Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

697 Anderson Rd Groveland, FL 34736-2900

  • Retail space
  • 1,657 SF
  • 0.44 lot acres
OFF-MARKET
Value Estimation
$270,000
Last Sale
Jan 29, 2021
$235,000
Location Intelligence
Property ID
US18-8721203
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

  • Retail space

Property Details for 697 Anderson Rd

Year built
1987
Construction
WOOD FRAME
Lot size
0.44 lot acres
Property size
1,657 SF
Property type
Retail space
APN
24-22-24-1100-116-00600
APU
242224110011600600

Description

This exceptional owner-user retail property, located at 697 Anderson Rd, Groveland, FL 34736, presents a compelling investment opportunity in one of Florida's fastest-growing cities. The 1,161 square foot free-standing building sits on a 0.44-acre lot and boasts a prime location on Highway 33 South, less than half a mile from Highway 50, ensuring high visibility and accessibility. Built in 1987 and extensively renovated in 2021, the property features fresh pavement, new paint, and attractive landscaping. The C-2 zoning allows for a variety of commercial uses. The building's asking price is $428,000, translating to $368.65 per square foot. Groveland's remarkable population growth of 88.4% over the past decade, coupled with its strategic location in the path of westward expansion from Orlando, makes this a rare opportunity to capitalize on a thriving market. Highway 50's daily traffic count of 30,000 vehicles further underscores the property's exceptional potential. The property's single-story design and ample lot size offer flexibility for future expansion or development. This is an ideal investment for owner-users seeking a well-maintained, high-visibility location in a rapidly expanding market. The property's APN is 2813202.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $255,000
  • CAP approach

    CAP return
    Estimation
    6%
    $295,000
    6.5%
    $265,000
    7%
    $270,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $310,000
    Geo Method
    $270,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $320,000
    Retail
    $340,000
    Mixed-Use
    $360,000
    Hospitality
    $320,000
    Educational
    $355,000
    Residential Income
    $295,000
    Energy
    $275,000
    Income-Based Land
    $280,000
    Food Service
    $290,000

Location Insight

  • Map
  • Local Demand
City
Groveland
County
Lake
State
Florida
Longitude
-81.852
Latitude
28.5511
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
$3,644
$0.00
$0.00
$190,196
-
$63,831
$126,365
$190,196
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