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    2631 Hwy Fruitland Park, FL 34731
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    2631 Hwy, Fruitland Park, FL 34731

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    • Office Spaces
    • 26.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 2631 Hwy

    Lot size
    26.00 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional 26+/- acre Planned Unit Development (PUD) in Fruitland Park, Florida, presents a remarkable opportunity for commercial and multi-family development. Strategically located on US Highway 441, this property boasts high visibility with over 1,000 linear feet of frontage on US Hwy 441-27 and 845 linear feet on Register Road, experiencing an average daily traffic count exceeding 30,000 vehicles. City utilities are readily available, and the potential for a signalized entry enhances accessibility. The PUD zoning allows for diverse development options, including multi-family residential, assisted living facilities (ALF), independent living facilities (ILF), self-storage, and general commercial uses. Offsite water retention is available, simplifying the development process. This prime location in Central Florida offers easy access to major transportation arteries such as I-75, the Florida Turnpike, US Highway 27, and US Highway 441, placing it within an hour of Orlando. The property's proximity to The Villages and the Harris Chain of Lakes, known for world-class golfing and fishing, adds significant appeal. Conceptual plans are available for review. The asking price is $5,900,000. Property APN: 04-19-24-000100001600. This is a truly unique opportunity to capitalize on the thriving growth in this desirable area of Florida.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fruitland Park
    County
    Lake
    State
    Florida
    Longitude
    -81.9066
    Latitude
    28.8799

    Comparable in this City

    • Value Estimation by Request
      1,944 SF

      929 Us-441

      Medical Office Space
      929 Us-441, Lady Lake, FL 34731
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    • Value Estimation by Request
      2,400 SF

      Picciola Rd

      CAMPGROUND, RV PARK
      Picciola Rd, Fruitland Park, FL 34731
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    • Value Estimation by Request
      23,408 SF

      4990 Picciola Rd

      CAMPGROUND, RV PARK
      4990 Picciola Rd, Fruitland Park, FL 34731-6134
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    • Value Estimation by Request
      114,325 SF

      305 Co Rd

      Mixed-use properties
      305 Co Rd, Fruitland Park, FL 34731
      View Details
    • Value Estimation by Request
      1,027 SF

      401 Dixie Ave

      Retail properties & Spaces
      401 Dixie Ave, Fruitland Park, FL 34731
      View Details
    • Value Estimation by Request

      3343 Us-27

      Office Spaces
      3343 Us-27, Fruitland Park, FL 34731
      View Details

    Similar Nearby for Sale

    • $700,000
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      Mixed-Use Property in Fruitland Park

      Commercial properties with high visibility in a growing Central Florida corridor.
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      Fruitland Park Land Investment Opportunity

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    Similar Nearby for Lease

    • Contact for pricing
      18,300 SF

      Mixed-Use Development Land Available

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    • $30,000

      Prime Commercial Office Space Available

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    • Contact for pricing
      100,000 SF

      Fruitland Park Mixed-Use Development

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      24,000 SF

      Outpatient Healthcare Facility For Lease

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    • $48,000
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      Fruitland Park Industrial Ground Lease

      14-Acre Industrial Land Lease in Florida
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    Fruitland Park, FL 34731
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    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
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