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    1540 Kurt St Eustis, FL 32726

    View on Map
    Sponsored
    For Sale
    $789,900

    Warehouse - EUSTIS, FL

    Type:Single Family Residence
    Property size:
    2,840 SF
    Lot size:
    0.38 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 11 at 4:06 pm

    Property Features for 1540 Kurt St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    Zoning
    LM
    APN
    15-19-26-0001-000-00900
    Exterior features
    Corner Lot
    Size
    2,840 SF
    Lot size
    0.38 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1976
    Flooring type
    Concrete
    Building materials
    Frame, Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    Logan Wilson
    Logan Wilson

    RLW Realty (352) 771-2560

    Listing agent Logan Wilson (352) 771-2560 License #3248440

    Listing date Mar 11, 2026

    MLS# G5109424 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Versatile Flex/Warehouse Building in Eustis

    This well-located flex/warehouse building offers a versatile layout suitable for service, light manufacturing, automotive, contractor, or distribution uses. Constructed in 1976, the fully insulated building provides a total of 5,040 square feet with a functional mix of warehouse, conditioned workspace, and office area. The configuration includes approximately 1,500 square feet of non-HVAC warehouse space, 2,840 square feet of climate-controlled workspace, and a 700 square foot air-conditioned office area. The building features two 10' x 10' bay doors and 12-foot ceilings, facilitating efficient loading and workflow. Situated on a 0.38-acre parcel with 10 striped parking spaces, the property is served by a septic system and located in unincorporated Lake County, operating under Light Manufacturing Zoning. Positioned along a corridor with over 8,000 vehicles per day, the site benefits from excellent visibility and accessibility. This property presents an excellent opportunity for businesses seeking a functional facility in the growing Eustis / Lake County market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fix To Flip Consultant Anders Capital Group Bank

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.692174
    Latitude
    28.83854

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    FAQs

    What type of property is this?
    Flex space - 5,040 SF flex/warehouse building ideal for various business uses.
    Where is this flex space located?
    The property is located at 1540 Kurt St Eustis, FL.
    What is the asking price?
    The asking price for this property is $789,900.
    What are key features of this property?
    This property features: - Versatile 5,040 sq ft flex/warehouse space suitable for various uses.; - Functional layout with **1,500 sq ft of warehouse**, **2,840 sq ft of climate-controlled workspace**, and 700 sq ft of air-conditioned office.; - Excellent visibility and accessibility on a corridor with over 8,000 vehicles per day.
    (352) 771-2560
    Request Owner's contact information
    1540 Kurt St Eustis, FL 32726
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    Eustis, FL 32726
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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
    1540 Kurt St Eustis, FL 32726
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    We can help!
    Listing Contact
    Logan Wilson
    Logan Wilson
    Real Estate License ID: 3248440
    (352) 771-2560
    Learn more
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