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    Olympus Vlg Four Corners, FL 34714

    Sponsored
    For Sale
    Contact for pricing

    9-acre Clermont, FL multifamily opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 9-acre commercial land parcel in Clermont, Florida, presents a prime multifamily development opportunity. Located in the Olympus Village, within the Wellness Way development corridor, this property boasts pre-approved entitlements for 283 multifamily units and up to 20,000 square feet of commercial space. The Planned Unit Development (PUD) and entitlements are already in place, eliminating the need for further approvals from the City of Clermont, allowing for a fast-tracked construction timeline. This site benefits from the strong demand for rental housing in Lake County, fueled by growth in neighboring areas like Horizon West and Hamlin. The current shortage of apartment communities and rising rents create a highly favorable market. The property's proximity to the new 515 Expressway (less than 3 miles) provides excellent connectivity to major roadways like Highway 27 and SR 429. This is one of the few Clermont sites with existing multifamily approvals, situated amidst significant single-family home development. The inclusion of up to 20,000 square feet of commercial entitlements offers the potential for a mixed-use development, further enhancing its value and appeal. This is a truly unique opportunity to capitalize on the thriving Clermont market. The property is zoned C.

    Property Features for 0 Olympus Vlg

    General Information

    Property type
    Multifamily properties
    Lot Size
    392,040 SF

    HighLights

    • 283 entitled multifamily units.
    • Up to 20,000 square feet of commercial space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Four Corners
    County
    Polk
    State
    Florida
    Longitude
    -81.719100502819
    Latitude
    28.467115038034

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    FAQs

    What type of property is this?
    Multifamily property - 9-acre Clermont, FL multifamily opportunity.
    Where is this multifamily property located?
    The property is located at Olympus Vlg Four Corners, FL.
    What are key features of this property?
    This property features: 283 entitled multifamily units.; Up to 20,000 square feet of commercial space.;
    Request Owner's contact information
    Olympus Vlg Four Corners, FL 34714
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    Four Corners, FL 34714
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    Realmo Value Estimation

    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.

    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.

    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
    Olympus Vlg Four Corners, FL 34714
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