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    912 Linden St Lady Lake, FL 32159
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    912 Linden St Lady Lake, FL 32159

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    • Apartment buildings
    • 27.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 912 Linden St

    Lot size
    27.76 lot acres
    Property type
    Apartment buildings

    Description

    This exceptional 27.76-acre site in Lady Lake, Florida, presents a remarkable multifamily development opportunity. Fully entitled for a 330-unit garden-style apartment complex, the project will encompass six residential buildings, a clubhouse, leasing office, and 648 surface parking spaces. Situated at the intersection of The Villages, Ocala, and Orlando, this location boasts unparalleled connectivity via easy access to I-75 and the Florida Turnpike. The site's strategic location benefits from Florida's robust in-migration and revitalization, driving residential market growth to record highs. With existing entitlements, this development offers a clear path to execution, capitalizing on the high demand and limited supply in the market. The approved four-story design, combined with convenient access to US 441, I-75, and US-301, ensures strong appeal to potential residents. Proximity to amenities, grocery stores, and retail further enhances the property's desirability. The property's APN is 28-18-24-0001-000-00300. This is a truly exceptional investment opportunity in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lady Lake
    County
    Lake
    State
    Florida
    Longitude
    -81.9095
    Latitude
    28.8965

    Comparable in this City

    • Value Estimation by Request
      53,092 SF

      13765 136th Loop

      APARTMENT HOUSE (5+ UNITS) • 53,092 SF
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    • Value Estimation by Request
      13.80 Acres

      1155 Co Rd

      Retirement homes • 13.80 Acres
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    • Value Estimation by Request
      1.47 Acres

      1500 Banderos Ave

      MOBILE HOME PARK, TRAILER PARK • 1.47 Acres
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    • Value Estimation by Request

      Dogwood Way

      Land
      0 Dogwood Way, Lady Lake, FL 32159
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    • Value Estimation by Request
      20.00 Acres

      0000 Eagles Nest Rd

      Farms • 20.00 Acres
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    • Value Estimation by Request

      0000 Sulen Rd

      Land
      0000 Sulen Rd, Lady Lake, FL 32159
      View Details

    Similar Nearby for Sale

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      0.20 Acres

      Residential Land in Lady Lake

      Ideal location for building a dream home near amenities.
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    • $399,999
      0.29 Acres

      Commercial Lot on Highway 441

      Corner commercial lot with high visibility and heavy commercial zoning.
      138 W Hermosa St, Lady Lake, FL 32159
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      Lady Lake Commercial Land Parcel

      3.7-acre commercial lot ready for development in Lady Lake.
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      5,204 SF

      Lady Lake Retail Opportunity

      Freestanding commercial building in high-traffic retail corridor near The Villages.
      8825 NE 134Th Ave, Lady Lake, FL 32159
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    Similar Nearby for Lease

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      Lady Lake Multi-Use Development Land

      44-acre multi-use development site near The Villages.
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      Prime Retail Anchor Space Available

      18,000 SF retail space in high-traffic Lady Lake center.
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      High-Visibility Retail/Office Space Available

      Newly completed building with high traffic exposure in The Villages.
      13922 Us Highway 441, Lady Lake, FL 32159
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      Medical/Professional Office in The Villages

      Upscale medical/professional office space for lease in Lady Lake.
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    912 Linden St
    Lady Lake, FL 32159
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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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