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Property profile & analytics
FOR SALE
Office buildings
2500 Citrus Blvd, Leesburg, FL 34748
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US18-0318847
For Sale
1 / 5
$3,800,000
2500 Citrus Blvd, Leesburg, FL 34748
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
PROFESSIONAL BUILDING
Year built
1993
Construction
WOOD FRAME
Total area
23,630 SF
Lot
4.51 ac (196,473 SF)
APN
10-19-24-0105-000-00100
UPID
US18-0318847
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
-
Tri County Rehab Physician
-
Dr. Burke L. Jackson, MD Physician
-
Dr. Tj J. Mcnichol, MD Pediatrician Physician
-
Express Care of Leesburg: Gilbert George MD Physician
-
Dr. Aleem U. Dean, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.01M
Blend (final)
Blend
$3.01M
Owner & transaction history
Leesburg Medical Props LLC · 21 yrs held
Leesburg Medical Props LLC
since 2005
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,380,000
Current use
RETAIL STORES
$3,255,000
Change: -4% · Conversion: Moderate
WAREHOUSE, STORAGE
$2,870,000
Change: -15% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$2,745,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.01M
Range $2.71M – $3.31M · ±10%
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
$127 / 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
$38,593
Tax year 2023
Assessed value
$2,373,261
Assessed 2023
Previous assessed
$2,078,944
+14.2% YoY
Effective rate
1.63%
On assessed value
Land market value
$733,000
Improvement market value
$1,640,261
Total market value
$2,373,261
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 Sale
Year built
1993
Construction
WOOD FRAME
Heating
NONE
Cooling
CENTRAL
Stories
1
Bathrooms
4
Total area
23,630 SF
Lot
4.51 ac (196,473 SF)
APN
10-19-24-0105-000-00100
UPID
US18-0318847
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
$3.4M
RETAIL STORES
Est. value
$3.3M
WAREHOUSE, STORAGE
Est. value
$2.9M
INDUSTRIAL (GENERAL)
Est. value
$2.7M
OFFICE BUILDING Current
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
1993
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Bathrooms
4
Lot
4.51 ac
Current owner
From public records · entity-resolved
Leesburg Medical Props LLC
Entity
Mailing address
4260 NE 35TH ST, OCALA, FL 34479-3238
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2018
—
Leesburg Medical Props LLC
—
Grant Deed
related
$4,500,000 · Branch Bk&tr
Jan 25, 2005
$840,000
Leesburg Medical Props LLC
Porter,james F SR & Jacqueline E
Grant Deed
$2,480,000 · Mercantile Bank
Jan 25, 2005
$1,260,000
Leesburg Medical Props LLC
Porter,sean L
Warranty Deed
—
Mar 27, 2000
$1,700,000
James F Porter
White Rose Holdings INC
Grant Deed
$1,320,000 · Southtrust Bank NA
—
—
Leesburg Medical Properties Ll
—
Deed Of Trust
related
$2,125,000 · Regions Bank
—
—
Leesburg Medical Props LLC
—
Deed Of Trust
related
$3,139,000 · Mercantile 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?”
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