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    1299 S Duncan Dr Tavares, FL 32778
    Property profile & analytics

    1299 S Duncan Dr, Tavares, FL 32778

    View on Map
    • Commercial land
    • 1,152 SF
    • 3.24 lot acres
    For Sale
    $650,000
    View Listing →
    Vacant Land For Sale For Sale
    $650,000
    1.04 Acres

    Vacant Land For Sale

    1.04 AC vacant land with high visibility in Tavares, FL.

    1299 S Duncan Dr, Tavares, FL
    View Listing
    Property ID
    US18-5597206
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lake Region Packing Association / Association Or Organization

    Property Details for 1299 S Duncan Dr

    Year built
    1953
    Construction
    CONCRETE
    Lot size
    3.24 lot acres
    Property type
    Commercial land
    APN
    31-19-26-0004-000-01300
    APU
    311926000400001300

    Description

    This exceptional commercial land parcel, located at 1293 S Duncan Drive in Tavares, Florida (zip code 32778), presents a unique investment opportunity. Situated on a corner lot at the intersection of S Duncan Drive and County Road, this property boasts excellent street visibility and benefits from high traffic counts, ensuring maximum exposure for any development. Currently vacant, the land is zoned for commercial use and offers the flexibility of potential subdivision, subject to further investigation and approvals. A significant advantage is the owner's willingness to construct a building to suit a tenant's specific needs, eliminating the complexities and potential delays associated with new construction. Adding to the property's appeal, a portion of the land is slated for development by O'Reilly Auto Parts, further enhancing the area's commercial viability and attracting additional foot traffic. This prime location in Tavares, Florida, offers a compelling opportunity for businesses seeking high visibility and a strategic location within a growing commercial area. Interested parties are encouraged to contact for detailed information regarding zoning regulations, subdivision possibilities, and build-to-suit options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $817,000
      Market price range: $111k - $817k
      AI Estimate
      $817,000
      Market price range: $111k - $817k

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

    Location Insight

    • Map
    • Local Demand
    City
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.7456
    Latitude
    28.7902
    CBSA code
    36740
    CBSA name
    ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $8,210
    $0.00
    $0.00
    $427,680
    -
    $427,680
    $0.00
    $427,680

    Comparable in this City

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      0.18 Acres

      Tavares, FL 32778

      VACANT COMMERCIAL LAND
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      12.31 Acres

      Tavares, FL 32778

      VACANT COMMERCIAL LAND
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    • Value Estimation by Request
      1.27 Acres

      Burleigh Blvd

      VACANT COMMERCIAL LAND
      Burleigh Blvd, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      2.14 Acres

      County Rd 448

      VACANT COMMERCIAL LAND
      County Rd 448, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      2.27 Acres

      County Rd 561

      VACANT COMMERCIAL LAND
      County Rd 561, Tavares, FL 32778
      View Details

    Similar Nearby for Sale

    • $199,900
      0.37 Acres

      TAVARES, FL Land For Sale

      Vacant land with high traffic highway frontage in TAVARES, FL.
      29644 Fl-19, Tavares, FL 32778
      View Details
    • $3,900,000
      18.50 Acres

      TAVARES, FL Development Opportunity

      18.5 acres of commercial land with road frontage.
      W Burleigh Blvd, 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

      Retail spaces available, ranging from 1,500 to 32,670 SqFt.
      4117 County Road 561, Tavares, FL 32778
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space For Lease

      Retail space available in growing residential market.
      4101-4215 County Road 561, 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
    View Listing
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    Tavares, FL 32778
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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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