Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Warehouses
1811 Greenleaf Ln Leesburg, FL 34748-2026
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US18-1369098
Property summary
AI-generated overview
This 10,880-square-foot industrial property, located in Leesburg's Greenleaf Industrial Park, offers a 5,440-square-foot warehouse space currently available for lease. The building features a single-tenant occupancy, boasting a clear span design with 20-foot eave height and a 22-foot ridge height. Access is convenient via grade-level 12x16 overhead doors. The space includes a finished, air-conditioned office area, enhancing functionality and comfort. The entire building is fully insulated, contributing to energy efficiency. The property benefits from Leesburg city utilities and is zoned M-1 industrial, allowing for a variety of uses. Its strategic location on the north side of Leesburg, off Tally Road, provides excellent access to major transportation arteries, including the Florida Turnpike and I-75. This prime location offers easy access to The Villages and positions businesses for efficient service throughout Central Florida. The property's APN is 3850775, situated within Lake County. All dimensions are approximate and subject to verification.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2007
Construction
WOOD FRAME
Total area
10,880 SF
Lot
0.82 ac (35,728 SF)
APN
15-19-24-0800-000-00200
UPID
US18-1369098
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
-
Factory Connection Suspension Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.32M
CAP Approach
CAP
$1.14M
Comparable Approach
Comparable
$1.09M
Blend (final)
Blend
$1.32M
Owner & transaction history
Great Lakes Carpet & Tile LLC · 2 yrs held
Great Lakes Carpet & Tile LLC
since 2024
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+17.8%
Retail stores
$1.5M
+13.5%
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
$1,315,000
ML approach
$1,315,000
CAP Approach
CAP Return
Estimation
6%
$1,230,000
6.5%
$1,135,000
7%
$1,055,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,320,000
Current use
OFFICE BUILDING
$1,555,000
Change: +18% · Conversion: Difficult
RETAIL STORES
$1,500,000
Change: +13% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,265,000
Change: -4% · Conversion: Easy
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.32M (Feb 13 2024)
Last sale anchor
$1.32M
Feb 13 2024
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
$121 / 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
$9,041
Tax year 2023
Assessed value
$573,200
Assessed 2023
Previous assessed
$573,200
+0.0% YoY
Effective rate
1.58%
On assessed value
Land market value
$93,380
Improvement market value
$479,820
Total market value
$573,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2007
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
2
Total area
10,880 SF
Lot
0.82 ac (35,728 SF)
APN
15-19-24-0800-000-00200
UPID
US18-1369098
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
WAREHOUSE, STORAGE Current
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RETAIL STORES
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
2007
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
2
Lot
0.82 ac
Current owner
From public records · entity-resolved
Great Lakes Carpet & Tile LLC
Entity
Mailing address
4411 NE 83RD RD, WILDWOOD, FL 34785-9196
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2024
$1,315,000
Great Lakes Carpet & Tile LLC
Carl Giggleman
Warranty Deed
$565,000 · Carl Giggleman
Jan 6, 2016
$375,000
Carl Giggleman
Ibex Of Florida LLC
Warranty Deed
—
Sep 19, 2006
$37,000
Kenneth D Wagner
Bar W Land Co LLC
Warranty Deed
—
Sep 19, 2006
$100,000
Ibex Of Florida LLC
Wagner,kenneth D
Warranty Deed
—
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?”
You own 1811 Greenleaf Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
