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712 S 14Th St Leesburg, FL 34748

Outlet malls Google Maps
14,554 SF 1.19 ac lot Built 1960
Individually Owned 2-yr Hold ~ Est. High Equity
Estimated value (blended)
$1.35M
Range $1.21M – $1.48M (±10%)
Property ID US18-2756389

Property summary

AI-generated overview

This exceptional 2,573-square-foot office building, constructed in 2007, presents a fantastic owner-user opportunity. Located in Leesburg, Florida, this single-story building sits on a 0.02-acre lot and boasts convenient highway access. The property features ten parking spaces, a desirable C-3 zoning classification, and high ceilings throughout. The efficient floor plan includes six private offices, a conference room, a reception area, and a waiting room. Attractive common areas enhance the professional atmosphere. The building's prime location offers close proximity to a variety of amenities, including restaurants, hotels, and shopping centers. Its strategic position on Highway 27, just one block from Highway 44 and a mile and a half from Highway 441, ensures high visibility and easy accessibility. The building's quality construction and ample parking make it an ideal space for a variety of professional uses, including law offices, CPA firms, real estate agencies, financial advisory businesses, or engineering firms. The occupancy date is November 1, 2024. The property's address is 712 S 4th Street, Leesburg, FL 34748, with APN 26-19-24-0500-00A-02000. Charming furnishings are available for conveyance.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1960
Construction CONCRETE BLOCKS
Total area 14,554 SF
Lot 1.19 ac (51,836 SF)
APN 23-19-24-0003-000-10800
UPID US18-2756389

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Auto Parts Store
  • Restaurant
  • Marketing & Advertising IT Consulting Firm
  • Tax Preparation

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.34M
Blend (final) Blend
$1.35M

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2023
Price N/A
2012
$460,000
2012
Price N/A
2008
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $2.1M +3.8%

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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