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

    Nutmeg Ave Eustis, FL 32736

    View on Map
    Sponsored
    For Sale
    $150,000

    Land - EUSTIS, FL

    Lot size:
    2.00 Acres
    Days on Market:
    116
    Last Refresh:
    Mar 7 at 10:06 pm

    Property Features for Nutmeg Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-1
    APN
    36-17-28-0100-087-00200
    Pets allowed
    Yes
    Lot size
    2.00 Acres

    Utilities

    Water front features
    Pond, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Natthan Birkett

    Keller Williams Elite Partners III Realty (321) 527-5111

    Listing agent Natthan Birkett (321) 527-5111 License #3488755

    Listing date Nov 12, 2025

    MLS# G5096146 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

    Two Acre Parcel in EUSTIS

    This is a 2-acre parcel of land located on the northeast side of Nutmeg Avenue and Dahlia Avenue. It is the second parcel on the left. The property is zoned R-1. An additional adjoining 1-acre parcel is available on the corner of Dahlia and Nutmeg.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Eustis
    County
    Lake
    State
    Florida
    Longitude
    -81.4281839
    Latitude
    28.9570553

    Nearby Similar for Sale

    • $840,000
      3,158 SF

      EUSTIS Medical Office For Sale

      Medical office building in Eustis Central Business District.
      801 N Bay St, Eustis, FL 32726
      View Details
    • $249,999
      Pending

      Turnkey Salon with Real Estate

      Operating beauty salon with real estate for sale in EUSTIS.
      1430 Morin St, Eustis, FL 32726
      View Details
    • New
      $1,375,000
      8,000 SF

      EUSTIS Mixed-Use Income Property

      Fully leased mixed-use property in Eustis, Florida, generating income.
      3101 Kurt St, Eustis, FL 32726
      View Details
    • $2,700,000
      26,776 SF

      EUSTIS Retail Property For Sale

      28,081 SF retail property on high-visibility corner.
      349 Plaza Dr, Eustis, FL 32726
      View Details
    • New
      $500,000
      1,950 SF

      Eustis Office Building For Sale

      Professional or medical office in a highly convenient Eustis setting.
      1318 S Eustis St, Eustis, FL 32726
      View Details
    • $440,000
      3,021 SF

      Versatile Office Space in Eustis

      Adaptable office space with private parking near downtown Eustis.
      600 N Eustis St, Eustis, FL 32726
      View Details
    • New
      $383,000
      1,798 SF

      EUSTIS Duplex Corner Unit

      Cash flowing, remodeled duplex with modern amenities and convenient location.
      414 Jennifer Ln, 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 Ave, Eustis, FL 32726
      View Details
    • $490,000
      Pending

      EUSTIS Quadplex with Storage Units

      Turnkey investment opportunity: quadplex plus four storage rental units.
      426 E Citrus Ave, Eustis, FL 32726
      View Details
    • $329,900
      2,477 SF

      EUSTIS Duplex: Income Opportunity

      Income-producing duplex near downtown Eustis, offering strong cash flow.
      206 Osceola Ave, Eustis, FL 32726
      View Details
    • $1,250,000
      2,310 SF

      EUSTIS Agriculture Property on 9 Acres

      9 acres with greenhouses, residence, and highway frontage.
      20900 State Road 44, Eustis, FL 32736
      View Details
    • $749,000
      4,066 SF

      Rehabbed 7-Unit Multifamily Property

      Stabilized 7-unit multifamily property with strong rental history.
      205 S Grove St, Eustis, FL 32726
      View Details

    FAQs

    What type of property is this?
    Land - Two acre parcel located on Nutmeg Avenue in EUSTIS, FL.
    Where is this land located?
    The property is located at Nutmeg Ave Eustis, FL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - 2-acre parcel size offers ample space.; - Waterfront property with a pond.; - Additional adjoining 1-acre parcel available for purchase.
    (561) 906-0665
    Request Owner's contact information
    Nutmeg Ave Eustis, FL 32736
    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.
    Nutmeg Ave
    Eustis, FL 32736
    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
    Nutmeg Ave Eustis, FL 32736
    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

    We can help!
    Listing Contact
    Natthan Birkett
    Real Estate License ID: 3488755
    (561) 906-0665 (321) 527-5111
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!