Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    35 Acres on SR 19 Title is generated by Realmo AI

    28432 S EICHELBERGER ROAD, Tavares, FL 32778

    View on Map
    Claim this Listing
    For Sale
    $13,650,000

    Land - TAVARES, FL

    Lot size:
    35.07 Acres
    Added:
    Dec 6, 2023
    Days on Market:
    886
    Last Refresh:
    May 10 at 7:06 am

    Property Features for 28432 S EICHELBERGER ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A
    Standard status
    Active
    APN
    01-20-25-0400-025-00000
    Lot size
    35.07 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    3486.58

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Andrey Bustamante
    Andrey Bustamante

    Listing agent Andrey Bustamante License #3136794

    Listing office BUSTAMANTE REAL ESTATE INC 400 N Mills Ave, ORLANDO, FL

    Listing date Dec 6, 2023

    MLS# O6161840 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.

    HighLights

    • 35+ Acres of High and Dry Land on SR 19
    • No HOA: Endless Development Possibilities (Residential/Commercial)
    • Proximity to Harris Chain of Lakes (Bass Fishing)
    • Located Near New Housing Developments and Publix
    • Close to Mike Stone Soccer Complex
    • Less Than One Hour to Downtown Orlando

    Overview

    This is a rare opportunity to own just over 35 acres of high and dry land right on SR 19. The property consists of 4 contiguous parcels totaling 35.07 acres. With no HOA, the land offers possibilities for residential development, commercial development with a zoning change application, or a family compound. The property is located right off the Harris Chain of Lakes. There are several new housing developments in the area, a Publix just over a mile away at the Tavares Crossroads, and the Mike Stone Soccer Complex that spans over 13 acres with 6 soccer fields. The area is experiencing growth and commercial development. Located less than an hour away from Downtown Orlando, this area is growing fast.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Dental Office Hotel & Motel Gym & Fitness Center Department Store Garden Center Discount Store Travel Agency Nursing Home

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

    Location Insight

    • Map
    • Local Demand
    City
    Tavares
    County
    Lake
    State
    Florida
    Longitude
    -81.756591
    Latitude
    28.760974

    Nearby Similar for Sale

    • $374,900
      2,549 SF

      TAVARES Triplex Investment Opportunity

      Income-producing triplex with upside potential in a growing area.
      708 N SAINT CLAIR ABRAMS AVENUE, TAVARES, FL 32778
      View Details
    • $1,200,000

      Downtown Tavares Office Building For Sale

      8,500 sq ft office building in downtown Tavares.
      131 W MAIN STREET, TAVARES, FL 32778
      View Details
    • $995,000
      3,700 SF

      Office Building on Highway 441

      Office building in Tavares with high visibility and ample parking.
      205 E BURLEIGH Blvd, Tavares, FL 32778
      View Details
    • $979,000

      Lake Harris Waterfront Land Opportunity

      2.79 acres with 230 feet of direct waterfront.
      31035 COVE ROAD, TAVARES, FL 32778
      View Details
    • $799,000
      4,500 SF

      Downtown Tavares Mixed-Use Opportunity

      Versatile mixed-use building in downtown Tavares, suitable for various uses.
      227 E MAIN St, Tavares, FL 32778
      View Details
    • $235,000

      Lakefront Homesite on Chain of Lakes

      Buildable homesite with deeded lakefront access on Lake Eustis.
      3231 LANDING VIEW, TAVARES, FL 32778
      View Details
    • $235,000

      Lake Eustis Buildable Homesite

      Rare homesite with deeded lakefront access on Lake Eustis.
      3225 LANDING VIEW, TAVARES, FL 32778
      View Details
    • $310,000

      Lakefront Homesite on Lake Dora

      Waterfront lot on Lake Dora, minutes from downtown Tavares.
      1629 SUNSHINE LANE, TAVARES, FL 32778
      View Details
    • $500,000
      2,070 SF

      Waterfront Commercial Property on Chain

      Waterfront commercial property with redevelopment potential on the Chain of Lakes.
      1050 W BURLEIGH BOULEVARD, TAVARES, FL 32778
      View Details
    • $65,000

      TAVARES, FL Buildable Lot

      1.02-acre buildable lot near Lake Dora.
      MILL POND ROAD, TAVARES, FL 32778
      View Details
    • $190,000

      Residential Land in Gated Community

      Land in exclusive gated community with golf and boating.
      LIVE OAK DRIVE, TAVARES, FL 32778
      View Details
    • $3,900,000

      TAVARES, FL Development Opportunity

      18.5 acres of commercial land with road frontage.
      W. BURLEIGH BOULEVARD, TAVARES, FL 32778
      View Details

    FAQs

    What type of property is this?
    Land - 35+ acres on SR 19, endless possibilities, great location!
    Where is this land located?
    The property is located at 28432 S EICHELBERGER ROAD Tavares, FL.
    What is the asking price?
    The asking price for this property is $13,650,000.
    What are key features of this property?
    This property features: 35+ Acres of High and Dry Land on SR 19; No HOA: Endless Development Possibilities (Residential/Commercial); Proximity to Harris Chain of Lakes (Bass Fishing)
    (407) 857-5900
    We can help!
    Listing Contact
    Andrey Bustamante
    Andrey Bustamante
    Real Estate License ID: 3136794
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    28432 S EICHELBERGER ROAD, TAVARES, FL 32778
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!