Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Property in Fruitland Park Title is generated by Realmo AI

    1629 MILLER BOULEVARD, Fruitland Park, FL 34731

    View on Map
    Claim this Listing
    For Sale
    $325,000

    Commercial property for sale in Fruitland Park, Florida.

    Property size:
    860 SF
    Price / SF:
    $377/SF
    Added:
    Oct 31, 2025
    Days on Market:
    216
    Last Refresh:
    Mar 16 at 6:43 am

    Property Features for 1629 MILLER BOULEVARD

    General Information

    Standard status
    Active
    Size
    860 SF

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    Ricky Harper
    Ricky Harper

    Listing agent Ricky Harper License #3374296

    Listing office ERA GRIZZARD REAL ESTATE

    Listing date Oct 31, 2025

    Source Evrealestate

    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 ERA GRIZZARD REAL ESTATE

    HighLights

    • Located near The Villages
    • Situated in Lake County
    • Built in 1976
    • Features a crawl space basement
    • Easy access from Leesburg via Hwy 27/441 N
    • Located on Miller Blvd (466A)

    Overview

    Located in Fruitland Park, Florida, this commercial property offers a total size of 860 square feet. The property is situated on Miller Boulevard, north of Leesburg. From Leesburg, take Highway 27/441 North and turn left onto Miller Boulevard (466A). Continue down Miller Boulevard towards The Villages, and the property will be located on the right, a block or so past Spring Lake Road.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Gym & Fitness Center Accounting Firm Kitchen & Bath Showroom Bar & Pub Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Fruitland Park
    County
    Lake
    State
    Florida
    Longitude
    -81.9259511
    Latitude
    28.8619423

    Nearby Similar for Sale

    • $599,990
      2,578 SF

      Restaurant Opportunity on Highway 441

      Fully equipped restaurant with high visibility and owner financing.
      3170 US HIGHWAY 441/27, FRUITLAND PARK, FL 34731
      View Details
    • $700,000
      12,588 SF

      Mixed-Use Property in Fruitland Park

      Commercial properties with high visibility in a growing Central Florida corridor.
      300 N DIXIE AVENUE, FRUITLAND PARK, FL 34731
      View Details
    • $629,990

      Highway Restaurant Opportunity For Sale

      Commercial restaurant on Highway 441 with high visibility.
      3170 US HIGHWAY 441/27, Fruitland Park, FL 34731
      View Details
    • $1,650,000
      2,440 SF

      Equestrian Estate in Fruitland Park

      Custom-built equestrian estate on 21.3 acres with pool.
      36203 Micro Racetrack Road, Fruitland Park, FL 34731
      View Details
    • $1,935,000
      6,722 SF

      Retail Property Near The Villages

      Retail property located near national retailers and The Villages.
      3295 US-441, Fruitland Park, FL
      View Details

    FAQs

    What type of property is this?
    Specialty property - Commercial property for sale in Fruitland Park, Florida.
    Where is this specialty property located?
    The property is located at 1629 MILLER BOULEVARD Fruitland Park, FL.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Located near The Villages; Situated in Lake County; Built in 1976
    (352) 787-6966
    We can help!
    Listing Contact
    Ricky Harper
    Ricky Harper
    Real Estate License ID: 3374296
    Learn More
    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
    1629 MILLER BOULEVARD, FRUITLAND PARK, FL 34731
    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!