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    7503 Us-441 Leesburg, FL 34788
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    7503 Us-441 Leesburg, FL 34788

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    • Retail properties & Spaces
    • 1,200 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 7503 Us-441

    Property size
    1,200 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    This exceptional mixed-use property, located at 7503 US-441 in Leesburg, Florida (zip code 34788), presents a unique investment opportunity. The 1,200 to 1,500 square foot building boasts a prime corner location on US-441, a high-traffic area with an estimated 35,000 vehicles passing daily. The property's versatile design incorporates a bank, convenience store, and gas station, creating multiple revenue streams. Classified as Class C, this property is ideal for investors seeking a diversified portfolio. The building is situated in Lake County and benefits from a C3 zoning designation, offering flexibility for future development or expansion. The asking price is $1,299,000, representing a compelling entry point into the thriving Leesburg market. Individual ownership is available. This property's strategic location and diverse income potential make it an attractive investment for discerning buyers. The property's latitude and longitude coordinates are 28.824435963603364 and -81.83265603761119 respectively.

    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
    -81.8327
    Latitude
    28.8244

    Comparable in this City

    • Value Estimation
      $1,205,000
      2,850 SF

      8040 Us Hwy 441

      FINANCIAL BUILDING • 2,850 SF
      8040 Us Hwy 441, Leesburg, FL 34788-8243
      View Details
    • Value Estimation
      $645,000
      2,184 SF

      10021 County Rd 44

      FINANCIAL BUILDING • 2,184 SF
      10021 County Rd 44, Leesburg, FL 34788-2408
      View Details
    • Value Estimation
      $1,785,000
      3,845 SF

      10415 Us Hwy 441

      FINANCIAL BUILDING • 3,845 SF
      10415 Us Hwy 441, Leesburg, FL 34788-7225
      View Details
    • Value Estimation
      $915,000
      2,010 SF

      10105 Us Hwy 441

      FINANCIAL BUILDING • 2,010 SF
      10105 Us Hwy 441, Leesburg, FL 34788-3952
      View Details
    • Value Estimation
      $1,440,000
      3,760 SF

      32612 Vis Ave

      FINANCIAL BUILDING • 3,760 SF
      32612 Vis Ave, Leesburg, FL 34788-3905
      View Details
    • Value Estimation by Request
      4,887 SF

      10715 Us Hwy 441

      FINANCIAL BUILDING • 4,887 SF
      10715 Us Hwy 441, Leesburg, FL 34788-7227
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Leesburg Land with Highway Access

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    • $495,075
      2,829 SF

      Leesburg Office Building For Sale

      Flexible office space in Leesburg, Florida with investment potential.
      32644 Blossom Ln, Leesburg, FL 34788
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      Retail Space Near Lake Square

      Retail property with high visibility on US Highway 441.
      10300 Us Highway 441, Leesburg, FL 34788
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,017 SF

      Retail Space in Growing Leesburg

      Retail space available in rapidly growing Leesburg, Florida.
      10401 Us Highway 441, Leesburg, FL 34788
      View Details
    • Contact for pricing
      1,275 SF

      Retail Space Anchored by Publix

      Retail space available in Leesburg, Florida, anchored by Publix.
      10601 Us Highway 441, Leesburg, FL 34788
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    • Contact for pricing

      Retail Space in Leesburg Center

      Retail space available in a busy shopping center.
      10601 Us Highway 441, Leesburg, FL 34788
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for ground lease or build to suit.
      9745 Silver Lake Dr, Leesburg, FL 34788
      View Details
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    Leesburg, FL 34788
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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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