Medical Office with Reception
For Sale
$500,000
1318 S EUSTIS Street, Eustis, FL 32726
Commercial Sale, EUSTIS, FL
Property Size1,950 SF
Lot Size0.30 Acres
Price / SF$256.41
Days on Market205
Property Features for 1318 S EUSTIS Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
RT
Subdivision
EUSTIS BISHOPS SUB
Directions
From West bound US-441, head west on US-441 N. Slight right to merge onto FL-19 N/S Bay St. toward Eustis/Umatilla. Then turn right onto E Atwater Ave, and finally turn left onto S Eustis St and your destination will be on the left.
Standard status
Active
APN
14-19-26-0400-016-00502
Size
1,950 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
EUSTIS BISHOP'S SUB PB 2 PG 4 THE EAST 90 FEET OF LOTS 5 & 6 AND LOTS 7 & 8--LESS W 25 FT--BLK 16 ORB 2185 PG 1393
Tax Annual Amount
6251
Legal Description
EUSTIS BISHOP'S SUB PB 2 PG 4 THE EAST 90 FEET OF LOTS 5 & 6 AND LOTS 7 & 8--LESS W 25 FT--BLK 16 ORB 2185 PG 1393
Utilities
Cooling system
Central Air
Building Details
Year built
1995
Floors in Building
1
Building materials
Block, Stucco
Roof type
Metal
Additional Structures
Storage
Listing Agency:
EXP REALTY LLC
(888) 883-8509
Listed By:
Meredith Findley · License #3638884
(352) 217-4724
Added: Feb 24
Changed: Aug 26
Last Checked: Sep 17 at 9:06AM
MLS# G5108980
Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This medical office property includes a reception and waiting area, multiple offices, updated flooring, and large windows that bring natural light into the interior. The building was constructed in 1995 with block and stucco exterior walls and a metal roof. Central air supports the interior environment, while city utilities serve the property.
The 0.3-acre site is within city limits on a paved street and includes dedicated on-site parking. Other established businesses are located nearby, and AdventHealth Waterman is a short drive away. RT zoning is identified for the property.
The 0.3-acre site is within city limits on a paved street and includes dedicated on-site parking. Other established businesses are located nearby, and AdventHealth Waterman is a short drive away. RT zoning is identified for the property.
Key Highlights
- 0.3‑acre medical office property within city limits
- Built in 1995 with block and stucco construction
- Metal roof and central air
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$29,133
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,660
$582.7K
Cap Rate 7%
$416,186
$416.2K
Cap Rate 9%
$323,700
$323.7K
Market Conditions
NOI Build-Up for 1,950 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.8K $24.00/SF
− Vacancy
−$8.0K −$4.08/SF
EGI
$38.8K $19.92/SF
− OpEx
−$9.7K −$4.98/SF
NOI
$29.1K $14.94/SF
Area
Lake County, FL
Vacancy
17.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$582,660
Cap Rate 7%
$416,186
Cap Rate 9%
$323,700
Alternative Uses
Best Use
Office B
$416.2K
$364.2K – $485.6K
NOI $29,133 @ 7.0% cap · market cap 5.83%
Second Best
Healthcare Medical
$397.1K
$347.5K – $463.3K
NOI $27,799 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$554.9K
$485.6K – $647.4K
NOI $38,844 @ 7.0% cap · market cap 7.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
507
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 32726, FL
23,012
Population
11,168
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
88%
High-School Grad
11.5 sq mi
ZIP Area
2,001
Density / Sq Mi
$60,750
Median Household Income
$37,197
Median Earnings
$1,027
Median Rent
$230,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Established medical office setting with multiple private offices, city utilities, on-site parking, and a reception area with large windows.
Where is this medical office space located?
The property is located at 1318 S EUSTIS Street Eustis, FL.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 0.3‑acre medical office property within city limits; Built in 1995 with block and stucco construction; Metal roof and central air
