Entitled Warehouse Development
00 E COUNTY ROAD 44A Eustis, FL 32726
New
00 E COUNTY ROAD 44A, Eustis, FL, 32726
$850,000
For Sale
$850,000
Entitled site with two metal warehouses featuring roll-up doors and a site plan allowing up to 14 buildings.
Property Size4,000 SF
Lot Size2.90 Acres
Price / SF$212.50
Days on Market3
Property Features for 00 E COUNTY ROAD 44A
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Lot size
- 2.90 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2018
Listing Agency
GLASBRIDGE LLC
(407) 925-9255
Listed by
Alan Lilly · License #3036433
(407) 925-9255
Source
Elliman
Added: Jul 19 Updated: Jul 20 at 4:01 am Checked: Jul 20 at 4:01 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLASBRIDGE LLC
Investment Insights
Based on property information with market context.
This entitled development site currently includes two metal warehouses totaling 4,000 square feet, with roll-up doors and single entry doors. The property is supported by an approved site plan and has a fully approved developers agreement in place, with the plan allowing for up to 14 buildings. The current offering contemplates bringing the development through to completion based on the approved site plan.
The development is described as located in an area where over 950 homes and additional retail are planned and being built. The property is also noted to be next to a separate 10-acre parcel for sale that is approved for retail, hospitality, and professional development.
The seller indicates an interest-only private mortgage may be available, with terms and conditions disclosed at the time of offer.
The development is described as located in an area where over 950 homes and additional retail are planned and being built. The property is also noted to be next to a separate 10-acre parcel for sale that is approved for retail, hospitality, and professional development.
The seller indicates an interest-only private mortgage may be available, with terms and conditions disclosed at the time of offer.
Key Highlights
- Entitled development with an approved site plan allowing up to 14 buildings
- Two existing metal warehouses totaling 4,000 SF: 2,500 SF and 1,500 SF
- 2.9‑acre property with roll‑up doors and single entry doors
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.0k | $8.76 |
| − Vacancy | −$3.1k | −$0.78 |
| EGI | $31.9k | $7.98 |
| − OpEx | −$4.8k | −$1.20 |
| NOI | $27.1k | $6.78 |
4,000 SF · lease $8.76/SF/yr · vacancy 8.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$387.6K
$339.2K – $452.2K
NOI $27,133 @ 7.0% cap · market cap 3.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$996.0K – $1.33M
NOI $79,680 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - Entitled site with two metal warehouses featuring roll-up doors and a site plan allowing up to 14 buildings.
Where is this warehouse located?
The property is located at 00 E COUNTY ROAD 44A Eustis, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Entitled development with an approved site plan allowing up to 14 buildings; Two existing metal warehouses totaling 4,000 SF: 2,500 SF and 1,500 SF; 2.9‑acre property with roll‑up doors and single entry doors
