1314 Main St Leesburg, FL 34748-4937
Property profile & analytics
1314 Main St Leesburg, FL 34748-4937
- Retail properties & Spaces
- 9,200 SF
- 0.43 lot acres
Property ID
US18-0986191
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.
Location Intelligence
Current Use by Public Records
- Pep Boys / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 1314 Main St
- Year built
- 1960
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.43 lot acres
- Property size
- 9,200 SF
- Property type
- Retail properties & Spaces
- APN
- 26-19-24-3900-014-00500
- APU
- 261924390001400500
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,000-square-foot Pep Boys Auto Parts store located at 1314 W Main St, Leesburg, FL 34748. The property, built in 1960 and renovated in 2014, sits on a 0.43-acre lot and includes 22 parking spaces. Currently operating under a corporate-guaranteed net lease with a 100% occupancy rate, the tenant, Pep Boys, commenced operations on October 30, 2009, and the lease expires October 31, 2029. The remaining lease term is approximately 4.9 years, with two additional five-year options available, each including a 5% rent increase. The current asking price is $1,291,739, representing a price per square foot of $143.53 and a 6.75% cap rate. The property generates a net operating income (NOI) of $87,192. Landlord responsibilities are limited to roof and structure maintenance. This single-story building is situated in a high-traffic area of Leesburg, within the Orlando-Kissimmee-Sanford MSA, a rapidly growing region with a population exceeding 2.75 million. This presents a compelling opportunity for investors seeking a stable, long-term net lease investment with a strong national tenant and significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,275,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $940,000
- AI Estimate
- $940,000
Market price range: $615k - $2.22MMarket price range: $615k - $2.22M -
Alternative Use
- Use
- Estimation
- SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
- $1,030,000 Current use
- OFFICE BUILDING
- $1,315,000 Change: +28% Conversion: Difficult
- RETAIL STORES
- $1,265,000 Change: +23% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,115,000 Change: +9% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Lake
- State
- Florida
- Longitude
- -81.8866
- Latitude
- 28.8116
- 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
$10,982
$0.00
$0.00
$673,879
-
$162,050
$511,829
$673,879
