Leesburg Freestanding Retail
For Sale
Contact for pricing
901 S 14th St, Leesburg, FL
Freestanding ±14,313 SF retail building on 1.63 acres.
Property Size14,313 SF
Lot Size1.64 Acres
Price / SF$303.71
Days on Market365
Property Features for 901 S 14th St
General Information
Standard status
Active
Size
14,313 SF
Lot size
1.64 Acres
Property subtype
RETAIL
Listing Agency:
Current Real Estate Advisors
Listed By:
Alejandro Snyder · License #BK3386095
(305) 783-8890
Source:
Moodyscre
Added: Sep 11, 2025
Changed: Aug 12
Last Checked: Sep 10 at 10:50AM
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 Current Real Estate Advisors
Investment Insights
Based on property information with market context.
The property is a freestanding retail building with approximately 14,313 square feet of space, situated on a 1.63-acre lot. It is located at the signalized corner of two main thoroughfares with a combined traffic volume exceeding 80,000 vehicles per day. These thoroughfares provide access to I-75 to the west, SR441 to the east, Orlando to the south, and Gainesville to the north. The property is located in Leesburg, Florida, which is part of the Orlando Metropolitan Statistical Area.
Key Highlights
- Freestanding ±14,313 SF Walgreens building.
- Located on 1.63 acres.
- Situated at a signalized corner with high traffic volume (80K+ VPD).
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
$223,060
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
5.13%
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%
$4,461,200
$4.5M
Cap Rate 7%
$3,186,571
$3.2M
Cap Rate 9%
$2,478,444
$2.5M
Market Conditions
NOI Build-Up for 14,313 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
$309.2K $21.60/SF
− Vacancy
−$11.7K −$0.82/SF
EGI
$297.4K $20.78/SF
− OpEx
−$74.4K −$5.19/SF
NOI
$223.1K $15.58/SF
Area
Lake County, FL
Vacancy
3.80%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$4,461,200
Cap Rate 7%
$3,186,571
Cap Rate 9%
$2,478,444
Alternative Uses
Best Use
Specialty Retail
$3.19M
$2.79M – $3.72M
NOI $223,060 @ 7.0% cap · market cap 5.13%
Second Best
Retail
$2.42M
$2.12M – $2.82M
NOI $169,343 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $285,115 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
70k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 63%
Dining 22%
Groceries 9%
Apparel 6%
Circle K
Shops & Services
26,125 visits/mo
0.1 miles
Hardee's
Dining
13,596 visits/mo
0.1 miles
7-Eleven
Shops & Services
12,434 visits/mo
0.1 miles
Save-A-Lot
Groceries
5,942 visits/mo
0.4 miles
Dollar General
Shops & Services
5,586 visits/mo
0.4 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- American HomePatient — 918-2 Venture Ave, Leesburg, FL 34748
- Walgreens Pharmacy — 901 S 14th St, Leesburg, FL 34748
- Lisa Ratliff — 901 S 14th St, Leesburg, FL 347486615
- George Piasare — 901 S 14th St, Leesburg, FL 347486615
- COVID-19 Drive-Thru Testing at Walgreens — 901 S 14th St, Leesburg, FL 34748
Frequently Asked Questions
What type of property is this?
Drug store - Freestanding ±14,313 SF retail building on 1.63 acres.
Where is this drug store located?
The property is located at 901 S 14th St Leesburg, FL.
What is the asking price?
The asking price for this property is $4,347,000.
What are key features of this property?
This property features: Freestanding ±14,313 SF Walgreens building.; Located on 1.63 acres.; Situated at a signalized corner with high traffic volume (80K+ VPD).
