Mixed-Use Property with Climate-Controlled
711 N 3RD ST, Leesburg, FL 34748
For Sale
$1,600,000
Commercial Sale, LEESBURG, FL
Property Size15,300 SF
Lot Size0.87 Acres
Price / SF$104.58
Days on Market480
Property Features for 711 N 3RD ST
General Information
Property type
Property subtype
Zoning
Subdivision
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Cooling system
Amenities
elevator access
automated management system
secure access
Building Details
Year built
Floors in Building
Building materials
Roof type
Listing Agency:
OLYMPUS EXECUTIVE REALTY INC
(407) 469-0090
Listed By:
Raghu Bodhanapu · License FL #3326683
(407) 334-7545
Added: Jul 21, 2025
Changed: Oct 28
Last Checked: Nov 12 at 8:06AM
MLS# O6329154
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 15,300-square-foot mixed-use commercial property combines three medical office suites with climate-controlled self-storage across two levels. The front suites comprise 3,200 square feet and are leased under three-year agreements. Storage units range from 20 square feet to 770 square feet, with elevator access serving the upper floor.
Built in 2005 on 0.87 acres, the property carries C-3 zoning and features metal siding, central air, and both shingle and metal roofing. A fully automated management platform supports online bookings, digital payments, remote operation, and controlled entry. The site is located near SR-441 in Leesburg, within an area described as having medical and financial offices.
Built in 2005 on 0.87 acres, the property carries C-3 zoning and features metal siding, central air, and both shingle and metal roofing. A fully automated management platform supports online bookings, digital payments, remote operation, and controlled entry. The site is located near SR-441 in Leesburg, within an area described as having medical and financial offices.
Key Highlights
- 15,300 square feet on 0.87 acres
- Three medical office suites totaling 3,200 square feet
- Medical suites leased under three‑year agreements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,380
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,107,600
$2.1M
Cap Rate 7%
$1,505,429
$1.5M
Cap Rate 9%
$1,170,889
$1.2M
Market Conditions
NOI Build-Up for 15,300 SF
Gross rent
$134.0K $8.76/SF
− Vacancy
−$10.1K −$0.66/SF
EGI
$124.0K $8.10/SF
− OpEx
−$18.6K −$1.22/SF
NOI
$105.4K $6.89/SF
Area
Lake County, FL
Vacancy
7.50%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,107,600
Cap Rate 7%
$1,505,429
Cap Rate 9%
$1,170,889
Alternative Uses
Best Use
Healthcare Medical
$3.00M
$2.63M – $3.50M
NOI $210,053 @ 7.0% cap · market cap 13.13%
Second Best
Office B
$2.94M
$2.58M – $3.44M
NOI $206,129 @ 7.0% cap · market cap 12.88%
Theoretical Best
Office A
$4.93M
$4.32M – $5.76M
NOI $345,352 @ 7.0% cap · market cap 21.58%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,333
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Combination of leased medical suites and remotely managed storage units near SR-441.
Where is this mixed-use property located?
The property is located at 711 N 3RD ST Leesburg, FL.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 15,300 square feet on 0.87 acres; Three medical office suites totaling 3,200 square feet; Medical suites leased under three‑year agreements
