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

    32713 County Rd 473 Leesburg, FL 34788-8856

    • Retail space
    • 5,376 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    $1,160,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-6404409
    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

    • The Pharmacist, Inc / Pharmacy / Nurse Practitioner
    • The Corkrean Clinic for Health and Wellness / Medical Clinic

    Property Details for 32713 County Rd 473

    Year built
    2018
    Construction
    CONCRETE BLOCKS
    Lot size
    1.69 lot acres
    Property size
    5,376 SF
    Property type
    Retail space
    APN
    24-19-25-0002-000-02300
    APU
    241925000200002300

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,161,000
      Market price range: $496k - $1.16M
      AI Estimate
      $1,161,000
      Market price range: $496k - $1.16M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $745,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,580,000
      Change: +111% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,255,000
      Change: +68% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,070,000
      Change: +43% Conversion: Easy
      OFFICE BUILDING
      $805,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Leesburg
    County
    Lake
    State
    Florida
    Longitude
    -81.7741
    Latitude
    28.8259
    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
    $15,487
    $0.00
    $0.00
    $944,325
    -
    $146,543
    $797,782
    $944,325

    Comparable in this City

    • Value Estimation
      $3,390,000
      23,500 SF

      10600 Us Hwy 441

      RETAIL STORES (PERSONAL SERVICES) • 23,500 SF
      10600 Us Hwy 441, Leesburg, FL 34788-7221
      View Details
    • Value Estimation
      $905,000
      4,200 SF

      10123 Us Hwy 441

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      10123 Us Hwy 441, Leesburg, FL 34788-3952
      View Details
    • Value Estimation by Request
      1,500 SF

      32244 County Rd 473

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      32244 County Rd 473, Leesburg, FL 34788-8882
      View Details
    • Value Estimation by Request
      53,312 SF

      8345 Us Hwy 441

      RETAIL STORES (PERSONAL SERVICES) • 53,312 SF
      8345 Us Hwy 441, Leesburg, FL 34788-8248
      View Details
    • Value Estimation
      $1,320,000
      12,342 SF

      8520 Us Hwy 441

      RETAIL STORES (PERSONAL SERVICES) • 12,342 SF
      8520 Us Hwy 441, Leesburg, FL 34788-4017
      View Details
    • Value Estimation
      $1,595,000
      8,030 SF

      8319 County Rd 44th Leg A A

      RETAIL STORES (PERSONAL SERVICES) • 8,030 SF
      8319 County Rd 44th Leg A A, Leesburg, FL 34788-3706
      View Details

    Similar Nearby for Sale

    • $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
    • 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
    • $48,000

      Leesburg FL Multifamily Land Investment

      Prime 6,969 SF Multifamily Land
      246 Kelou Ct, Leesburg, FL 34788
      View Details
    • $103,000
      0.22 Acres

      Waterfront Land Near Harris Chain

      Waterfront land with canal access to the Harris Chain of Lakes.
      Pine Island Dr, Leesburg, FL 34788
      View Details
    • $750,000
      14.60 Acres

      14.6 Acres Leesburg Land

      14.6-acre property with existing home, barns, and utilities.
      11001 Moon Crest 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

    Similar Nearby for Lease

    • 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
      1,750 SF

      Retail Space Anchored by Publix

      Retail space available in Leesburg, Florida, anchored by Publix.
      10601 Us Highway 441, Leesburg, FL 34788
      View Details
    • $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
    • 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
    • $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
    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.
    32713 County Rd 473
    Leesburg, FL 34788-8856
    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.