Clermont Commercial Development
651 W DESOTO STREET Clermont, FL 34711
651 W DESOTO STREET, Clermont, FL, 34711
$1,200,000
For Sale
$1,200,000
Commercial zoned property in a rapidly developing Clermont area.
Property Size3,603 SF
Price / SF$333.06
Days on Market101
Property Features for 651 W DESOTO STREET
General Information
- Standard status
- Active
- Size
- 3,603 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency
PRISTINE INTERNATIONAL REALTY LLC
(407) 286-3846
Listed by
SILVIA FUMAGALLI, PA
Source
Corcoran
Added: Apr 8 Checked: Jul 17 at 3:23 am
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 PRISTINE INTERNATIONAL REALTY LLC
Investment Insights
Based on property information with market context.
Located in downtown Clermont, this commercially zoned property presents a development opportunity in the heart of the city center. The property features an unfinished warehouse or self-storage facility consisting of three buildings, totaling 31 units. Building 1 measures approximately 121 feet by 11 feet and contains 18 units, each approximately 7 feet by 10 feet. Building 2 is approximately 11 feet by 71 feet and includes 7 units, each approximately 9 feet by 9 feet. Building 3 is approximately 21 feet by 71 feet and contains 6 units, each approximately 10 feet by 15 feet. The property is situated in a high-demand area less than one mile from Lake Minneola and is surrounded by growing residential and commercial activity. Construction is already underway, offering the flexibility to complete all three buildings. The property size is 3603 square feet.
Key Highlights
- Prime Downtown Clermont location in a rapidly developing area
- Commercially zoned property offering exceptional potential
- Unfinished warehouse/self‑storage with three buildings totaling 31 units
Local Financial Insights For Self Storage
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 | $51.9k | $14.40 |
| − Vacancy | −$3.6k | −$1.01 |
| EGI | $48.3k | $13.39 |
| − OpEx | −$14.5k | −$4.02 |
| NOI | $33.8k | $9.37 |
3,603 SF · lease $14.40/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$482.5K
$422.2K – $562.9K
NOI $33,776 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$287.5K
$251.6K – $335.5K
NOI $20,127 @ 7.0% cap · market cap 1.68%
Theoretical Best
Office A
$1.03M
$897.2K – $1.20M
NOI $71,772 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Commercial zoned property in a rapidly developing Clermont area.
Where is this self storage facility located?
The property is located at 651 W DESOTO STREET Clermont, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime Downtown Clermont location in a rapidly developing area; Commercially zoned property offering exceptional potential; Unfinished warehouse/self‑storage with three buildings totaling 31 units
