rent + liability insurance.
    • Rent includes parking, utilities, and use of common areas.
    • Suitable for solo practitioners or small teams.
    • Four suites available.
    • Option to combine two suites for a larger space.
    • Rent is $600.00 per month per suite.

    Overview

    Professional office space is available for rent, suitable for solo practitioners or small teams seeking a productive work environment. The space is available under a gross lease, where the tenant is responsible for base rent plus liability insurance. There are 4 suites available, with 2 suites sharing a common wall, making it possible to connect them for a larger space. Each suite rents for $600.00 per month. Rent includes parking, utilities, and use of common areas. The property size is 6050 square feet and is located at 1599 TROPICAL COURT, TAVARES, FL 32778.
    Property Profile Location Intelligence

    Current Use by Public Records

    SOS Therapy Group Physician Golden Palms Villas ... Swimming Pool SOS Therapy Rehabilitation Center Golden Palms Villas ... Sports Field & Court Michaela Puglisi Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.7100939
    Latitude
    28.8163196

    Nearby Similar for Lease

    • $51,562 SF/Yr
      3,125 SF

      Tavares Retail Space Available

      Retail space available for lease in Tavares, Florida.
      3678 COUNTY ROAD 561, TAVARES, FL 32778
      View Details
    • $10,800/Mo
      500 SF

      Functional Office Unit in Tavares

      Compact commercial unit with reception, offices, and restroom.
      203 W ALFRED St, Tavares, FL 32778
      View Details
    • $68,184 SF/Yr
      1,810 SF

      Office Space Near Mount Dora

      Office space available between Mount Dora and Tavares, Florida.
      15925 OLD US HIGHWAY 441, TAVARES, FL 32778
      View Details
    • Contact for pricing
      24,373 SF

      Retail Space Available For Rent

      Single tenant retail space available, approximately 24,373 square feet.
      450 E Burleigh Blvd, Tavares, FL 32778
      View Details
    • Contact for pricing
      20,377 SF

      Retail Space on Hwy-441

      Retail space on a primary commercial corridor with high visibility.
      365 E Burleigh Blvd, Tavares, FL
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space For Lease

      Retail space available in growing residential market.
      4101-4215 County Rd 561, Tavares, FL
      View Details
    • Contact for pricing
      32,670 SF

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,500 to 32,670 SqFt.
      4117 County Rd 561, Tavares, FL 32778
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space suitable for solo practitioners or small teams.
    Where is this office units located?
    The property is located at 1599 TROPICAL COURT Tavares, FL.
    What is the lease rate?
    The lease rate is $7,200 /Mo.
    What are key features of this property?
    This property features: Gross lease simplifies overhead cost management with base rent + liability insurance.; Rent includes parking, utilities, and use of common areas.; Suitable for solo practitioners or small teams.
    (352) 735-7777
    We can help!
    Listing Contact
    Nancy Simpson Eccles
    Real Estate License ID: 3365885
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1599 TROPICAL COURT, TAVARES, FL 32778
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!