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    1314 N Shore Dr Leesburg, FL 34748
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    1314 N Shore Dr Leesburg, FL 34748

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    • Commercial land
    • 1,008 SF
    For Sale
    $130,000
    View Listing →
    Highway Frontage Redevelopment Opportunity For Sale
    $130,000
    1,008 SF

    Highway Frontage Redevelopment Opportunity

    High-visibility commercial property near The Villages, zoned C-3.

    1314 N SHORE DRIVE, Leesburg, FL 34748
    View Listing
    Property ID
    US18-6144955
    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

    • Commercial land

    Property Details for 1314 N Shore Dr

    Year built
    1950
    Property size
    1,008 SF
    Property type
    Commercial land
    Property subtype
    Retail properties & Spaces

    Description

    Prime property location right off of HWY 441/27 - a high-traffic area boasting unbeatable visibility and accessibility just minutes from The Villages. Excellent redevelopment opportunity currently zoned C-3. Surrounded by multiple thriving businesses including an accounting office, daycare, and Lees ... burg's famous Ramshackle Cafe! The current structure on the property was built in 1950 and features three separate rooms, a spacious main area, and one bathroom. Electrical was recently redone. Being sold As-Is, this property is a perfect blank canvas for an investor/business seeking to transform an already existent space or tear-down opportunity for constructing a custom office/retail space! The opportunities are limitless!

    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
    -81.8870319
    Latitude
    28.8319289

    Comparable in this City

    • $1,500,000
      Pending

      5 Acres Commercial Land Frontage

      5 acres of commercial land with highway frontage in Leesburg.
      Us Highway 27, Leesburg, FL 34748
      View Details
    • $130,000
      1,008 SF

      Highway Frontage Redevelopment Opportunity

      High-visibility commercial property near The Villages, zoned C-3.
      1314 N Shore Dr, Leesburg, FL 34748
      View Details
    • $999,000
      2,560 SF

      Highway Frontage Commercial Building

      Commercial building with highway frontage on over half acre.
      1526 Us Highway 441, Leesburg, FL 34748
      View Details
    • $999,000

      Highway 441 Frontage Property

      2,560 +/- Sq. Ft. building on over half acre.
      1526 Us Highway 441, Leesburg, FL 34748
      View Details
    • $1,895,000

      Retail Property for Sale

      Retail property available for purchase.
      1699 Us Highway 441, Leesburg, FL 34748
      View Details
    • $750,000
      3,956 SF

      Leesburg Retail Building For Sale

      Two-unit retail building with billboard on Highway 27.
      107 S 14Th St, Leesburg, FL 34748
      View Details

    Similar Nearby for Sale

    • $1,500,000
      Pending

      5 Acres Commercial Land Frontage

      5 acres of commercial land with highway frontage in Leesburg.
      Us Highway 27, Leesburg, FL 34748
      View Details
    • $130,000
      1,008 SF

      Highway Frontage Redevelopment Opportunity

      High-visibility commercial property near The Villages, zoned C-3.
      1314 N Shore Dr, Leesburg, FL 34748
      View Details
    • $999,000
      2,560 SF

      Highway Frontage Commercial Building

      Commercial building with highway frontage on over half acre.
      1526 Us Highway 441, Leesburg, FL 34748
      View Details
    • $999,000

      Highway 441 Frontage Property

      2,560 +/- Sq. Ft. building on over half acre.
      1526 Us Highway 441, Leesburg, FL 34748
      View Details
    • $1,895,000

      Retail Property for Sale

      Retail property available for purchase.
      1699 Us Highway 441, Leesburg, FL 34748
      View Details
    • $750,000
      3,956 SF

      Leesburg Retail Building For Sale

      Two-unit retail building with billboard on Highway 27.
      107 S 14Th St, Leesburg, FL 34748
      View Details

    Similar Nearby for Lease

    • $2.00 SF/Yr

      Leesburg Commercial Space For Lease

      4,520 sq ft space suitable for various uses.
      1314 Sumter St, Leesburg, FL 34748
      View Details
    • Contact for pricing

      Highway Frontage Commercial Space

      Commercial space with highway frontage on US Hwy 441-27.
      2204 Citrus Blvd, Leesburg, FL 34748
      View Details
    • $21,806

      Downtown Leesburg Corner Unit

      Prime retail/office space in thriving downtown Leesburg.
      200 W Main St, Leesburg, FL 34748
      View Details
    • $1,850 /Mo
      5,400 SF

      Leesburg Mixed-Use Highway Frontage

      Updated mixed-use building with high visibility on US Highway 441.
      1539 Us Highway 441, Leesburg, FL 34748
      View Details
    • Contact for pricing

      Prime Commercial Outlot For Rent

      1 AC outlot at the entrance of Rural King.
      1715 Citrus Blvd, Leesburg, FL 34748
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    • $22,200

      Highway Frontage Retail/Office Space

      Updated retail/office space with high visibility on US Highway 441.
      1539 Us Highway 441, Leesburg, FL 34748
      View Details
    View Listing
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    Leesburg, FL 34748
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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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