Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    40850 PINE TREE LANE Eustis, FL 32736

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Land - EUSTIS, FL

    Lot size:
    0.15 Acres
    Added:
    May 27, 2025
    Days on Market:
    333
    Last Refresh:
    Apr 24 at 7:06 pm

    Property Features for 40850 PINE TREE LANE

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A
    Exterior features
    Corner Lot, Fencing
    Fencing
    Fenced
    Standard status
    Active
    APN
    09-18-29-0200-000-09700
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    185.47

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ravi Persad

    Listing agent Ravi Persad License #3358554

    Listing office LOKATION 20 N Orange Ave #1100, Pompano Beach, FL

    Listing date May 27, 2025

    MLS# O6312949 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.

    Overview

    EUSTIS, FL Corner Lot

    This corner lot in EUSTIS, FL, is suitable for building a home, mobile home, or manufactured home. A previous mobile home was demolished and removed from the property. Electricity was previously connected, and the electric pole and meter panel box remain on the property. There is a shared well with adjoining neighbors, but installing a private well is recommended. According to previous owners, a septic tank is located on the property, but this has not been confirmed. The lot size is 0.15 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Bar & Pub Grocery & Convenience Store Food Market Grocery & Convenience Store Garden Center Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.42466
    Latitude
    28.943413

    Nearby Similar for Sale

    • $779,900
      5,040 SF

      Versatile Flex/Warehouse Building in Eustis

      5,040 SF flex/warehouse building ideal for various business uses.
      1540 KURT STREET, EUSTIS, FL 32726
      View Details
    • $375,000
      3,021 SF

      Versatile Office Space in Eustis

      Office space with private parking near downtown Eustis, Florida.
      600 N EUSTIS STREET, EUSTIS, FL 32726
      View Details
    • $500,000
      1,950 SF

      Eustis Office Near AdventHealth Waterman

      Professional or medical office space in a convenient Eustis location.
      1318 S EUSTIS STREET, EUSTIS, FL 32726
      View Details
    • $490,000
      2,841 SF

      EUSTIS Quadplex Investment Opportunity

      Quadplex in Eustis historic district, 100% occupied, turnkey investment.
      422 E CITRUS AVENUE, EUSTIS, FL 32726
      View Details
    • $700,000

      EUSTIS Mixed-Use Commercial Land Opportunity

      Rare 1.64-acre mixed-use parcel near Mount Dora.
      GABLES DRIVE, EUSTIS, FL 32726
      View Details
    • $749,000
      4,066 SF

      Rehabbed 7-Unit Multifamily Property

      Stabilized 7-unit multifamily property with strong rental history.
      205 S GROVE STREET, EUSTIS, FL 32726
      View Details
    • $3,000,000
      17,240 SF

      Eustis Bank Building For Sale

      Spacious bank building in Eustis, perfect for multiple tenants.
      100 N BAY STREET, EUSTIS, FL 32726
      View Details
    • $490,000
      2,304 SF

      EUSTIS Quadplex with Storage Units

      Quadplex with four storage units in historic Eustis, Florida.
      426 E CITRUS AVENUE, EUSTIS, FL 32726
      View Details
    • $1,000,000
      998 SF

      EUSTIS, FL Investment Property

      Commercial property with redevelopment potential in EUSTIS, FL.
      200 S BAY STREET, EUSTIS, FL 32726
      View Details
    • $2,750,000
      25,000 SF

      EUSTIS Warehouse with Office Space

      25,000 SF warehouse with office on 8 acres.
      34135 CARDINAL LANE, EUSTIS, FL 32736
      View Details
    • $399,000

      EUSTIS, FL - 10 Acre Pasture

      10 acres of pasture, ideal for horses and rural lifestyle.
      WINTERWILLOW LANE, EUSTIS, FL 32736
      View Details
    • $313,200

      Secluded 5.4-Acre Country Property

      5.4 acres of serene country living near Orlando airport.
      STATE ROAD 44, EUSTIS, FL 32726
      View Details

    FAQs

    What type of property is this?
    Land - Corner lot suitable for a home, mobile, or manufactured home.
    Where is this land located?
    The property is located at 40850 PINE TREE LANE Eustis, FL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large corner lot suitable for building a home.; Zoned for mobile or manufactured homes.; Electricity previously connected; pole and meter panel box on property.
    (954) 545-5583
    We can help!
    Listing Contact
    Ravi Persad
    Real Estate License ID: 3358554
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!