Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2920 Citrus Tower Blvd Clermont, FL 34711-6875

    • Community centers
    • 6,985 SF
    • 1.37 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-3536690
    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

    • Amscot - The Money Superstore / Loan Agency / Check Cashing Service
    • Western Union / Money Transfer Service
    • Walmart Home / Supermarket
    • Sole Beauty Supply / Wig Shop / Hair Extensions Supplier
    • Anthony Ferrer Hair Salon & Barbershop / Hair Salon

    Property Details for 2920 Citrus Tower Blvd

    Year built
    2007
    Construction
    CONCRETE BLOCKS
    Lot size
    1.37 lot acres
    Property size
    6,985 SF
    Property type
    Community centers
    APN
    32-22-26-1192-000-00D00
    APU
    322226119200000D00

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Clermont
    County
    Lake
    State
    Florida
    Longitude
    -81.73
    Latitude
    28.5265
    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
    $23,332
    $0.00
    $0.00
    $1,346,284
    -
    $714,871
    $631,413
    $1,346,284

    Comparable in this City

    • Value Estimation by Request
      4,776 SF

      756 Montrose St

      MINI-MALL • 4,776 SF
      756 Montrose St, Clermont, FL 34711
      View Details
    • Value Estimation by Request
      14,000 SF

      2670 Hwy 50

      MINI-MALL • 14,000 SF
      2670 Hwy 50, Clermont, FL 34711-6038
      View Details
    • Value Estimation by Request
      7,751 SF

      1120 Hwy 50

      MINI-MALL • 7,751 SF
      1120 Hwy 50, Clermont, FL 34711-3224
      View Details
    • Value Estimation
      $5,975,000
      9,928 SF

      1615 Hwy 50

      MINI-MALL • 9,928 SF
      1615 Hwy 50, Clermont, FL 34711-5339
      View Details
    • Value Estimation by Request
      11,480 SF

      1600 Hancock Rd

      MINI-MALL • 11,480 SF
      1600 Hancock Rd, Clermont, FL 34711-7523
      View Details
    • Value Estimation by Request
      24,670 SF

      2335 Hwy 27

      MINI-MALL • 24,670 SF
      2335 Hwy 27, Clermont, FL 34711-6877
      View Details

    Similar Nearby for Sale

    • $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
    • $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
    • $2,530,782
      4,000 SF

      Pacific Dental Retail Investment Opportunity

      4,000 SF retail space in Clermont, Florida for sale.
      17300 State Road 50, Clermont, FL 34711
      View Details
    • $499,990
      Pending

      Clermont Medical/Professional Office For Sale

      Operational medical/professional office in a rapidly growing Central Florida market.
      364 Chestnut St, Clermont, FL 34711
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      10,000 SF

      Vista Center: Clermont Retail Space

      High-traffic retail center, 7 suites, 10,000 sqft
      4420 Us Highway 27, Clermont, FL 34711
      View Details
    • Contact for pricing
      5,160 SF

      Retail Space in Clermont Landing

      Retail space available in Clermont's premier shopping center.
      2335 Highway 27 S, Clermont, FL 34711
      View Details
    • Contact for pricing
      3,240 SF

      Retail Space in Clermont, Florida

      Retail space available in Clermont, Florida.
      4351 Highway 27 S, Clermont, FL 34711
      View Details
    • $45 SF/Yr
      1,465 SF

      Retail Center in Clermont, FL

      New retail center with frontage on Highway 50.
      2357 Highway 50 E, 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.
    2920 Citrus Tower Blvd
    Clermont, FL 34711-6875
    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.