Leesburg Industrial Building For
For Sale
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3301 W Main Street, Leesburg, FL 34748
90,500 SF industrial building on 7.55 acres in Leesburg, FL.
Property Size90,500 SF
Lot Size7.55 Acres
Price / SF$77.35
Days on Market1247
Property Features for 3301 W Main Street
General Information
Standard status
Active
Size
90,500 SF
Lot size
7.55 Acres
Property subtype
Industrial
Zoning
C-3
Building Details
Buildings
1
Stories
1
Units
1
Listing Agency:
CBRE - Orlando
(407) 404-5020
Listed By:
JEFF GRAY · License #FLBK3364999
Source:
Crexi
Added: Mar 31, 2023
Changed: Aug 16
Last Checked: Aug 28 at 9:24AM
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 CBRE - Orlando
Investment Insights
Based on property information with market context.
Located at 3301 W Main Street in Leesburg, FL, this standalone industrial building offers a total of 90,500 SF on a 7.55-acre lot. The property includes 87,000 SF of warehouse space and 3,500 SF of office space. The building is equipped for heavy manufacturing operations and features ceiling heights ranging from 18' to 34'. It includes 8 dock doors, 3 drive-in doors, and a wet sprinkler system. The property provides ample parking spaces and secured outside storage. Situated off Hwy 44, the property benefits from frontage with visibility to 20,500 vehicles per day. It provides immediate access to Highway 27, facilitating connections to major transportation routes and easy access to Orlando and The Villages. The property has heavy water supply.
Key Highlights
- 90,500 SF standalone industrial building on 7.55 acres
- Features 87,000 SF of warehouse space and 3,500 SF of office space
- Excellent visibility with frontage to 20,500 vehicles per day off Hwy 44
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$613,889
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,277,780
$12.3M
Cap Rate 7%
$8,769,843
$8.8M
Cap Rate 9%
$6,820,989
$6.8M
Market Conditions
NOI Build-Up for 90,500 SF
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.
Gross rent
$792.8K $8.76/SF
− Vacancy
−$70.6K −$0.78/SF
EGI
$722.2K $7.98/SF
− OpEx
−$108.3K −$1.20/SF
NOI
$613.9K $6.78/SF
Area
Lake County, FL
Vacancy
8.90%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$12,277,780
Cap Rate 7%
$8,769,843
Cap Rate 9%
$6,820,989
Alternative Uses
Best Use
Warehouse
$8.77M
$7.67M – $10.23M
NOI $613,889 @ 7.0% cap · market cap 8.77%
Second Best
Industrial
$7.22M
$6.32M – $8.43M
NOI $505,556 @ 7.0% cap · market cap 7.22%
Theoretical Best
Office A
$25.75M
$22.53M – $30.05M
NOI $1,802,760 @ 7.0% cap · market cap 25.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 90,500 SF industrial building on 7.55 acres in Leesburg, FL.
Where is this manufacturing property located?
The property is located at 3301 W Main Street Leesburg, FL.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: 90,500 SF standalone industrial building on 7.55 acres; Features 87,000 SF of warehouse space and 3,500 SF of office space; Excellent visibility with frontage to 20,500 vehicles per day off Hwy 44
