Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    13 Salk Ave Tavares, FL 32778
    Property profile & analytics

    13 Salk Ave, Tavares, FL 32778

    View on Map
    • Land
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 13 Salk Ave

    Property type
    Land

    Description

    This exceptional 0.53-acre (23,087 square foot) vacant commercial lot is situated in the thriving Lake View Center Phase 1 development in Tavares, Florida. Located in Lake County, this property boasts a prime location near Highway 441 and Waterman Florida Hospital, surrounded by a concentration of medical professionals, including doctors, dentists, and other healthcare practices. The property's zoning allows for commercial use, making it an excellent opportunity for a variety of businesses seeking a high-visibility location within a well-established medical corridor. The asking price is $177,000, and financing options, including seller financing, are being considered. The lot is identified as Lot 13 Salk Avenue, Tavares, FL 32778, and its precise coordinates are latitude 28.819456 and longitude -81.714412. The property is designated as vacant commercial land (county code 1000, state code 10) within the LAKE VIEW CENTER PHASE 1 subdivision (Township 19, Range 26, Section 21, Block 000, Lot 01300), neighborhood code 0644. Cash offers are welcome. This presents a unique opportunity to establish a business in a high-demand area with excellent visibility and accessibility.

    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
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.7132
    Latitude
    28.8201

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      County Road 448

      Land
      0 County Road 448, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      0.58 Acres

      Lion Ln

      Land
      0 Lion Ln, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      1.00 Acre

      County Road 448

      Land
      0 County Road 448, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      1.75 Acres

      Dora Ave

      Land
      0 Dora Ave, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      3.97 Acres

      and 19 Camp Rd

      Multifamily properties
      and 19 Camp Rd, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      1.00 Acre

      County Road 448

      Land
      0 County Road 448, Tavares, FL 32778
      View Details

    Similar Nearby for Sale

    • $13,650,000

      Land Available in Tavares, Florida

      Land for sale in Lake County, Tavares, Florida.
      28432 S Eichelberger Rd, Tavares, FL 32778
      View Details
    • $96,000

      Downtown Tavares Commercial Land

      Prime Downtown Tavares Lot, High Traffic
      0 Main St, Tavares, FL 32778
      View Details
    • $979,000

      Land for Sale in Tavares

      Land available on Cove Road, Tavares, Florida.
      31035 Cove Rd, Tavares, FL 32778
      View Details
    • $2,400,000

      Tavares Land Parcel For Sale

      15+/- acres in Tavares, FL, with road frontage.
      19 Summerall Ave, Tavares, FL 32778
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,377 SF

      Retail Space on Hwy-441

      Retail space on a primary commercial corridor with high visibility.
      365 E Burleigh Blvd, Tavares, FL 32778
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, approximately 24,373 square feet.
      450 E Burleigh Blvd, Tavares, FL 32778
      View Details
    • $51,562
      3,125 SF

      Tavares Retail Space Available

      Retail space available for lease in Tavares, Florida.
      3678 County Road 561, Tavares, FL 32778
      View Details
    • $68,184
      1,810 SF

      Office Space Near Mount Dora

      Office space available between Mount Dora and Tavares, Florida.
      15925 Old Us Highway 441, Tavares, FL 32778
      View Details
    • $10,800 /Mo

      Functional Office Unit in Tavares

      Compact commercial unit with reception, offices, and restroom.
      203 W Alfred St, Tavares, FL 32778
      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.
    13 Salk Ave
    Tavares, FL 32778
    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
    13 Salk Ave, Tavares, FL, 32778
    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!