Office Building on Highway
205 E BURLEIGH BOULEVARD, Tavares, FL 32778
For Sale
$995,000
Office building with high visibility and ample parking.
Property Size3,721 SF
Lot Size0.43 Acres
Price / SF$267.40
Days on Market343
Property Features for 205 E BURLEIGH BOULEVARD
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Pool
Public Pool
Sidewalk
Accessible Hallway(s)
Carpet Flooring
Central Air Cooling
Central Business District
Central Heating
Ceramic Tile Flooring
Heat Pump Heating
Near Public Transit
Parking Spaces - 13 to 18
Paved
Shingle Roof
Street Lights
Building Details
Year Built
Listing Agency:
WATSON REALTY CORP
(352) 536-6530
Listed By:
LISA WEST · License FL #3088016
(352) 267-9912
Source:
Corcoran
Added: Dec 2, 2025
Changed: Aug 24
Last Checked: Aug 25 at 4:16AM
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 WATSON REALTY CORP
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Investment Insights
Based on property information with market context.
This 3,721 sq ft office building is located on Hwy 441 in Tavares, offering a central Florida location with high traffic. Currently used as a law firm, the property features twelve offices, a copy room, a break room, and three half bathrooms. The interior layout is designed to accommodate various business needs, including medical or general commercial use. The property includes 14 parking spaces, with two designated for handicap access, and two lighted signs for high visibility. The building has easy access from 441 and features a covered entry with stone pavers and aluminum soffits, along with three entry doors. A Phase I Environmental Site Assessment, Limited Asbestos Survey, and Mold Report are on file. The roof was replaced ten years ago, and two American Standard Silver Series A/C units were replaced six years ago. The property is located minutes from Advent Health Waterman Hospital and a short drive to Lake County Government buildings and the Lake County Courthouse, approximately 45 minutes from Orlando and The Villages.
Key Highlights
- High‑traffic location on Hwy 441 with excellent visibility and signage
- Ample parking with 14 spaces, including two handicap spaces
- Large office space with over 3,700 sq ft and twelve offices**
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,131
Cap Rate
5.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,620
$1.0M
Cap Rate 7%
$716,157
$716.2K
Cap Rate 9%
$557,011
$557.0K
Market Conditions
NOI Build-Up for 3,721 SF
Gross rent
$81.7K $21.96/SF
− Vacancy
−$14.9K −$4.00/SF
EGI
$66.8K $17.96/SF
− OpEx
−$16.7K −$4.49/SF
NOI
$50.1K $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%
$1,002,620
Cap Rate 7%
$716,157
Cap Rate 9%
$557,011
Alternative Uses
Best Use
Office B
$716.2K
$626.6K – $835.5K
NOI $50,131 @ 7.0% cap · market cap 5.04%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,990 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 32778, FL
23,993
Population
12,720
Households
1.9
Avg Household Size
52
Median Age
25%
College-Educated
88%
High-School Grad
25.4 sq mi
ZIP Area
945
Density / Sq Mi
$61,815
Median Household Income
$40,942
Median Earnings
$1,384
Median Rent
$241,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Office building with high visibility and ample parking.
Where is this office building located?
The property is located at 205 E BURLEIGH BOULEVARD Tavares, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: High‑traffic location on Hwy 441 with **excellent visibility and signage**; Ample parking with 14 spaces, including two handicap spaces; Large office space with over 3,700 sq ft and twelve offices**
