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1715 Citrus Blvd Leesburg, FL 34748-3423

OFF-MARKET Outlet malls Google Maps
103,213 SF 12.11 ac lot Built 1978
Individually Owned 22-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$2.07M
Range $1.86M – $2.28M (±10%)
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

Current use

Occupant on record · Public records
  • Gun Shop
  • Agricultural Supply
  • Big Box & Wholesale Store Agricultural Supply
  • 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
$2.07M

Owner & transaction history

since 2003
2 recorded transactions
2003
$1.9M
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $14.8M +3.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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