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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    390 W Burleigh Blvd, Unit 332 Tavares, FL 32778

    • Community centers
    • 14,520 SF
    • 0.90 lot acres
    For Lease
    View listing
    $21,000
    Last Sale
    May 26, 2024
    Value Estimations
    $2,440,000
    Cap Rate Potential
    9%
    Community centers
    Location Intelligence
    Property ID
    US18-3033617
    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

    • Jam Grill Restaurant & Lounge LLC / Restaurant
    • Southern Spice Fusion Indian Food / Restaurant
    • Angel's Soul Food & BBQ / Restaurant

    Property Details for 390 W Burleigh Blvd

    Year built
    1986
    Construction
    WOOD FRAME
    Lot size
    0.90 lot acres
    Property size
    14,520 SF
    Property type
    Community centers
    APN
    29-19-26-0700-000-00009
    APU
    291926070000000009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,530,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,396,000
      Market price range: $1.37M - $8.76M
      AI Estimate
      $2,396,000
      Market price range: $1.37M - $8.76M

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

    Location Insight

    • Map
    • Local Demand
    City
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.731
    Latitude
    28.8115
    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
    $22,804
    $0.00
    $0.00
    $1,187,867
    -
    $364,761
    $823,106
    $1,187,867

    Comparable in this City

    • Value Estimation
      $7,525,000
      17,069 SF

      1990 State Rd 19

      MINI-MALL • 17,069 SF
      1990 State Rd 19, Tavares, FL 32778-4236
      View Details
    • Value Estimation
      $5,850,000
      44,939 SF

      365 Burleigh Blvd

      MINI-MALL • 44,939 SF
      365 Burleigh Blvd, Tavares, FL 32778-2201
      View Details
    • Value Estimation
      $8,240,000
      68,015 SF

      432 Burleigh Blvd

      MINI-MALL • 68,015 SF
      432 Burleigh Blvd, Tavares, FL 32778-5257
      View Details
    • Value Estimation
      $2,835,000
      22,860 SF

      500 Duncan Dr

      MINI-MALL • 22,860 SF
      500 Duncan Dr, Tavares, FL 32778-4146
      View Details
    • Value Estimation
      $3,785,000
      16,632 SF

      11433 Us Hwy 441

      MINI-MALL • 16,632 SF
      11433 Us Hwy 441, Tavares, FL 32778-4632
      View Details
    • Value Estimation
      $5,310,000
      42,529 SF

      4117 County Rd 561

      MINI-MALL • 42,529 SF
      4117 County Rd 561, Tavares, FL 32778-9371
      View Details

    Similar Nearby for Sale

    • $620,000
      1,884 SF

      Tavares Retail Building - High Traffic

      Prime Retail Space, High Visibility, Ample Parking
      11203 Us Highway 441, Tavares, FL 32778
      View Details
    • $356,500
      2,048 SF

      and the seller will not be fixing it. With some TLC

      this property presents a great opportunity. There is also an option to purchase this lot or all five available properties in total at a bulk price. Inquire for more information. Envision your business thriving in this vibrant community setting where old-world charm meets modern convenience. Contact us today to schedule a private tour and explore the potential of 113 E Main St. Your next chapter of success begins here.""""}"""
      113 Main St, Tavares, FL 32778
      View Details
    • $799,000

      Retail Buildings on Highway 441

      Two retail buildings on a high-traffic highway, ideal for investment.
      11145 Us Highway 441, Tavares, FL 32778
      View Details
    • $499,000
      1,662 SF

      Downtown Tavares Mixed-Use Investment Property

      Two-unit mixed-use building in historic downtown Tavares, fully occupied.
      107 W Main St, Tavares, FL 32778
      View Details
    • $990,000
      6,183 SF

      Retail and Office Investment Property

      Retail and office property on 0.90 acres in Lake County.
      100 W Burleigh Blvd, Tavares, FL 32778
      View Details
    • Contact for pricing
      229,996 SF

      Prime Tavares Retail Opportunity

      Highway Commercial, Vacant, 230,000 SF
      0 Slim Haywood Ave, Tavares, FL 32778
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      42,529 SF

      Southridge Shoppes: Tavares Retail Center

      Prime Tavares retail space, multiple units available.
      4117 County Road 561, Tavares, FL 32778
      View Details
    • $21,000

      Retail Space Available For Rent

      Retail space for rent at $11 in Tavares, FL.
      390 W Burleigh Blvd, Tavares, FL 32778
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space For Lease

      Retail space available in growing residential market.
      4101-4215 County Road 561, Tavares, FL 32778
      View Details
    • $56,000

      Retail Space Available For Rent

      Retail space available for lease at $11 per square foot.
      324 W Burleigh Blvd, Tavares, FL 32778
      View Details
    • Contact for pricing
      20,377 SF

      Retail Space on Hwy-441

      Retail space on a primary commercial corridor with high visibility.
      365 E Burleigh Blvd, Tavares, FL 32778
      View Details
    • Contact for pricing
      45,302 SF

      Prime Tavares Commercial Land

      High-traffic corner lot, build-to-suit option.
      1293 Duncan Dr, Tavares, FL 32778
      View Details
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    Tavares, FL 32778
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    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
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