Office Building on Highway
205 E BURLEIGH Blvd Tavares, FL 32778
For Sale
$995,000
Office building in Tavares with high visibility and ample parking.
Property Size3,700 SF
Price / SF$268.92
Days on Market96
Property Features for 205 E BURLEIGH Blvd
General Information
Standard status
Active
Size
3,700 SF
Property subtype
Commercial
Building Details
Year Built
1984
Listing Agency:
WATSON REALTY CORP
(352) 267-9912
Listed By:
Lisa West · License #3088016
(352) 267-9912
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 27 at 5:56AM
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
Investment Insights
Based on property information with market context.
Located on Highway 441 in Tavares, this over 3,700 square foot office building offers a prime Central Florida location. The property is situated in one of Florida's fastest-growing counties, minutes from Advent Health Waterman Hospital and a short drive to Lake County Government buildings and the Lake County Courthouse. Currently used as a law firm, the interior layout features twelve offices, a copy room, a break room, and three half bathrooms. The building has high visibility with desirable signage clearly seen from the road, easy access from 441, and fourteen parking spaces, including two designated for handicap. Additional features include a covered entry with stone pavers and aluminum soffits and three entry doors. 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 just 45 minutes from Orlando or The Villages. It is suitable for a medical building, general commercial site, or larger office space. A Phase I Environmental Site Assessment, Limited Asbestos Survey, and Mold Report are on file.
Key Highlights
- High‑traffic location on Hwy 441 with excellent visibility and signage.
- Fourteen parking spaces, including two handicap spaces, and easy access from Hwy 441.
- Large office space with twelve offices, copy room, break room, and three half bathrooms totaling over 3,700 sq ft.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $88.8k | $24.00 |
| − Vacancy | −$15.1k | −$4.08 |
| EGI | $73.7k | $19.92 |
| − OpEx | −$18.4k | −$4.98 |
| NOI | $55.3k | $14.94 |
3,700 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$789.7K
$691.0K – $921.3K
NOI $55,278 @ 7.0% cap · market cap 5.56%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.05M
$921.3K – $1.23M
NOI $73,704 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Office building in Tavares with high visibility and ample parking.
Where is this office building located?
The property is located at 205 E BURLEIGH Blvd 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.**; Fourteen parking spaces, including two handicap spaces, and easy access from Hwy 441.; **Large office space with twelve offices,** copy room, break room, and three half bathrooms totaling over 3,700 sq ft.
