Renovated Medical/Professional Building on
901 N Grove St / Sr 19, Eustis, FL 32726
Renovated medical/professional building with high visibility and solar power.
Type:Mixed Use
Property size:
4,665 SFPrice / SF:
$235/SF- Added:
- Sep 15, 2024
- Days on Market:
- 625
- Last Refresh:
- May 13 at 8:26 pm
Property Features for 901 N Grove St / Sr 19
General Information
- Standard status
- Active
- Size
- 4,665 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1977
Listing agent Jim Richardson
Listing office ERA GRIZZARD REAL ESTATE (352) 787-6966
Listing date Sep 15, 2024
Source Xome
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 ERA GRIZZARD REAL ESTATE
HighLights
- Ideal for medical/professional use with 4,534 SF, featuring 10 exam rooms, private offices, and treatment areas.
- Recently renovated (2022) with a new roof, new A/C units, ceramic tile flooring, and updated interior finishes.
- Cost‑saving 20KW solar power system significantly reduces or eliminates electric bills.
- Large parking lot with over 30 spaces, resurfaced in 2025.
- High visibility and easy access with 200 feet of highway frontage on N Grove/SR 19, averaging 12,500 FDOT trips daily.
- Conveniently located less than an hour from Orlando and The Villages.
Overview
This property offers a renovated building suitable for medical or professional use, featuring approximately 4,534 SF. The building was thoroughly renovated, including a new roof and the replacement of all three air conditioning units in 2022. The interior features new ceramic tile flooring and updated finishes. The property is zoned RT by the City of Eustis and contains 10 exam rooms, private offices, treatment areas, a break room, and a spacious waiting and admin area. A large parking lot provides over 30 spaces. A 20KW solar power system typically reduces the electric bill to zero most months. The property has high visibility, easy access, and approximately 200 feet of highway frontage along N Grove/SR 19. It is located less than an hour from Orlando or The Villages, with an average of 12,500 FDOT trips daily. The parking lot was resurfaced in 2025. The sale includes two parcels (Lake County, FL Alt Key #1197970 and #2515937). Its central Florida location makes it ideal for your practice, office, or company. It is well-suited for urgent care, primary care, pediatric clinics, or even veterinary practices.
Local Financial Insights For Office B
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 | $112.0k | $24.00 |
| − Vacancy | −$19.0k | −$4.08 |
| EGI | $92.9k | $19.92 |
| − OpEx | −$23.2k | −$4.98 |
| NOI | $69.7k | $14.94 |
4,665 SF · lease $24.00/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$995.6K
$871.2K – $1.16M
NOI $69,695 @ 7.0% cap · market cap 6.34%
Second Best
Healthcare Medical
$950.1K
$831.3K – $1.11M
NOI $66,504 @ 7.0% cap · market cap 6.05%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $92,927 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Medical Office Space
Location Insight
- Map
- Local Demand
- City
- Eustis
- County
- Lake
- State
- Florida
- Longitude
- -81.683409
- Latitude
- 28.8616159
Nearby Similar for Sale
FAQs
What type of property is this?
Medical Office Space - Renovated medical/professional building with high visibility and solar power.
Where is this medical office space located?
The property is located at 901 N Grove St / Sr 19 Eustis, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Ideal for medical/professional use with **4,534 SF, featuring 10 exam rooms, private offices, and treatment areas.**; **Recently renovated (2022) with a new roof, new A/C units, ceramic tile flooring, and updated interior finishes.**; Cost‑saving 20KW solar power system significantly reduces or eliminates electric bills.
