Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    15815 Old Us Hwy 441 Tavares, FL 32778-5005
    Property profile & analytics

    15815 Old Us Hwy 441, Tavares, FL 32778-5005

    View on Map
    • Industrial land
    • 1,500 SF
    • 5.71 lot acres
    Off-Market
    Property ID
    US18-8920096
    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

    • Industrial land

    Property Details for 15815 Old Us Hwy 441

    Year built
    1946
    Construction
    WOOD FRAME
    Lot size
    5.71 lot acres
    Property type
    Industrial land
    APN
    27-19-26-0500-000-00102
    APU
    271926050000000102

    Description

    This exceptional 9.73-acre parcel in Tavares, Florida, presents a unique multifamily development opportunity. Located on Old US Hwy 441, it boasts 560 feet of frontage on both the highway and Lake Saunders. Zoned for 240 apartment units, this property offers the only remaining large-scale development site on Lake Saunders, allowing for a garden-style multifamily complex. The site includes approximately 8.88 acres of uplands and direct lake access via a dock and boat ramp. Situated between Mount Dora and Tavares, this location benefits from its proximity to the Lake County seat and the historic downtown of Mount Dora. The area is experiencing rapid growth, fueled by its desirable location between Orlando and The Villages, and enhanced by the recently completed extension of the 453/429 Tollway, providing quick access to Orlando. Much of the pre-development site assessment work has already been completed, streamlining the development process. The combined parcels are being sold as one, presenting a compelling investment opportunity in a thriving residential market. The property's APN is 27-19-26-0500-000-00102. The asking price is $3,980,000.

    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
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.6942
    Latitude
    28.8045
    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
    $6,929
    $0.00
    $0.00
    $363,374
    -
    $363,374
    $0.00
    $363,374

    Comparable in this City

    • Value Estimation by Request
      2.91 Acres

      Southridge Industrial Dr

      INDUSTRIAL - VACANT LAND
      Southridge Industrial Dr, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      0.30 Acres

      Nn Lk Ave

      INDUSTRIAL - VACANT LAND
      Nn Lk Ave, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      2.90 Acres

      County Rd 448

      INDUSTRIAL - VACANT LAND
      County Rd 448, Tavares, FL 32778
      View Details
    • Value Estimation
      $1,675,000
      25.54 Acres

      Lk Industrial Blvd

      INDUSTRIAL - VACANT LAND
      Lk Industrial Blvd, Tavares, FL 32778
      View Details
    • Value Estimation by Request
      2.60 Acres

      Tavares, FL 32778

      INDUSTRIAL - VACANT LAND
      Tavares, FL 32778
      View Details
    • Value Estimation by Request
      0.24 Acres

      County Rd 448

      INDUSTRIAL - VACANT LAND
      County Rd 448, Tavares, FL 32778
      View Details

    Similar Nearby for Sale

    • $375,000
      1.26 Acres

      TAVARES, FL Light Manufacturing Land

      Vacant parcel approved for light manufacturing near Old 441.
      Old Hwy 441, Tavares, FL 32778
      View Details
    • Contact for pricing

      9.2 Acres Heavy Industrial Land

      9.2 acres of heavy industrial land with utilities available.
      448 & Cr 561, Tavares, FL 32778
      View Details
    • $199,900
      0.37 Acres

      TAVARES, FL Land For Sale

      Vacant land with high traffic highway frontage in TAVARES, FL.
      29644 Fl-19, Tavares, FL 32778
      View Details
    • $3,900,000
      18.50 Acres

      TAVARES, FL Development Opportunity

      18.5 acres of commercial land with road frontage.
      W Burleigh Blvd, Tavares, FL 32778
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,377 SF

      Retail Space on Hwy-441

      Retail space on a primary commercial corridor with high visibility.
      365 E Burleigh Blvd, Tavares, FL 32778
      View Details
    • $10,800 /Mo

      Functional Office Unit in Tavares

      Compact commercial unit with reception, offices, and restroom.
      203 W Alfred St, Tavares, FL 32778
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 1,500 to 32,670 SqFt.
      4117 County Road 561, Tavares, FL 32778
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space For Lease

      Retail space available in growing residential market.
      4101-4215 County Road 561, Tavares, FL 32778
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15815 Old Us Hwy 441
    Tavares, FL 32778-5005
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    15815 Old Us Hwy 441, Tavares, FL, 32778
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!