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    Property profile & analytics
    OFF-MARKET Estimated value $9,520,000
    Outlet malls

    1715 Citrus Blvd, Leesburg, FL 34748-3423

    103,213 SF 12.11 ac lot Built 1978
    Individually Owned 22-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US18-4974233
    Property summary
    AI-generated overview

    This exceptional 1-acre commercial land parcel presents a unique investment opportunity in Leesburg, Florida. Strategically located at 1715 Citrus Blvd, 34748, this outlot enjoys a prime position at the entrance of a thriving Rural King store. The site benefits from exceptionally high visibility and traffic counts, exceeding 43,000 vehicles daily. This ensures significant exposure for any future development. The property is situated amongst a robust retail environment, including established businesses such as Walmart, Bealls, Publix, and Aldi, creating a strong synergy and attracting a substantial customer base. Furthermore, the proximity to The Villages, Florida's premier active adult community (less than 10 miles away and encompassing over 125,000 residents across three counties), provides access to a large and affluent demographic. While the site currently features a detention pond, it is important to note that re-engineering will be required to prepare the land for construction. This presents a chance to develop a highly visible and accessible commercial property in a rapidly growing area with a proven track record of success. The single-tenancy land parcel offers flexibility for a variety of commercial uses, making it an attractive proposition for investors and developers alike.

    Property profile
    Verified
    Property type Outlet malls
    Use group WHOLESALE OUTLET, DISCOUNT STORE
    Year built 1978
    Construction CONCRETE BLOCKS
    Total area 103,213 SF
    Lot 12.11 ac (527,470 SF)
    APN 15-19-24-0004-000-09200
    UPID US18-4974233
    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
    • Rural King Guns Gun Shop
    • Rural King Tractors Agricultural Supply
    • Rural King Big Box & Wholesale Store Agricultural Supply
    • TNT Fireworks Discount Store Party Supply Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $9.52M
    Blend (final) Blend
    $9.52M
    Owner & transaction history
    John D Sims · 22 yrs held
    John D Sims
    since 2003
    2 recorded transactions
    2003
    $1.9M
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $14.8M +3.8%
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