New search
Property profile & analytics
FOR LEASE
Office buildings
1414 E Main St, Leesburg, FL 34748
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US18-2292546
For Lease
1 / 48
$135,198 SF/Yr
1414 E Main St, Leesburg, FL 34748
View Listing →
Property summary
AI-generated overview
This exceptional 8,189 square foot medical office building presents a unique investment opportunity in Leesburg, Florida. Situated on a 1.29-acre lot with ample parking (55 spaces), this property boasts a prime location just off US 441 and within a mile of UF Health Leesburg Hospital, ensuring high visibility and convenient access for patients. Originally constructed in 1997, the building underwent a substantial expansion in 2008, resulting in a versatile layout ideal for multiple medical practices. The design incorporates two distinct units, each with private entrances, waiting rooms, and reception areas, allowing for independent operation or a combined practice. The building's extensive features include 14 exam and procedure rooms, a dedicated X-ray room, and 12 bathrooms, along with multiple staff offices. The property is fully serviced by city utilities and is move-in ready, representing a turnkey solution for established or emerging medical professionals. The two-unit configuration offers the potential for owner-occupancy and leasing income, maximizing return on investment. This is a rare opportunity to acquire a well-maintained, strategically located medical office building in a thriving healthcare market.
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1997
Construction
CONCRETE BLOCKS
Total area
7,511 SF
Lot
0.81 ac (35,240 SF)
APN
25-19-24-0001-000-02600
UPID
US18-2292546
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
-
Advanced Obstetrics & Gynecology of Lake County Physician
-
Rohini Sastry PA Physician
-
Shivakumar S. Hanubal, MD Physician
-
Manuel Alvarado, MD Physician
-
Alejandro-Cord Natalia MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.32M
Blend (final)
Blend
$1.36M
Owner & transaction history
Elite Assets Group LLC · 1 yrs held
Elite Assets Group LLC
since 2025
Last sale
$1.4M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.2M
+105.5%
Commercial (general)
$1.8M
+64.1%
Auto repair, garage
$1.8M
+63.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Leesburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leesburg submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,075,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,205,000
Change: +105% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,765,000
Change: +64% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,755,000
Change: +64% · Conversion: Difficult
RETAIL STORES
$1,035,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$910,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$875,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$1.36M
Range $1.22M – $1.50M · ±10% · vs last sale $1.40M (Mar 5 2025)
Last sale anchor
$1.40M
Mar 5 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$181 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,025
Tax year 2023
Assessed value
$1,042,762
Assessed 2023
Previous assessed
$971,956
+7.3% YoY
Effective rate
1.63%
On assessed value
Land market value
$187,618
Improvement market value
$855,144
Total market value
$1,042,762
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Status
For Lease
Year built
1997
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
6
Total area
7,511 SF
Lot
0.81 ac (35,240 SF)
APN
25-19-24-0001-000-02600
UPID
US18-2292546
Jurisdiction
LAKE
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$1.8M
RETAIL STORES
Est. value
$1.0M
WAREHOUSE, STORAGE
Est. value
$910,000
INDUSTRIAL (GENERAL)
Est. value
$875,000
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
RETAIL STORES
WAREHOUSE, STORAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Construction
CONCRETE BLOCKS
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.81 ac
Current owner
From public records · entity-resolved
Elite Assets Group LLC
Entity
Mailing address
1414 E MAIN ST, LEESBURG, FL 34748-5399
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 5, 2025
$1,400,000
Elite Assets Group LLC
Qma Corp
Warranty Deed
—
—
—
Qma Corp
—
Deed Of Trust
related
$617,446 · Regions Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
