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    Property profile & analytics

    902 Avenida Central Lady Lake, FL 32159-5703

    • Office buildings
    • 3,000 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimations
    $1,055,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US18-4375478
    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

    • Lake County Property Appraiser - Lady Lake Branch / County Government Office
    • Lake County Clerk of Court - North Lake Branch Office / County Government Office

    Property Details for 902 Avenida Central

    Year built
    1999
    Construction
    WOOD FRAME
    Lot size
    1.60 lot acres
    Property size
    3,000 SF
    Property type
    Office buildings
    APN
    06-18-24-3000-000-00V00
    APU
    061824300000000V00

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,083,000
      Market price range: $776k - $1.08M
      AI Estimate
      $1,021,000
      Market price range: $335k - $1.02M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $925,000
      Current use
      COMMERCIAL (GENERAL)
      $1,045,000
      Change: +13% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $880,000
      Change: -5% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Lady Lake
    County
    Lake
    State
    Florida
    Longitude
    -81.9429
    Latitude
    28.935
    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
    $22,070
    $0.00
    $0.00
    $1,232,795
    -
    $556,896
    $675,899
    $1,232,795

    Comparable in this City

    • Value Estimation
      $500,000
      1,512 SF

      929 Us Hwy 27441

      PROFESSIONAL BUILDING • 1,512 SF
      929 Us Hwy 27441, Lady Lake, FL 32159-3001
      View Details
    • Value Estimation
      $5,150,000
      30,216 SF

      8550 138th Ln

      PROFESSIONAL BUILDING • 30,216 SF
      8550 138th Ln, Lady Lake, FL 32159-8957
      View Details
    • Value Estimation
      $580,000
      1,650 SF

      40840 County Rd 25

      OFFICE BUILDING • 1,650 SF
      40840 County Rd 25, Lady Lake, FL 32159-2514
      View Details
    • Value Estimation
      $3,285,000
      12,758 SF

      1560 Santa Barbara Blvd

      PROFESSIONAL BUILDING • 12,758 SF
      1560 Santa Barbara Blvd, Lady Lake, FL 32159-6819
      View Details
    • Value Estimation by Request
      928 SF

      918 Rolling Acres Rd

      PROFESSIONAL BUILDING • 928 SF
      918 Rolling Acres Rd, Lady Lake, FL 32159-5027
      View Details
    • Value Estimation by Request
      1,400 SF

      918 Rolling Acres Rd

      PROFESSIONAL BUILDING • 1,400 SF
      918 Rolling Acres Rd, Lady Lake, FL 32159-5027
      View Details

    Similar Nearby for Sale

    • $260,000
      Pending

      Lady Lake Office Near US-441

      Office space in Lady Lake near The Villages Community.
      918 Rolling Acres Rd, Lady Lake, FL 32159
      View Details
    • Contact for pricing
      1,920 SF

      Medical Office in Lady Lake

      Fully leased medical office space in a prime location.
      781 County Road 466, Lady Lake, FL 32159
      View Details
    • $1,300,000
      3,700 SF

      Luxurious Medical Suite in Lady Lake

      Move-in-ready medical suite with high-end finishes and flexible layout.
      809 County Road 466, Lady Lake, FL 32159
      View Details
    • Contact for pricing
      1,920 SF

      Medical Office Investment Opportunity

      Leased medical office in growing area near The Villages.
      737 Highway 466, Lady Lake, FL 32159
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Stand-Alone Commercial Building For Lease

      2,500 SF stand-alone commercial building with high visibility.
      126 Us Highway 441, Lady Lake, FL 32159
      View Details
    • $30 SF/Yr
      4,932 SF

      Medical Office in The Villages

      Turnkey medical office building on UF Health Spanish Plaines campus.
      1400 N Us Highway 441, Lady Lake, FL 32159
      View Details
    • Contact for pricing

      Medical/Office Building in The Villages

      Standalone medical/office building in a high-traffic location.
      1503 Buenos Aires Blvd, The Villages, FL 32159
      View Details
    • $6,000 /Mo
      2,570 SF

      High Visibility Lady Lake Office

      2,500 sqft commercial building with high traffic exposure.
      126 N Us Hwy 27, Lady Lake, FL 32159
      View Details
    • Contact for pricing

      High-Visibility Retail/Office Space Available

      Newly completed building with high traffic exposure in The Villages.
      13922 Us Highway 441, Lady Lake, FL 32159
      View Details
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    Lady Lake, FL 32159-5703
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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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