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4117 County Road 561 Tavares, FL 32778

Community centers Google Maps
42,529 SF 6.39 ac lot Built 1997
Entity Owned 4-yr Hold ~ Est. High Equity
Estimated value (blended)
$3.01M
Range $2.70M – $3.31M (±10%)
Property ID US18-2806177

Property summary

AI-generated overview

Southridge Shoppes, located at 4117 County Rd 561 in Tavares, Florida (zip code 32778), presents a compelling retail investment opportunity. This shopping center encompasses a total of 42,529 square feet situated on a 6.39-acre lot in Lake County. Currently, there are multiple spaces available, offering flexible options for prospective tenants. Individual units range from a minimum of 1,500 square feet to a maximum contiguous space of 25,000 square feet, catering to a variety of business needs and scales. A significant amount of space is currently vacant, totaling 49,500 square feet, presenting a unique chance to establish a strong presence within this established center. The property's classification as a shopping center with multiple tenancies suggests a vibrant and diverse retail environment. This location in Tavares, Florida offers excellent access and visibility, making it an attractive proposition for businesses seeking a foothold in a growing market. The property's size and layout provide ample opportunity for expansion or customization to suit specific business requirements. Interested parties are encouraged to explore this exceptional retail space.

Property profile

Verified
Property type Community centers
Use group MINI-MALL
Year built 1997
Construction WOOD FRAME
Total area 42,529 SF
Lot 6.39 ac (278,348 SF)
APN 08-20-26-0505-000-02200
UPID US18-2806177

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.88M
Blend (final) Blend
$3.01M

Owner & transaction history

since 2022
Last sale
$3.5M
5 recorded transactions
2022
$3.5M
2020
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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