Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Commercial Outlot For Rent Title is generated by Realmo AI

    1715 Citrus Blvd, Leesburg, FL 34748

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    1 AC outlot at the entrance of Rural King.

    Type:Land
    Lot size:
    1.00 Acre
    Added:
    Nov 20, 2019
    Days on Market:
    2382
    Last Refresh:
    May 20 at 8:27 pm

    Property Features for 1715 Citrus Blvd

    General Information

    Standard status
    Active
    Lot size
    1.00 Acre
    Property subtype
    Land

    Spaces For Lease

    at 1715 Citrus Blvd Contact us

    We can help!

    Listing Contact
    Maggie Jones
    Maggie Jones

    Listing agent Maggie Jones License #SAL.2023006147

    Listing office Goodman Real Estate Services Group LLC

    Listing date Nov 20, 2019

    Source Crexi

    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 Goodman Real Estate Services Group LLC

    HighLights

    • High traffic location with over 43,000 vehicles passing daily.
    • Located at the entrance of a Rural King store.
    • Proximity to The Villages, a large active adult community with over 125,000 residents.
    • Surrounded by established retailers including Walmart, Publix, Aldi and Bealls.
    • Available 1 AC outlot.
    • High‑value site.

    Overview

    This high-value commercial site benefits from significant traffic, with over 43,000 vehicles passing daily. The property is an available 1 AC outlot situated at the entrance of a Rural King store. It is located near other retailers, including Walmart, Bealls, Publix, and Aldi. The Villages, Florida’s active adult community with over 125,000 residents, is less than 10 miles away. The site currently contains a detention pond that will need to be re-engineered for the site to be buildable.
    Property Profile Location Intelligence

    Current Use by Public Records

    Rural King Guns Gun Shop Rural King Tractors Agricultural Supply Rural King Big Box & Wholesale Store TNT Fireworks Discount Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.8911128
    Latitude
    28.8344546

    Nearby Similar for Lease

    • $3,000/Mo
      9,800 SF

      Leesburg Office Space Available

      Two office units available, suitable for various businesses.
      401 E NORTH BOULEVARD, LEESBURG, FL 34748
      View Details
    • $26 SF/Yr
      8,642 SF

      Medical Office Near UF Health

      Medical office space for lease near UF Health Leesburg Hospital.
      640 S LAKE STREET, LEESBURG, FL 34748
      View Details
    • $1,850/Mo
      5,400 SF

      Leesburg Mixed-Use Highway Frontage

      Updated mixed-use building with high visibility on US Highway 441.
      1539 US HIGHWAY 441, LEESBURG, FL 34748
      View Details
    • $60,000 SF/Yr
      5,000 SF

      Leesburg Warehouse with Office Space

      5,000 SF warehouse with office space for lease.
      118 WEBER Ave, Leesburg, FL 34748
      View Details
    • $122,040 SF/Yr
      10,170 SF

      Modern Warehouses with Fenced Land

      Two modern, air-conditioned warehouses totaling 10,170 SF on 0.92 acres.
      1818 GREENLEAF Ln, Leesburg, FL 34748
      View Details
    • $19,040/Mo
      10,500 SF

      Leesburg Office/Warehouse Flex Space

      Office and warehouse space for lease in Greenleaf Business Center.
      1805 GREENLEAF Ln, Leesburg, FL 34748
      View Details
    • $93,800 SF/Yr
      13,400 SF

      Leesburg Industrial/Warehouse Space Available

      Industrial/Warehouse space for lease in Leesburg, Florida.
      2317 GRIFFIN Rd, Leesburg, FL 34748
      View Details
    • $63,000 SF/Yr
      4,500 SF

      Leesburg Warehouse/Retail Space For Rent

      4,500 SF warehouse/retail space in Leesburg, great location.
      3411 W MAIN St 3 & 4, Leesburg, FL 34748
      View Details
    • $80,400 SF/Yr
      8,040 SF

      Leesburg Warehouse with Air Conditioning

      8,040 SF fully air-conditioned warehouse with office space for lease.
      2-125 Montclair Rd, Leesburg, FL
      View Details
    • $2.00 SF/Yr
      4,520 SF

      Leesburg Commercial Space For Lease

      4,520 sq ft space suitable for various uses.
      1314 SUMTER St, Leesburg, FL 34748
      View Details
    • $21,806 SF/Yr
      1,200 SF

      Downtown Leesburg Corner Unit

      Prime retail/office space in thriving downtown Leesburg.
      200 W MAIN St, Leesburg, FL 34748
      View Details
    • $80,400 SF/Yr
      8,040 SF

      Leesburg Warehouse with Air Conditioning

      8,040 sq ft fully air conditioned warehouse for lease.
      125 MONTCLAIR Rd 2, Leesburg, FL 34748
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1 AC outlot at the entrance of Rural King.
    Where is this commercial land located?
    The property is located at 1715 Citrus Blvd Leesburg, FL.
    What are key features of this property?
    This property features: High traffic location with over 43,000 vehicles passing daily.; Located at the entrance of a Rural King store.; Proximity to The Villages, a large active adult community with over 125,000 residents.
    (216) 381-8200 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Maggie Jones
    Maggie Jones
    Real Estate License ID: SAL.2023006147
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1715 Citrus Blvd, Leesburg, FL 34748
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!