General Commercial Office
909 W MAGNOLIA STREET Leesburg, FL 34748
For Sale
$249,000
Pending
For-sale office suite with City of Leesburg utilities and General Commercial zoning in Historic Downtown Leesburg.
Property Size1,492 SF
Days on Market429
Property Features for 909 W MAGNOLIA STREET
General Information
- Standard status
- Pending
- Size
- 1,492 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1962
Listing Agency:
GRIZZARD COMMERCIAL REALESTATE
(352) 396-9136
Listed By:
Daniel Tatro · License #3190991
(352) 396-9136
Source:
Exitrealty
Added: May 21, 2025
Changed: Jul 22
Last Checked: Jul 23 at 5:35AM
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 GRIZZARD COMMERCIAL REALESTATE
Investment Insights
Based on property information with market context.
This for-sale office suite offers 1,492+/- square feet of office space in Historic Downtown Leesburg on W Magnolia Street. The property is described as having great visibility and easy access, with City utilities in place.
The suite is located about one block off Main St, with nearby access to Leesburg City Hall and Beacon College, and it is positioned a short drive from UF Health Leesburg hospital. Public remarks also reference proximity to the Venetian Gardens and Marina on Lake Harris.
The property is zoned General Commercial (City of Leesburg) and is presented as an easy-to-view lease opportunity, with access instructions available by text.
The suite is located about one block off Main St, with nearby access to Leesburg City Hall and Beacon College, and it is positioned a short drive from UF Health Leesburg hospital. Public remarks also reference proximity to the Venetian Gardens and Marina on Lake Harris.
The property is zoned General Commercial (City of Leesburg) and is presented as an easy-to-view lease opportunity, with access instructions available by text.
Key Highlights
- 1,492+/- SF office lease opportunity in Historic Downtown Leesburg on Magnolia St
- Zoned General Commercial (City of Leesburg)
- Built in 1962
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 | $35.8k | $24.00 |
| − Vacancy | −$6.1k | −$4.08 |
| EGI | $29.7k | $19.92 |
| − OpEx | −$7.4k | −$4.98 |
| NOI | $22.3k | $14.94 |
1,492 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$318.4K
$278.6K – $371.5K
NOI $22,290 @ 7.0% cap · market cap 8.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$424.6K
$371.5K – $495.4K
NOI $29,721 @ 7.0% cap · market cap 11.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - For-sale office suite with City of Leesburg utilities and General Commercial zoning in Historic Downtown Leesburg.
Where is this office units located?
The property is located at 909 W MAGNOLIA STREET Leesburg, FL.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,492+/- SF office lease opportunity in Historic Downtown Leesburg on Magnolia St; Zoned General Commercial (City of Leesburg); Built in 1962
