1317 Citizens Blvd Leesburg, FL 34748-3923
This exceptional investment opportunity encompasses two adjacent office buildings totaling 13,998 square feet on a combined 2.29-acre lot in Leesburg, Florida. The property boasts a 7.75% capitalization rate and is currently 100% leased to a mix of strong, long-term tenants with excellent rental histories. Building 1317, at 6,052+ square feet on 1.44+ acres, houses Lassiter Ware's corporate headquarters, a regional credit tenant with a proven track record. Building 1321, comprising 7,946+ square feet on 0.84+ acres, is occupied by four additional tenants, all exhibiting strong rental histories. Both buildings are meticulously maintained, both inside and out, and offer ample parking. The property benefits from high visibility and easy access, featuring monument signage on Citizens Boulevard, a key connector road between US Highway 27 (21,500 average daily trips) and US Highway 441 (30,500 average daily trips). The location provides convenient access to Orlando, Ocala (within an hour's drive), The Villages, I-75, and Florida's Turnpike. This presents a compelling 1031 exchange opportunity. All information is believed to be accurate but is not guaranteed and is subject to change. A non-disclosure agreement is required for access to financial data and leases. Showings are by appointment only
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Lassiter Ware Inc: Bramlett Kirk Insurance Agency
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Acrisure Leesburg, FL (Lassiter Ware Insurance) Insurance Agency
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Lassiter Ware Inc: Brownsberger Denise Insurance Agency
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Lewis Kimberly Insurance Agency
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Delgado Daniel Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.