Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2590 Hwy 50 Clermont, FL 34711-6050

    • Retail properties
    • 13,639 SF
    • 1.93 lot acres
    OFF-MARKET
    Last Sale
    Apr 25, 2024
    $5,460,000
    Value Estimations
    $4,755,000
    Show details
    Cap Rate Potential
    3.1%
    Retail properties
    Location Intelligence
    Property ID
    US18-1321349
    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.

    Current Use by Public Records

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Coinhub Bitcoin ATM Teller / Atm
    • FedEx OnSite / Mailing Service
    • SAMUEL KENNEY HOUSTON / Ophthalmologist
    • SAMANTHA XAVIER / Ophthalmologist

    Property Details for 2590 Hwy 50

    Year built
    2003
    Construction
    CONCRETE BLOCKS
    Lot size
    1.93 lot acres
    Property size
    13,639 SF
    Property type
    Retail properties
    APN
    09-22-26-1205-016-00001
    APU
    92226120501600001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,190,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,444,000
      Market price range: $2.14M - $6.99M
      AI Estimate
      $3,444,000
      Market price range: $2.14M - $6.99M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,975,000
      Current use
      COMMERCIAL (GENERAL)
      $5,245,000
      Change: +32% Conversion: Easy
      RESTAURANT
      $4,760,000
      Change: +20% Conversion: Easy
      OFFICE BUILDING
      $4,070,000
      Change: +2% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $4,005,000
      Change: +1% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $3,190,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.7075
    Latitude
    28.5474
    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
    $40,000
    $0.00
    $0.00
    $2,308,069
    -
    $1,342,782
    $965,287
    $2,308,069

    Comparable in this City

    • Value Estimation by Request
      10,710 SF

      Montrose St

      Individual retail properties • 10,710 SF
      0 Montrose St, Clermont, FL 34711
      View Details
    • Value Estimation by Request
      10,000 SF

      16215 State Rte

      Retail properties • 10,000 SF
      16215 State Rte, Clermont, FL 34711
      View Details
    • Value Estimation by Request
      10,265 SF

      12635 Us Hwy 27

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,265 SF
      12635 Us Hwy 27, Clermont, FL 34711-8588
      View Details
    • Value Estimation by Request
      88,632 SF

      12305 Us Hwy 27

      DEPARTMENT STORE • 88,632 SF
      12305 Us Hwy 27, Clermont, FL 34711-8515
      View Details
    • Value Estimation
      $1,200,000
      1,400 SF

      1060 Hwy 50

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,400 SF
      1060 Hwy 50, Clermont, FL 34711-2835
      View Details
    • Value Estimation
      $1,490,000
      1,652 SF

      611 Hwy 50

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,652 SF
      611 Hwy 50, Clermont, FL 34711-2913
      View Details

    Similar Nearby for Sale

    • $699,900
      Pending

      Downtown Clermont Commercial Space Available

      Commercial building in downtown Clermont, zoned CBD, suitable for various businesses.
      740 Lake Ave, Clermont, FL 34711
      View Details
    • Contact for pricing
      3,400 SF

      Restaurant Building with Drive-Thru

      3,400 SF restaurant with drive-thru on 0.99 AC.
      1391 Citrus Tower Blvd, Clermont, FL 34711
      View Details
    • $4,075,500
      5,225 SF

      Clermont Medical/Retail Investment Opportunity

      100% occupied medical/retail property in Cross Ridge Exchange development.
      2603 S 27, Clermont, FL 34711
      View Details
    • $3,000,000

      Fully Occupied Retail Building

      Retail building in high-traffic Clermont location, 100% occupied.
      2410 Highway 50 E, Clermont, FL 34711
      View Details
    • $4,107,000
      5,286 SF

      Retail Strip Center For Sale

      Fully occupied retail strip center with strong tenancy.
      16526-16530 State Road 50, Clermont, FL 34711
      View Details
    • $3,000,000
      5,044 SF

      Retail Building in High-Traffic Area

      Fully occupied retail building in Clermont, Florida, with long-term tenants.
      2410 State Rte 50, Clermont, FL 34711
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Costco Outparcels: Clermont, FL

      Prime Retail Land Near Costco
      Collina Sr 50/ Plz, Clermont, FL 34711
      View Details
    • $32 SF/Yr
      1,886 SF

      Cross Ridge Exchange Office Suite

      Prime Clermont Office Space: 1886 sq ft
      2577 Us Highway 27, Clermont, FL 34711
      View Details
    • Contact for pricing
      1 SF

      Clermont Retail Land Opportunity

      2.1 Acres, Publix-Shadowed, High Traffic
      4265 Us Highway 27, Clermont, FL 34711
      View Details
    • $35 SF/Yr
      4,798 SF

      Prime Retail Space - Citrus Tower Blvd

      Freestanding Bank Building, High Visibility, Sublease
      210 Citrus Tower Blvd, Clermont, FL 34711
      View Details
    • Contact for pricing

      Kohl's Anchored Pad Site

      Pad site available in high-growth area near major retailers.
      12305 Highway 27 S, Clermont, FL 34711
      View Details
    • $24 SF/Yr
      1,250 SF

      Retail Space on Highway 27

      Retail space in multi-tenant center with high traffic.
      4420 Highway 27 S, Clermont, FL 34711
      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.
    2590 Hwy 50
    Clermont, FL 34711-6050
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.