Property profile

0 Olympus Vlg Four Corners, FL 34714

OFF-MARKET
Land
9 ac lot
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Property summary

AI-generated overview

This exceptional 9-acre commercial land parcel in Clermont, Florida, presents a prime multifamily development opportunity. Located in the Olympus Village, within the Wellness Way development corridor, this property boasts pre-approved entitlements for 283 multifamily units and up to 20,000 square feet of commercial space. The Planned Unit Development (PUD) and entitlements are already in place, eliminating the need for further approvals from the City of Clermont, allowing for a fast-tracked construction timeline. This site benefits from the strong demand for rental housing in Lake County, fueled by growth in neighboring areas like Horizon West and Hamlin. The current shortage of apartment communities and rising rents create a highly favorable market. The property's proximity to the new 515 Expressway (less than 3 miles) provides excellent connectivity to major roadways like Highway 27 and SR 429. This is one of the few Clermont sites with existing multifamily approvals, situated amidst significant single-family home development. The inclusion of up to 20,000 square feet of commercial entitlements offers the potential for a mixed-use development, further enhancing its value and appeal. This is a truly unique opportunity to capitalize on the thriving Clermont market. The property is zoned C.

Property profile

Verified
Property type Land
Lot 9 ac (392,040 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Olympus Vlg Four Corners, FL 34714
Four Corners metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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