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

    32629 Blossom Ln Leesburg, FL 34788-3907

    • Office buildings
    • 1,933 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Jul 21, 2020
    $210,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4292859
    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

    • Lake Square Chiropractic Center: Leesburg Office / Chiropractor / Acupuncturist
    • Dr. Foy Dark / Chiropractor / Practitioner Service Location
    • Lake Square Chiropractic, P.A. / Chiropractor

    Property Details for 32629 Blossom Ln

    Year built
    1955
    Construction
    CONCRETE BLOCKS
    Lot size
    0.46 lot acres
    Property size
    1,933 SF
    Property type
    Office buildings
    APN
    23-19-25-0002-000-02200
    APU
    231925000200002200

    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
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.7895
    Latitude
    28.8248
    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
    $3,433
    $0.00
    $0.00
    $205,033
    -
    $92,909
    $112,124
    $205,033

    Comparable in this City

    • Value Estimation by Request
      318 SF

      33025 Airport Vw

      OFFICE BUILDING • 318 SF
      33025 Airport Vw, Leesburg, FL 34788-4004
      View Details
    • Value Estimation
      $1,400,000
      6,903 SF

      8100 County Rd 44th Leg A A

      PROFESSIONAL BUILDING • 6,903 SF
      8100 County Rd 44th Leg A A, Leesburg, FL 34788-3704
      View Details
    • Value Estimation by Request
      1,971 SF

      8525 Us Hwy 441

      OFFICE BUILDING • 1,971 SF
      8525 Us Hwy 441, Leesburg, FL 34788-4021
      View Details
    • Value Estimation
      $920,000
      6,000 SF

      7928 Us Hwy 441

      OFFICE BUILDING • 6,000 SF
      7928 Us Hwy 441, Leesburg, FL 34788-8206
      View Details
    • Value Estimation by Request
      520 SF

      33550 County Rd 473

      OFFICE BUILDING • 520 SF
      33550 County Rd 473, Leesburg, FL 34788-4262
      View Details
    • Value Estimation
      $615,000
      2,801 SF

      33017 Professional Dr

      PROFESSIONAL BUILDING • 2,801 SF
      33017 Professional Dr, Leesburg, FL 34788-3750
      View Details

    Similar Nearby for Sale

    • $495,075
      2,829 SF

      Leesburg Office Building For Sale

      Flexible office space in Leesburg, Florida with investment potential.
      32644 Blossom Ln, Leesburg, FL 34788
      View Details
    • $750,000
      14.60 Acres

      Prime Leesburg Agricultural Land

      14.6 Acres, Owner Financing Available
      11001 Moon Crest Ln, Leesburg, FL 34788
      View Details
    • $300,000
      1,928 SF

      Leesburg Retail Space - For Sale

      Free-standing building, ample parking, great location.
      33202 County Road 473, Leesburg, FL 34788
      View Details
    • $99,500

      Updated Home in 55+ Community

      Move-in ready manufactured home with modern upgrades in Leesburg, Florida.
      227 Paradise S, Leesburg, FL 34788
      View Details
    • Contact for pricing

      Retail Space Near Lake Square

      Retail property with high visibility on US Highway 441.
      10300 Us Highway 441, Leesburg, FL 34788
      View Details
    • $1,850,000

      Leesburg Specialty Property For Sale

      Specialty property available for purchase in Leesburg, Florida.
      9915 County Road 44, Leesburg, FL 34788
      View Details

    Similar Nearby for Lease

    • $57,600

      Medical Professional Building on US Hwy

      3,600+/- SF medical professional building for lease on US Hwy
      9846 Us Highway 441, Leesburg, FL 34788
      View Details
    • $24,750

      Turnkey Medical/Professional Office Space

      Turnkey medical/professional office space for lease in Leesburg, Florida.
      33049 Professional Dr, Leesburg, FL 34788
      View Details
    • $24,750

      Turnkey Medical/Professional Office Space

      Turnkey medical/professional office space for lease in Leesburg, Florida.
      33049 Professional Dr, Leesburg, FL 34788
      View Details
    • Contact for pricing
      200 SF

      Retail Space in Growing Leesburg

      Retail space available in rapidly growing Leesburg, Florida.
      10401 Us Highway 441, Leesburg, FL 34788
      View Details
    • Contact for pricing
      137,814 SF

      Shoppes of Lake Village Retail Space

      Leesburg, FL Shopping Center - Spaces Available
      10601 Us Highway 441, Leesburg, FL 34788
      View Details
    • Contact for pricing

      Commercial Land For Lease

      Commercial land available for ground lease or build to suit.
      9745 Silver Lake Dr, Leesburg, FL 34788
      View Details

    Property Visit Statistics

    • Visits by month
      20.2k
    • Visitors by month
      11.9k
    • Avg Time on site
      12 min
    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.
    32629 Blossom Ln
    Leesburg, FL 34788-3907
    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.