Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Montclair Rd Leesburg, FL 34748
    Back to Search
    Property profile & analytics

    Montclair Rd Leesburg, FL 34748

    View on Map
    • Apartment buildings
    For Sale
    $761,800
    View Listing →
    Leesburg Multifamily Development Opportunity For Sale
    $761,800

    Leesburg Multifamily Development Opportunity

    96-Unit Potential, 6+ Acres in Leesburg, FL

    0 Montclair Rd, Leesburg, FL 34748
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 0 Montclair Rd

    Property type
    Apartment buildings

    Description

    This exceptional multifamily development opportunity in Leesburg, Florida, presents a compelling investment prospect. Situated on just under six acres, with an additional three acres available, this property is ideally positioned for a thriving 55+ community. The site has already received entitlements for a 96-unit multifamily development, boasting an approved density of 15.6 units per acre within the City of Leesburg. This pre-approved plan significantly streamlines the development process, reducing time and potential hurdles. The asking price for this prime parcel is $761,800. Prospective buyers are advised to independently verify Planned Unit Development (PUD) details with Lake County. The property's location on Montclair Road, Leesburg, FL 34748 (28.817434, -81.9012477), offers convenient access to local amenities and infrastructure. This is a rare chance to acquire a ready-to-develop site with significant upside potential in a growing Florida market. The existing approvals and substantial acreage make this an attractive investment for experienced developers seeking a high-return multifamily project. The property is classified as an apartment building and is being offered as a multifamily investment. Don't miss this opportunity to capitalize on the strong demand for senior living communities in this desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.9012
    Latitude
    28.8174

    Comparable in this City

    • Value Estimation by Request
      10,549 SF

      804 Douglas St

      Multifamily properties • 10,549 SF
      804 Douglas St, Leesburg, FL 34748
      View Details
    • Value Estimation by Request

      706 Dixie Ave

      Multifamily properties
      706 Dixie Ave, Leesburg, FL 34748
      View Details
    • Value Estimation by Request
      1,000 SF

      28313 Us Highway 27

      Residential income properties • 1,000 SF
      28313 Us Highway 27, Leesburg, FL 34748
      View Details
    • Value Estimation by Request
      6.81 Acres

      28313 Us-27

      Multifamily properties • 6.81 Acres
      28313 Us-27, Leesburg, FL 34748
      View Details
    • Value Estimation by Request
      3,465 SF

      201 Withheld Address

      Multifamily properties • 3,465 SF
      201 Withheld Address, Leesburg, FL 34748
      View Details
    • Value Estimation by Request
      5,317 SF

      109 Dixie Ave

      Restaurants • 5,317 SF
      109 Dixie Ave, Leesburg, FL 34748
      View Details

    Similar Nearby for Sale

    • $550,000
      5.86 Acres

      Leesburg Development Site with PUD

      Nearly 6 acres in Leesburg growth corridor with multi-use potential.
      Tbd Gourley Ave, Leesburg, FL 34748
      View Details
    • Contact for pricing
      816 SF

      Leesburg Condos Package for Sale

      Package of 19 condos with HOA control in Leesburg, FL.
      706 W Dixie Ave, Leesburg, FL 34748
      View Details
    • $761,800

      Leesburg Multifamily Development Opportunity

      96-Unit Potential, 6+ Acres in Leesburg, FL
      0 Montclair Rd, Leesburg, FL 34748
      View Details
    • Contact for pricing

      Parkside Condos Investment Opportunity

      19-unit condo package in Leesburg, Florida, with HOA control.
      706 W Dixie Ave, Leesburg, FL 34748
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Leesburg Commercial Property for Rent

      Commercial property available for rent in Leesburg, Florida.
      715 N 14Th St, Leesburg, FL 34748
      View Details
    • Contact for pricing
      20,572 SF

      Leesburg Retail Space Available Immediately

      20,572 SF retail space with high visibility in Leesburg.
      27405 Us Highway 27, Leesburg, FL 34748
      View Details
    • Contact for pricing
      2,086 SF

      Retail Space in Leesburg Center

      Retail space available in shopping center anchored by national tenants.
      2243-2263 Citrus Blvd, Leesburg, FL 34748
      View Details
    • Contact for pricing
      2,420 SF

      Retail Space in Leesburg Center

      Retail space available in shopping center anchored by Aldi.
      2219-2241 Citrus Blvd, Leesburg, FL 34748
      View Details
    View Listing
    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.
    Montclair Rd
    Leesburg, FL 34748
    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
    Montclair Rd, 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!