Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    28415 Us-27 Leesburg, FL 34748
    Back to Search
    Property profile & analytics

    28415 Us-27, Leesburg, FL 34748

    View on Map
    • Retail properties & Spaces
    • 4,888 SF
    • 3.98 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 28415 Us-27

    Year built
    2024
    Lot size
    3.98 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a 4,888 square foot 7-Eleven convenience store and gas station located on a 3.98-acre lot in Leesburg, Florida. The property boasts a new 15-year absolute NNN lease commencing September 15, 2024, and expiring September 30, 2039, with a 10% rent increase every five years. The tenant, 7-Eleven, Inc., is a credit-rated, investment-grade corporate tenant with a strong track record. The property benefits from its strategic location at the signalized intersection of US Highway 27 (35,500 AADT) and County Road 33 (7,651 AADT), offering excellent visibility and accessibility. Its proximity to a Publix Super Market further enhances its appeal and potential for crossover shopping. The site is situated in a thriving residential area with strong demographics, including a population of 375,426 within a 15-mile radius and an average annual household income of $92,935. Projected population and income growth within the surrounding area indicate a promising future for this investment. The property's Net Operating Income (NOI) is $678,479, resulting in a 5.50% cap rate. The asking price is $12,336,000. This is an ideal investment for passive investors seeking a stable, long-term, low-management opportunity in a high-growth market. The property was built in 2024. This is a 1031 exchange eligible property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.8805
    Latitude
    28.7611

    Comparable in this City

    • Value Estimation by Request
      828 SF

      2215 Citrus Blvd

      SERVICE STATION (FULL SERVICE)
      2215 Citrus Blvd, Leesburg, FL 34748
      View Details
    • Value Estimation by Request
      928 SF

      1120 Main St

      SERVICE STATION (FULL SERVICE)
      1120 Main St, Leesburg, FL 34748-4927
      View Details
    • Value Estimation by Request
      1,540 SF

      2033 Citrus Blvd

      SERVICE STATION (FULL SERVICE)
      2033 Citrus Blvd, Leesburg, FL 34748-3004
      View Details
    • Value Estimation by Request
      731 SF

      1101 14th St

      SERVICE STATION (FULL SERVICE)
      1101 14th St, Leesburg, FL 34748-6618
      View Details
    • Value Estimation
      $7,795,000
      60,603 SF

      27615 Us Hwy 27

      GROCERY, SUPERMARKET
      27615 Us Hwy 27, Leesburg, FL 34748-9396
      View Details
    • Value Estimation by Request
      14,550 SF

      715 14Th St

      Retail properties & Spaces
      715 14Th St, Leesburg, FL 34748
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,320 SF

      Dollar Tree Investment Opportunity

      Single-tenant retail property with stable income and rental growth.
      27800 Us Highway 27, Leesburg, FL 34748
      View Details
    • Contact for pricing

      Retail Property for Sale

      Retail property available for purchase.
      1699 Us Highway 441, Leesburg, FL 34748
      View Details
    • $750,000
      3,956 SF

      Leesburg Retail Building For Sale

      Two-unit retail building with billboard on Highway 27.
      107 S 14Th St, Leesburg, FL 34748
      View Details
    • Contact for pricing
      1,008 SF

      Highway Frontage Redevelopment Opportunity

      High-visibility commercial property near The Villages, zoned C-3.
      1314 N Shore Dr, Leesburg, FL 34748
      View Details
    • $1,500,000
      5.00 Acres

      5 Acres Commercial Land Frontage

      5 acres of commercial land with highway frontage in Leesburg.
      Us Highway 27, Leesburg, FL 34748
      View Details
    • Contact for pricing
      5,217 SF

      Express Car Wash Investment Opportunity

      NNN leased car wash with annual rent escalations for sale.
      27830 Us Highway 27, Leesburg, FL 34748
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Versatile Event Space for Rent

      Adaptable event space suitable for diverse occasions and business uses.
      2240 Marcella Way, Leesburg, FL 34748
      View Details
    • Contact for pricing
      8,700 SF

      Retail Space in Growing Area

      High-visibility retail space with ample parking in Leesburg, Florida.
      911 S 14Th St, Leesburg, FL 34748
      View Details
    • $37,240

      Retail Space on US Highway

      Retail space available in Leesburg with highway frontage.
      25010 Ef /67, Leesburg, FL 34748
      View Details
    • Contact for pricing
      1,090 SF

      Retail Space in Publix-Anchored Center

      Retail space available in Leesburg, Florida with high visibility.
      27615 Us Highway 27, Leesburg, FL 34748
      View Details
    • Contact for pricing
      3,570 SF

      Retail Space in Leesburg, FL

      Retail space available for lease in Leesburg, Florida.
      1101-1107 W Blvd N, Leesburg, FL 34748
      View Details
    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.
    28415 Us-27
    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
    28415 Us-27, 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!