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    The Largest CRE Database in the US with Over 1 Million Listings

    801 N Bay St Eustis, FL 32726

    Sponsored
    For Sale
    $840,000

    Office - EUSTIS, FL

    Type:Office
    Property size:
    3,158 SF
    Lot size:
    0.53 Acres
    Days on Market:
    17
    Last Refresh:
    Feb 19 at 1:06 pm

    Property Features for 801 N Bay St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active
    Security features
    Security System
    Zoning
    PI
    APN
    02-19-26-0300-00B-00100
    Exterior features
    Corner Lot
    Size
    3,158 SF
    Lot size
    0.53 Acres

    Utilities

    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1982
    Building materials
    Block, Stucco
    Roof type
    Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Trish Leisner
    Trish Leisner

    RealTeam Realty Inc (352) 267-6216

    Listing agent Trish Leisner (352) 267-6216 License #3185853

    Listing date Feb 3, 2026

    MLS# G5090269 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

    EUSTIS Medical Office For Sale

    This medical professional office is located directly on S US Hwy 19 (Bay Street) & E. Wilt Avenue, within the Eustis Central Business District. Situated on a half-acre lot, the property includes 21 parking spaces. The building was originally built in 1982 but underwent a major renovation in 2004; recent updates include a new roof in 2024 and AC units in 2023, with remodeling completed in 2022 encompassing flooring, and interior and exterior painting. The layout features a shared reception and front work area, with the back offices divided into two somewhat identical sides, presenting the option to occupy one side and lease out the other. Owner parking is located behind the building, and each unit has two separate metal doors for access and a security system. Additional features include a 2-car metal carport. The property benefits from easy access, situated on a corner with entry and exit points from Wilt Ave or directly on Bay Street. The back half of the building is designed identically, creating two offices, each with a consultation room, 3 exam rooms, a minor procedure room, a nurses station, a scale designated area, dressing areas, and 2 individual restrooms, including a back private entrance for the professional. Shared front areas include a staff lounge, work room, chart room laboratory, x-ray facilities, reception, waiting area, and ample storage. The property is in beautiful condition, offers plenty of parking, and is ready for one or more professionals.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    AdventHealth Medical Group ... Medical Clinic Linda Criswell, PA-C Physician Alicia Benjamin Pediatrician William Finlayson III, ... Physician Robert Martello, DO Pediatrician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Skin Care Clinic

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

    Similar Places Nearby

    Dr. Christine Cassidy (DVM), Merritt Animal Clinic, Shamrock Gregory K DVM, Vet Wellcare Vaccinations Clinic at Pet Supermarket, Martin James C DVM

    Location Insight

    • Map
    • Local Demand
    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.685505
    Latitude
    28.860765

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    FAQs

    What type of property is this?
    Medical office - Medical office building in Eustis Central Business District.
    Where is this medical office located?
    The property is located at 801 N Bay St Eustis, FL.
    What is the asking price?
    The asking price for this property is $840,000.
    What are key features of this property?
    This property features: - Prime location directly on S US Hwy 19 (Bay Street) in Eustis Central Business District with easy access from two streets (corner lot).; - Recent renovations: Re-Roof (2024), ACs (2023), Remodel including flooring and painting (2022).; - Ideal for owner-occupancy with potential rental income from the other identical office side.
    (352) 267-6216
    Request Owner's contact information
    801 N Bay 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
    801 N Bay St Eustis, FL 32726
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    We can help!
    Listing Contact
    Trish Leisner
    Trish Leisner
    Real Estate License ID: 3185853
    (352) 267-6216
    Learn more
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