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947 Myers Blvd Mascotte, FL 34753-9506

OFF-MARKET Retail space Google Maps
5,278 SF 0.55 ac lot Built 1960
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$595k
Range $536k – $655k (±10%)
Property ID US18-4506048

Property summary

AI-generated overview

This exceptional 5,278-square-foot retail space, located at 947 E Myers Blvd in Mascotte, Florida, presents a unique investment opportunity. Currently vacant and ready for immediate occupancy, the property offers a single-story building constructed in 1960, situated on a 0.46-acre lot. The building's permitted zoning is CG, allowing for a variety of commercial uses, making it ideal for a bar, restaurant, or storefront operation. The spacious interior provides ample room for customization to suit any business needs. With a lease commencement date of September 12, 2023, this property offers immediate access to a thriving market. The property's location in Lake County, Florida, provides excellent visibility and accessibility, ensuring high foot traffic and potential for significant returns. The single-unit building is in excellent condition and ready for a new tenant to transform it into a successful venture. This is a rare opportunity to acquire a well-located, versatile commercial property in a growing area. The property's size and zoning provide flexibility for a wide range of businesses, making it an attractive investment for both established companies and entrepreneurs. Don't miss this chance to secure a prime commercial space in Mascotte, Florida. The 34753 zip code offers easy access to major transportation routes and a strong local community.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Construction CONCRETE
Total area 5,278 SF
Lot 0.55 ac (23,958 SF)
APN 14-22-24-0200-005-01900
UPID US18-4506048

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
$595k
CAP Approach CAP
by Request
Comparable Approach Comparable
$577k
Blend (final) Blend
$595k

Owner & transaction history

since 2024
Last sale
$595,000
4 recorded transactions
2024
$595,000
2022
$325,000
2009
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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