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Property profile & analytics
OFF-MARKET Estimated value $1,065,000
Office buildings

1317 Citizens Blvd Leesburg, FL 34748-3923

6,052 SF 1.44 ac lot Built 1978
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US18-2756390
Property summary
AI-generated overview

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

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1978
Construction CONCRETE BLOCKS
Total area 6,052 SF
Lot 1.44 ac (62,904 SF)
APN 23-19-24-0002-000-03711
UPID US18-2756390
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lassiter Ware Inc: Bramlett Kirk Insurance Agency
  • Acrisure Leesburg, FL (Lassiter Ware Insurance) Insurance Agency
  • Lassiter Ware Inc: Brownsberger Denise Insurance Agency
  • Lewis Kimberly Insurance Agency
  • Delgado Daniel Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.07M
Blend (final) Blend
$1.07M
Owner & transaction history
5c Cattle Co LLC · 9 yrs held
5c Cattle Co LLC
since 2016
1 recorded transaction
2016
$1.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $1.4M +64.1%
Auto repair, garage $1.4M +63.5%
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