Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 LIBBY NO 3 ROAD Clermont, FL 34715

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $685,000

    1.5 acres with frontage on US 27 in Groveland.

    Type:Land or Vacant Lot
    Lot size:
    1.57 Acres
    Added:
    Jun 17, 2025
    Days on Market:
    289
    Last Refresh:
    Mar 26 at 9:44 pm

    Property Features for 0 LIBBY NO 3 ROAD

    General Information

    Standard status
    Active
    Lot size
    1.57 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    MATT MERDIAN
    MATT MERDIAN

    Listing agent MATT MERDIAN License #3271956

    Listing office MERDIAN REALTY LLC

    Listing date Jun 17, 2025

    Source Corcoran

    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 MERDIAN REALTY LLC

    Overview

    Prime Commercial Land on US 27

    This 1.5-acre commercial property offers frontage on US 27 with rear access. Zoned C-2 by the City of Groveland, the site allows for a range of commercial possibilities. The City of Groveland oversees all zoning and regulations. A current survey is on file. The property is available for purchase or a lease option to buy for qualified clients.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.7515
    Latitude
    28.6271

    Nearby Similar for Sale

    • $797,000
      3,226 SF

      Clermont Duplex with Redevelopment Potential

      Duplex in downtown Clermont with potential for expansion.
      560/562 W JUNIATA STREET, CLERMONT, FL 34711
      View Details
    • $529,000
      2,080 SF

      Clermont Duplex: Investment Opportunity

      Well-maintained duplex in Clermont, offering rental income potential.
      1219-1217 EAST AVENUE, CLERMONT, FL 34711
      View Details
    • $550,000

      10 Acres Ready for Development

      10 acres in Clermont, ready for building or agriculture.
      GREEN SWAMP ROAD, CLERMONT, FL 34711
      View Details
    • $220,000

      Clermont Land: Dream Home Potential

      4.24-acre land in Clermont, Florida, ideal for building your dream home.
      0 STATE ROAD 33, CLERMONT, FL 34714
      View Details
    • $130,000

      Clermont Land For Sale

      1.25 acre lot in Clermont, Florida.
      OIL WELL ROAD, CLERMONT, FL 34714
      View Details
    • $549,550

      20 Acres of Clermont Land

      20 acres of land in Clermont, Florida, perfect for seclusion.
      DUBOISE DRIVE, CLERMONT, FL 34711
      View Details
    • $79,999

      Vacant Land in Desirable Neighborhood

      5.27-acre vacant lot in Clermont, FL, with wooded terrain.
      6350 OIL WELL ROAD, CLERMONT, FL 34714
      View Details
    • $1,500,000

      Prime Commercial Land Opportunity

      13± acre commercial property in high-growth Minneola, Florida.
      19048 CAUSEY ROAD, CLERMONT, FL 34715
      View Details
    • $289,500

      Residential Land Near Lake Minnehaha

      Residential land in a private community with utilities available.
      1828 MOORINGS COURT, CLERMONT, FL 34711
      View Details
    • $399,000

      Five Acres in Clermont, FL

      Five acres of land with cleared homesite in Clermont.
      15325 TROUSDALE STREET, CLERMONT, FL 34715
      View Details
    • $499,900

      Lake Access Land in Clermont

      1.79 acre lot with lake access and view.
      12471 HULL ROAD, CLERMONT, FL 34711
      View Details
    • $130,000

      RV Lot in Elite Resort

      Spacious RV lot with privacy in a desirable resort.
      2418 LIMEWOOD AVENUE, CLERMONT, FL 34714
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.5 acres with frontage on US 27 in Groveland.
    Where is this commercial land located?
    The property is located at 0 LIBBY NO 3 ROAD Clermont, FL.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: Prime commercial frontage on US 27.; 1.5 acres of land.; Zoned C‑2 by the City of Groveland.
    (407) 230-8093
    We can help!
    Listing Contact
    MATT MERDIAN
    MATT MERDIAN
    Real Estate License ID: 3271956
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!